What Kind of Credit Rating Do I Need to Buy a Car?

Posted February 11th, 2012.

The thing about auto financing is that every lender is going to decide what is acceptablef or themselves. Also, you need to take into consideration that only the best credit scores will be getting their advertised low rates. The worse your rating is, the higher interest rate you’ll be charged. With all of that in mind, you ideally want a credit score over seven hundred, however, there’s a lot of wiggle room on the credit score scale and you can get by with a rating of six hundred and fifty fairly well. Keep in mind that this is not the only thing on your application and things like your down payment will also come into play here.