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A good credit score to buy a car is often above 660, as you're then considered a "prime" borrower. There's no industry-wide, official minimum credit score in order to qualify for an auto loan.
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What is a FICO score?Scores are classified into five categories: excellent, very good, good, fair and poor. (The FICO Auto Score and Bank Card Score range from 250-900. Those specialty scores may be used when you ...
while the average used car loan interest rate was 11.62 percent. Your credit score plays a significant role in determining your interest rate, but other factors such as the lender, amount borrowed ...
Different industries also use different FICO scores tailored to their respective industries. For example, FICO Bankcard and FICO Auto are used in credit card and auto lending decisions ...
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