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What Is A Good Credit Score To Buy A Car. So now the question begs to be asked, what kind of score do car dealerships want? But if your credit score is lacking, loans are available at nearly all credit levels.
How Does the FICO 8 Bankcard Score Differ From a FICO from www.fool.com
The two biggest components of your credit score are your payment history and how much you owe. But if your credit score is lacking, loans are available at nearly all credit levels. There's no official industry standard minimum credit score that you need to secure a car loan.
How Does the FICO 8 Bankcard Score Differ From a FICO
Some dealerships have finance managers who only. According to a 2016 report from credit bureau experian, the average credit score required to qualify for a new car loan was 714. To get the best rates on an auto loan, you will need a credit score of at least 720 — the higher, the better. Typically, a credit score of 700 or higher will put you in a good position to find favorable auto loan terms.
