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Usually if you want a loan of your own, with no co-signer, then you need to have at least a 580 (on the extreme low side). Better is 620 to 650, best is 670 and above. Income also factors into the loan to though. As a former car salesperson I used to get so frustrated when someone would not look at vehicles that fit their income budgets. Lenders will only allow you to give maximum 25% of your gross pay towards a car loan. And you MUST earn at least $1500 (preferably $18,00) a month or you'll have to get a co-signer. The best route for a car loan is pre-approval. This puts you in the drivers seat when purchasing because you know exactly how much you can afford (and won't be tempted to try for a car that is too expensive for you), and what your payments and interest will be. It allows you to find the best car for your price, vs. just taking what the dealership says they can get you approved for. For more information on car loans, or negotiating for a car, visit my website and blog page from the bio section. Good luck to you1

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17y ago

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