Many drivers prevent themselves from driving a reliable vehicle because they believe they don’t have a high enough credit score to finance a car. If this is the case for you, we invite you to speak to the finance experts at Sam Leman Automotive Group. The car of your dreams may actually be within reach. Our team would be more than happy to discuss what’s available to you, including bad credit car finance options.
Wondering what credit score is needed to finance a car? Read on to find out!
In most cases, for drivers who have obtained an auto loan in 2020, the average credit score for acceptance is 721 for a new vehicle and 657 for a used car. Bad credit car finance options are still available for drivers whose credit scores fall below the average. Keep in mind that you will have a higher interest rate with a lower credit score. Wondering where your credit score falls?
So, what credit score is needed to finance a car? This depends, because even drivers with a deep subprime credit score can still secure bad credit car finance loans. To improve your chances of getting approved, the tips below can help:
If you still have questions regarding what credit score is needed to finance a car, the team at Sam Leman Automotive Group would be more than happy to assist you. We want to make your dream of car ownership a reality. Contact us today for more information
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