What is a good credit score to buy a car with no down payment?

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    KikoffKikoff
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    KikoffKikoff
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    Generally, a good credit score for securing a car loan with no down payment is 700 or above.

    Understanding Credit Score Tiers

    Credit scores typically range from 300 to 850. Here’s a quick breakdown of what these numbers mean:

    • 300-579: Poor – Lenders see you as a higher-risk borrower.
    • 580-669: Fair – You may get approved, but likely with higher interest rates.
    • 670-739: Good – You’re viewed as a dependable borrower.
    • 740-799: Very Good – You have a strong credit history.
    • 800-850: Exceptional – You’re an ideal borrower who qualifies for the best rates and terms.

    Why 700 is the Magic Number

    A score of 700 or higher shows lenders that you have a responsible track record with credit. This makes them more likely to offer you favorable terms, like good interest rates or a no down payment option. However, requirements can vary from lender to lender, so it’s always a good idea to check with multiple options before you make a decision.

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