I AM PLANNING ON BUYING A BRAND NEWCAR AND I WAS WONDERING IS THIS SCORE A GOOD ONE .
2007-06-30 16:50:01 · 14 answers · asked by JESSIE G 1 in Business & Finance ➔ Credit
Yes a 716 is a very good credit score. Many auto dealers offer their special financing terms to borrowers who have a credit score of 700 or better. You may find a few dealers may require a 720 or 730 or above, but you should be fine with most dealers and most of their "special" limited time financing offers.
720+ Excellent
660-719 Very good
620-659 Good
580-619 OK
550-579 below average
500-549 not so good
below 500 very, very bad
Read the link below to find out more on credit and credit scoring.
2007-06-30 16:55:34 · answer #1 · answered by dzwreck 4 · 2⤊ 0⤋
Yes, 716 is good enough. You can get a new deal.
But remember when you go to the dealer, don't show your driver's license often. Because when they run your score one time, your score will minus 10.
2007-07-01 02:14:48 · answer #2 · answered by Ray 1 · 1⤊ 0⤋
Yes that is just about considered a Very Good score. I believe 720-760 is Very Good. Above that is Excellent.
I stand corrected. BTW why go new? Save the depreciation and go with something 2 years old.
2007-06-30 23:55:53 · answer #3 · answered by Tony 6 · 1⤊ 0⤋
It is definately decent and you should be able to get approved for almost any loan. It is not the best of the best or A+ but it definately won't hurt you at all. You should be able to get whatever rates are out in your area.
Good luck.
2007-06-30 23:54:33 · answer #4 · answered by bankchick 2 · 0⤊ 0⤋
Yes , you should get the best rate not only on a car, on a house too. Good Luck!
2007-06-30 23:58:30 · answer #5 · answered by reality 6 · 0⤊ 0⤋
It's an above-average score - you shouldn't have any trouble financing the car based on your score.
2007-07-01 00:10:16 · answer #6 · answered by Judy 7 · 1⤊ 0⤋
I think anything over 680 or so is considered credit worthy.
2007-06-30 23:52:56 · answer #7 · answered by Anonymous · 0⤊ 0⤋
That's excellent! Normally anything over 650 is consider pretty good.
2007-06-30 23:58:40 · answer #8 · answered by Yum Yum 1 · 0⤊ 1⤋
Yes, thats outstanding
2007-06-30 23:52:53 · answer #9 · answered by big stan 5 · 0⤊ 0⤋
Anything above 700 is good.
2007-06-30 23:53:13 · answer #10 · answered by Anonymous · 0⤊ 0⤋