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Is a 698 credit score good for a car loan?
I’m looking to apply for a car loan, but I’m not sure if my credit score is good enough. Is a 698 credit score good for a car loan?
Rob Shapiro · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Best of luck applying for a car loan—not that you’ll need it! A 698 credit score is high enough to get a car loan. You shouldn’t have trouble receiving approval from lenders.
Scores between 670 and 739 are considered to be good. In fact, most lenders will approve applicants with any score above 661.
With a score of 698, you should qualify for a favorable interest rate. To ensure you do, shop around with several lenders to compare what they’re willing to offer you.
Shopping around is also the best way to avoid overpaying for
car insurance
. While it might sound like a hassle to get quotes from multiple companies and switch over to the best-priced plan, it doesn’t have to be! Just download Jerry
. 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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- Gregory R.
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