PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
With a 580 credit score, what kind of car loan can I get?
I’m looking to buy a new car, but my credit score is 580, which I know isn’t great. Is there any way for me to qualify for a car loan with a bad credit score?
Michelle Ballestrasse · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
With a 580 credit score, you can get a subprime car loan. Subprime loans are, unsurprisingly, risky to take on—and expensive to boot. You’ll pay more in interest with a subprime loan than with a standard auto loan.
It’s generally advised that you go in with a credit score of at least 660 for a car loan, but this is the benchmark for
car loans
that still offer favorable terms and conditions.Our recommendation: Get a co-signer. But, remember that if you fall behind on your payments, or default, your co-signer’s credit will be negatively affected the same way that yours will.
MORE: How to get a car loan from a credit union
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
