What’s the minimum credit score to buy a car?
There is no minimum credit score, but lenders have varying minimum requirements.
About the author
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
There is no minimum credit score, but lenders have varying minimum requirements.
There are pros and cons of getting the latest model.
Pick the shortest term length you can comfortably afford.
Fed hikes means higher rates — but there are still ways to save.
Time your car loan refinance right to receive the maximum benefits.
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
Prepare for high rates of inflation if you plan to buy a vehicle this season.
If you have been holding off on buying a new vehicle, 2025 could be the right time to visit your local dealership. Bankrate Chief Financial Analyst Greg McBride predicts that rates will ease for most borrowers [...]
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