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Is 717 a good credit score for a car loan?

After owning my car for a little over a decade, I’ve finally decided it’s time to buy a new one! Since it’s my first new car purchase, I want to make sure to get the best deal on my loan. Thankfully, I’ve been building up my credit score over the last year or two—will a score of 717 get me good terms?

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Samuel Todd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s great—buying a new car is always exciting! Thanks to your hard work on building up your credit score, you should be able to get a good loan with an interest rate of about 3.5%.
As a general rule of thumb, a credit score that’s above 660 is strong enough to secure solid terms. Since your score is well above 700, you’ll be able to get an even better interest rate on your loan.
Based on data from Experian, your credit score falls into the “Prime” category (661-780). Since you’re squarely in the middle of that range, you should expect an APR of about 3.64% on your new car. If you change your mind and go for a used vehicle instead, you’ll be looking at an interest rate closer to 5.35%.
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