I have a credit score of 806 which is grade B. Is it possible to get good deal for a new car with that score?

Answer 1

if you have an 806 (TU) then you should get the lowest interest rate available. If they told you grade B --they lied

Answer 2

Is that a FICO score? FICO is the standard credit score used by most businesses, and if you have an 806, your credit is awesome. You'll have no problem. People with 800+ FICO scores are nicknamed "Golden" because only 2% of people have scores that good.

Even if it's a Vantage Score, which is being pushed by the credit bureaus, you should be OK. I think their scores go up to 950, so 806 is still good.

Answer 3

You have an excellent credit score. Don't let the dealer tell you it's anything less than that. Don't confuse getting a good deal with getting good financing. If I were you, I would negotiate the purchase price for the car SEPARATE from financing. In fact don't even mention that you want to finance until you know how much the car is going to cost. Shop around to local banks or credit unions first so you know what kind of loans they are offering. If the dealer can do better, go with them.

Answer 4

wheres that score through? did the dealer tell you this. if that is from a credit bureau you should have no problem getting a good deal. I'd say that's a grade A. great job.

Answer 5

dont know what grade b is,but yes that is a good score. type of deal you get depends on how much homework you do.most dealers will not disclose your score.by law,they cant. you should get the best interest possible,but that has nothing to do with the price of a car.

Answer 6

That isn't B. I suggest using a local credit union, they'd give you a great financing deal. The dealership has their own finance companies and they can make money if they put a loan through, like more commission. get a prequal from your own bank if you've picked a car.

Answer 7

That's excellent, my score is way lower and I still got a decent deal