661 or higher
What Is the Minimum Score Needed to Buy a Car? In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

Is a FICO score of 612 good?

A FICO® Score of 612 places you within a population of consumers whose credit may be seen as Fair. Your 612 FICO® Score is lower than the average U.S. credit score. Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.

Can you get a car loan with a 620 credit score?

To be clear, you can get a car loan with a low credit score. While the exact definitions of these terms vary depending on who you ask, the Consumer Financial Protection Bureau, or CFPB, defines subprime as borrowers with credit scores of below 620 and deep subprime as borrowers with scores below 580.

Is 670 a good credit score to buy a car?

Good Credit (670-739) Borrowers with good credit scores shouldn’t have any problem getting approved for a loan and will start to see better interest rates. Borrowers in this range will pay around 4.5% for a car loan.

What kind of auto interest rate can I get with a 600 credit score?

Credit Score of 600: Car Loans

Which FICO score does CarMax use?

Most likely, Carmax will pull Transunion and Equifax. There are many times, like 12 overall.

What kind of car loan can I get with a 670 credit score?

With a 670 credit score, the FICO Loan Calculator now estimates that you might qualify for an APR around 7.89%. Based on that rate, your monthly payment on the same $38,000 auto loan would be $768. You would pay $8,106 in total interest over the life of your loan.

What kind of APR can I get with a 600 credit score?

Car loan rates by credit score