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What credit score is needed for a car loan?

I’m looking to purchase a car but will need to apply for a car loan. I don’t have the best credit history, so what credit score is required to apply for a car loan?

avatar
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Buying a new car can be exciting, but securing a
car loan
can be frustrating, especially if you have a lower credit score. There is no required credit score to get approved for a car loan, but most lenders look for a credit score of 661 or higher.
A credit score of 661 or higher means you are a prime or super-prime borrower and will have an easier time getting approved for a car loan. If you have a near-prime, subprime, or deep subprime credit score, you can still get approved but may have to pay a higher interest rate or find a lender who specializes in car loans for those with bad credit.
Keep in mind that lenders look at more than just your credit score. You can improve your odds of approval by showing stable:
  • Proof of employment
  • Proof of income
  • Debt-to-income ratio
  • Cosigner
    on the loan
Once you’re approved for a loan and purchase your vehicle, you’ll also need
car insurance
. Lenders will require full coverage for your financed vehicle, which can cost a lot. But it doesn’t have to break the bank.
If you want cheap car insurance quotes fast, go to
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