Reviewed by Shannon Martin, Licensed Insurance Agent.
We’re not gonna lie, friend—this is gonna be tough. Technically a 470 credit score can’t disqualify you from a car loan, but you’re going to need to work pretty hard to get approved.
Loan providers prefer to see a credit score of 660 or higher to approve you for financing with a good interest rate. You can try the following tactics to look better to loaners and get a better chance at loan approval:
Be prepared—you likely won’t be able to get a competitive interest rate or a shorter loan term if you get approved. A high interest rate can add up pretty quickly, so use
Jerry takes less than a minute to set up and then you can browse competitive quotes from 50+ top providers across the nation. Once you pick your favorite, Jerry will take care of everything else to set up your new policy and even cancel any old ones. Our average user saves $887 a year on car insurance which could definitely help that credit score!
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.