Home › Questions › Credit Score › What credit score do you need to buy a car?
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Kikoff.
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July 10, 2024 at 10:45 pm #455
Kikoff
KeymasterJuly 10, 2024 at 10:50 pm #469Kikoff
KeymasterFor an auto loan, a credit score of around 660 or higher is generally considered good, allowing you to qualify for favorable interest rates. With higher scores, you’ll likely receive lower interest rates, making the loan more affordable. If your score is lower, it’s still possible to get a car loan, but you may face higher interest rates, leading to more expensive monthly payments. Lenders use your credit score to assess your risk level, which influences the terms of the loan.
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