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Posted in Auto Loans
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Question By
deejayzee

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what is the lowest possible credit score when applying for a car loan?
low approved credit score

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This is way too vague a question. In theory, the higher the score the lower your loan % rate is. Many places offer car loans to people with very low or no credit. The rates may not be great but I'd say most people will be able to get a car loan in some $ amount at some % rate.

Top Contributor
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Do you want to pay 20-25-30-35% interest rate on the loan?  Then they will lend to most anyone that can prove they have a job. Otherwise your score needs to be about north of 700 to get decent rates.

Top Contributor
1090 Contributions
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If you're asking THAT question, then you have bigger problems. You need to read and educate yourself on credit, abd why a high credit score is so important. You should be saving money so you can purchase a pre-owned vehicle - if you really NEED a vehicle. Needing and wanting are two different things.

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