Can I get a car loan with a 780 credit score?

I’m in the market for a new car, but I’ve always paid cash in the past. The car I have my eye on will require a loan, and since I’ve never had a car loan, I’m at a bit of a loss. Is a 780 credit score good enough to get a car loan?

Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You can almost definitely get a
car loan
with a 780 credit score, provided you have a low debt-to-income ratio and enough income to pay your monthly car note.
A 780 credit score puts you in the superprime range of borrowers. In this range, you qualify for the best rates possible. As of Feb. 2022, the average car loan rates for someone with your credit score are:
  • 2.58% for new cars
  • 3.68% for used cars
However, the only way to get the best rate is by shopping around or getting preapproval. By getting preapproved, you can get a basic idea of your budget, monthly payment, and interest rate. This will point you toward a model you can reasonably afford without any financial burden.
Once you’ve found the car you want, the next step is to shop around for car insurance. The dealer won’t let you drive off the lot without it, and the lender will require full coverage. If you’re not sure where to start your search for car insurance, make sure to check out the
Jerry is a licensed insurance broker that will collect quotes from over 50 top-rated insurers in minutes. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $887 per year.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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