Here’s what kind of car loan you can get depending on your credit score
If you’re shopping for a car and plan to finance your vehicle, you’ll want to consider your credit history and credit scores, which will help determine the kind of auto loan you’re eligible for and what kind of loan terms you might be offered. A good credit score can make a big difference.
Your credit score is the three-digit number that tells lenders how likely it is that you’ll pay back any money you borrow.
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It helps lenders decide whether they want to give you a loan and what kind of interest rate to offer. It’s based on information in your credit report, which is a record of how you’ve managed