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Will a 683 credit score get me a good rate on a car loan?
I want to refinance my car loan because I raised my credit score to 683. Will this score get me a good rate on a new loan, or should I wait until my score is higher to refinance?
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you’ve raised your credit score, it’s probably a good idea to refinance! A 683 credit score is considered Good, meaning you’ll qualify for a decent interest rate with most car loan lenders.
That doesn’t mean you should stop here, though! If you keep building your credit even after refinancing your loan, you’ll eventually be able to qualify for an even better rate!
If you’d like to save on your insurance while you’re at it, check out the
Jerry
app. With Jerry, you can see a list of car insurance quotes that work for you in minutes. The average user saves $887 per year.View full answer
- Gregory R.
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