What is a good credit score for a car loan?
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. If your score is below the prime range, you may still be able to get an auto loan—but it could be harder to obtain and more expensive.
What are the credit requirements for an auto loan?
That said, the credit requirements for auto loans can vary considerably among different lenders. Auto lenders also tend to be more forgiving of imperfect credit than other types of lenders, and it’s often a matter of shopping until you find a lender who will work for you at a reasonable rate.
Is there a minimum credit score to get approved for loans?
But if you don’t have a great track record with borrowing money it can be difficult to get credit. The short answer is that there is no minimum credit score per se, but it goes without saying that the lower your credit score is the harder you will find it to get approved. What really matters is the contents of your credit history.