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Is 526 a good credit score for a car loan?

I really need to get a new car, but my credit score is terrible. How do you get a car loan with a credit score of 526?

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Shannon Fitzgerald · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It can certainly be frustrating securing financing to purchase a new vehicle when your credit score isn’t the greatest.
While 526 is not a good credit score for a car loan, you can usually qualify with the help of a co-signer.
As long as your co-signer has good credit, you shouldn’t have a problem securing a loan with them. Just be sure to find someone who understands the financial responsibility they are agreeing to—if you are unable to pay your bills, your lender will request the money from them next.
Depending on your co-signer’s credit score, you may even benefit from
lower interest rates
. Additionally, paying off your loan with your co-signer’s help may improve your own credit score so that you won’t need another co-signer in the future.
Once you’re able to secure financing for that new car,
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MORE: How to get a car loan from a credit union
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