What is considered a good credit score for obtaining an auto loan?
The higher the credit score the better, however there is no real industry standard. Credit scores will range from 350-850.
Each creditor or lender judges your credit score differently, and takes other factors into consideration when determining you eligibility. Usually, anything above 690 is considered a great score.
A score below 620 is frequently referred to as sub prime. As long as you have a job, most dealerships have a special finance department that will help most people who fall into the subprime category.
Obtaining your credit report is a great way to see where you stand. Requesting a credit report will not affect your credit. The only time your credit report is affected is when you ask a creditor to inquire about your credit.
If you have less than perfect credit, and need an auto loan, visit us at AutoCreditExpressVideo.com to find out how we can help.