What credit score is needed for an auto loan?

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asked Feb 15, 2018 in Buying & Selling by hoitytoity (310 points)
What credit score is needed for an auto loan?

What kind of credit score is needed for getting approved for an auto loan?

1 Answer

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answered Feb 15, 2018 by Minty (132,850 points)
Most car dealerships will look for a credit score of 700 or above before deciding on whether to approve you for the car loan.

If your credit score is below 700 then your chances of getting approved for an auto loan are slim.

If your credit score is below 700 then you'll likely need someone with a good credit score to cosign the auto loan agreement with you before you'll get approved for the auto loan.

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