What is a good credit score to have before buying a car?

Question

I would like to try to take out a loan for half of the price; so about $7,000; but I was also thinking of financing the whole cost $14,000.

Answer 1

if for half the price you score doesn't need to be as high because you are putting a big sum down they realize you are serious and don't want to lose money if the whole thing i would say pretty good about a 720 or higher in my state.

Answer 2

720 is an excellent score, and considered A tier at most banks. With 50% down though, you'll get approved with just about any score over 500.

If you want to finance the whole 14000, there are many factors other than score that will need to be considered. The year and miles of the car, the market value of the car, the term of the loan, and of course your credit rating.

It's just about impossible for me to tell you that a certain score will get you the enire 14000. If the car is only worth ten, you put nothing down, and even if your score is 720, you probably won't get the full 14000 plus tax. There are so many factors involved.

Answer 3

well i would say the higher the score the better it will be but 720 is perfect but if your fico score is between 620 and up u will be pretty good and always put down the most u can