What Is: The Minimum Credit Score To Buy A Car

According to recent reports from Experian , most successful borrowers have scores well above the bare minimum: Average score of 753 . Used Car Loans: Average score of 689 . Estimated APR by Score Range Credit Score Tier New Car APR (Avg) Used Car APR (Avg) Super-prime Prime Near-prime Subprime Deep Subprime Data sourced from Experian and Bankrate reports. Options for Lower Credit Scores

However, your score significantly dictates your interest rates and loan terms: Key Credit Score Benchmarks what is the minimum credit score to buy a car

Approval is possible but often requires a larger down payment (typically at least 10%) or a co-signer. Rates in this range can exceed 20% . Average Scores by Loan Type (2024–2025 Data) According to recent reports from Experian , most

If your score is below 600, you can improve your approval odds by: How To Get a Car Loan With Bad Credit | Intuit Credit Karma Options for Lower Credit Scores However, your score