How good should ones credit score be to get a great interest rate on auto?

Question

I currently maintain a 603 thru 618...

I want a car, but am scared of high interest rates....

Answer 1

i got a 680 so you need to work on that credit a bit.....you might still be considered average credit.

Answer 2

A bullet is 740-780 with the income to back it up. A 600 is not bad but us not going to qualify for any special low rates without a LARGE down payment.

hope that helps!!!

Answer 3

i do not know how much your score can be rasied but this will defeinitely help you out. i went to http://offur.com/fixcredit , a totally free service that helps you raise your credit and create a plan to keep it up. its pretty helpful.

Answer 4

to get the best regular rates 720+

to qualify for some of the promotional new car rates your score is borderline at best but if job time, time at residence,debt to income are in line you make squeak in

Answer 5

700 is considered good.

Answer 6

Over 700 credit score is getting to the good range. You can be scared about high interest rates but there is not much you can do. Depending on the size of the loan, there won't be a huge difference in payment for example: $8,000.00 for 48-mos.@ 8% = 195.30        $8,000.00 for 48-mos.@ 12%=210.67      about a $15.00 diff.

Answer 7

I know to get the promotional rates you need a credit score of +720

Answer 8

740 to get a great rate.

620 is generally the dividing line between good rates and the high risk rates. Anyone with a credit score below 620 will be in that high risk category and will not qualify for a good interest rate.