2007-07-15 05:03:00 · 6 answers · asked by bgbs_1 1 in Cars & Transportation ➔ Buying & Selling
It's more than the credit score itself-there's job & residence stability, how previous auto loans were paid, income to debut. So theoreticlly, someone with mid 500's and everything else good, could get a loan.
Best way to find out is to find a car you want, ask the dealer if they do bad credit loans, and if they do, have them submit you. Believe me they will try their hardest to get you a loan becuase that's the only way they get paid for the car!
2007-07-15 05:25:04 · answer #1 · answered by justcurious 6 · 0⤊ 0⤋
None, if you want to pay an outragious interest rate or plan on paying cash. Otherwise, good if you don't. But an average score of 680 will get you into most cars with a slightly higher interest rate then a score of say 720, 2-5% differance.
2007-07-15 05:18:32 · answer #2 · answered by Mr.D 2 · 0⤊ 0⤋
I have bad credit and i bought a car but wth a high interest rate/month payment, but i did get one.
2007-07-15 05:15:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Under 620 they'll have to look at what's on your report. They will either require a cosigner, or have a high interest rate. 620 and until the highter 600's your interest rate will be extremely high.
2007-07-15 05:20:52 · answer #4 · answered by Saddler 3 · 0⤊ 0⤋
the socre helps you with the financing.
you can buy a car but may have to pay a higher interest rate.
2007-07-15 05:07:40 · answer #5 · answered by Michael M 7 · 0⤊ 0⤋
zero if you pay in cash otherwise, the higher the better
2007-07-15 05:06:18 · answer #6 · answered by B 4 · 0⤊ 0⤋