What is the standard credit score to purchase a used car?

by Admin on January 16, 2009

Miss Stylish Ladi asked:


I could not get a car since my credit is not good enough. Does anyone know what is the actual credit score to obtain in order to purchase a used car? Specific answers would help. Please no “IDK” answers.

Dean

{ 2 comments }

heybulldog January 20, 2009 at 10:59 pm

Melanie

You don’t need a credit score to purchase a car. Save up and pay cash. Put what would have been your car payment in the bank. You’ll have enough to by a better car in no time and not pay a dime in interest.

You will never get ahead financially making payments.

CarmelKM January 23, 2009 at 4:14 pm

Herman

A credit score of around 700 should get you financed. You interest rate will be high though and they’ll probably want you to have a big down payment.