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What is the lowest score you can have to obtain a car from a good car lot?
Wiki User
∙ 11y ago
Typically FICO scores above 700 will be offered very good financing opportunities. (The average American FICO score is roughly 723.)
The further down the scale, the higher the cost of the loan will be (interest).
Since each dealership has their own credit policies (some by a corporate direction), I cannot give a specific number.
I do work in credit and collections however, thus providing the information.
Wiki User
∙ 11y ago
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What credit score is needed in order to obtain the lowest interest rate for a car loan?
You will want a credit scoe of 800 or higher for the best rates. In some cases lower scores can qualify for good rates.
How good does your credit need to be for a car loan?
Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.
What is the lowest credit score a credit union will accept for a car loan?
660
Credit score in relation to financing a car?
You can finance a car by either contacting a bank and getting a loan through them or by getting a loan directly through the car dealer that you will be purchasing the car from. The benefits of a good credit score include better interest rates, lower payments and make it easier for you to obtain a loan.
What does a credit score do for people?
A credit score is looked at to see if you can obtain a loan or get financed for a house, car, etc. It is important to try and keep your credit score as high as possible.
Where can a person with bad credit obtain financing for a car?
Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.
Is credit score 606 good?
A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.
Is a credit score of 671 good in the eyes of a car dealer?
Of course, not.
Is a 648 credit score good enough to lease a car?
yes
Which car insurance company can help me obtain car insurance for my classic car?
There are many reputable car insurance companies that can help you obtain car insurance for you classic car. Progressive, State Farm, Geico are all good companies that can assist you.
Why should you obtain several insurance quotes?
You would obtain several insurance quotes to see who will give you the lowest price. You might also want to compare coverage and extras such as rental car and towing.
Do you have to have good credit to get collector car insurance?
A good credit score helps with the purchase of insurance because good bill payment is a sign of responsibility and lowers your risk to the insurance company. You may still be able to get insurance for your car, even with a low credit score. Call up your local insurance office.
