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Rome drivers who are unsure of whether or not they have a good enough credit score to finance a car are in the right place. Riverside Buick GMC is going to go over the different brackets of credits scores and how they affect the car loan process. We’ll also go over your bad credit car finance options. Unsure of what your credit score is? Get a credit score estimate in seconds.
In 2020, the average credit score of drivers who applied for a new car loan was 721 and 657 for a used car loan. So what credit score is needed to finance a car? You can probably get a loan regardless of where you fall on the credit spectrum. There is no “good enough credit score to finance a car.” What Acworth drivers need to know is that a lower credit score means higher interest rates. Here is a breakdown of credit score brackets:
If your score is non-prime or worse, you will need to consider bad credit car finance. Naturally, this means you’re going to get a higher interest rate on your loan, but there are some steps you can take to lower that interest rate from the outset:
If Canton drivers are still unclear on what credit score is needed to finance a car or you have more specific questions about bad credit car finance, don’t hesitate to contact us or give us a call at (678) 792-4501. Will help you determine how your credit score impacts your ability to finance a car. While you’re here, be sure to check out our new vehicle specials.
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