Can I get a car loan with a credit score of 607?

I’m looking to buy a car soon, but my credit score recently took a beating. I’m worried I won’t get a good car loan now that my score is 607. Can I get a car loan with bad credit?

Macy Fouse · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Credit scores can be such a hassle! Don’t worry too much, though—you can totally find a decent car loan with a score of 607.
A 607 credit score is considered nonprime, so you can expect your car loan’s APR to be somewhere between 6.32% and 9.77%. Lenders reserve the best rates for applicants with credit scores of 661 and above.
Your loan terms and interest rates will vary depending on whether you get your loan through a dealership, credit union, bank, or online lender, as well. That’s why it’s a wise idea to shop around for pre-approval from several lenders to get an idea of which one is right for you.
Interest rates will also fluctuate depending on your loan type, loan length, and whether you get a new or used car. Longer car loans will typically come with lower rates, but be sure to calculate the total amount you’ll have spent at the end of your loan term to figure out how much you’re actually going to pay.
Getting a co-signer on your loan may lower your APR. As would raising your
credit score
—even by as little as 54 points.
A higher credit score will also come with cheaper
car insurance
rates. But no matter what state your credit is in, car insurance super app
can find you the most affordable car insurance overage for your needs. Download the app for free to save an average of $887 a year.
MORE: Does refinancing a car hurt your credit score?
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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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