Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
IrishDave42

0 Contributions
0 People Helped
What is the lowest credit rating you can have to get a decent auto loan?
I am probably going to need a new car in the next year for my new job since I drive over 40 miles to work and my car already has 173k miles on it. I am hoping to get my credit score up about 50 points in the next year but it would still be in the low 600s and I am wondering if I can get a decent auto loan with that. Obviously I know I will have a pretty high interest rate but hoping to be able to get something around 7 to 10 percent. Is that possible with such a low score?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.