What credit score is needed to buy a car?

+1 vote
asked Mar 5, 2018 in Buying & Selling by multivar (380 points)
What credit score is needed to buy a car?

How high of a credit score do you need to get approved for a car loan for a new car?

1 Answer

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answered Mar 5, 2018 by Larry S (42,350 points)
Most lenders will want you to have a credit score of 700 or above before they'll approve you for an auto loan to buy a new car.

If your credit score is under 700 then you still might be able to get the auto loan for the new car by having someone who has a credit score of 700 or above cosign the auto loan note with you.

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