Reported 2 days ago
While there is no official minimum credit score required to buy a car, most lenders typically require a FICO score of at least 600 for competitive auto loan rates. Borrowers with lower credit scores can still qualify for loans, but should focus on improving their scores to secure better terms and rates. Scoring systems like FICO and VantageScore impact loan approval and rates, and lenders also consider factors such as income and debt-to-income ratio.
Source: YAHOO