Reviewed by Shannon Martin, Licensed Insurance Agent.
With a 700 credit score, you can expect competitive rates on car financing. Rates will likely fall within the following ranges:
3% to 6% for new cars
5% to 9% for used cars
Keep in mind: Regardless of your credit score, you’ll also need to be able to provide proof of income, and have a good debt-to-income ratio to qualify for competitive rates.
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