Monday, November 23rd, 2009

What range of credit score do you need to buy a new car?

credit score range
Vincent V. asked:


I want to buy a new car in the beginning of the year. My credit score is 690. I don’t know if that is good enough

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3 Responses to “What range of credit score do you need to buy a new car?”

Chris Says:
November 24th, 2009 at 9:20 pm

I have absolutely no credit and was still able to get one. Depending on their standards, you may just have to put down a bigger down payment or have a higher interest rate. If you can pay for it, credit scores don’t matter.

spacemonkey1958 Says:
November 28th, 2009 at 7:11 am

690 is fine to get you a car loan, almost every finance institution requires scores over 700 to get their best rates but 690 is a solid score, you should not have any trouble getting financed unless you have a WAY to much debt or no income or something.

if you get a new car you interest rate should be about 6.9 to 7.9, used car dont pay over 10% unless the car is older than 05′.

debtairraid Says:
December 1st, 2009 at 4:04 am

That’s a great question!

You should qualify for a loan, but here’s some car buying advice you might want to take into consideration prior to purchasing. It can literally save you THOUSANDS of dollars.

Good luck in your financial future!!

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