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Challanges1

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What Credit Score To Get A Used $2000.00 Auto Loan

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Most auto lenders use a version of FICO scores. Most banks that issue personal loans do as well. It really depends on the lender's standards. Some lenders may say a 630 is the minimum, some may say 700 is the minimum and some dealerships out there advertise to have lenders to finance any credit situation. Of course, the lower your scores the higher the interest rate will be. I want you to also be aware that your overall credit profile is just as important as credit scores. Your income is important as well and your employment history is important. In addition, if you are getting an auto loan instead of a personal loan (for 2k loan it would probably be personal loan) auto lenders have requirements for the vehicles they will finance, such as they are only allowed to be so old and only allowed to have so many miles.

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