Anyone gotten an auto loan with a credit score of 550-650?

If so, what was your credit score at the time and the details of your loan (loan amount, # of years, APR)? Thanks!

Anyone gotten an auto loan with a credit score of 550-650?

i got one for about 13000 at 20% with a credit score of about 560 then had it lowered 3 months later to 17% because my credit score jumped to 600

Anyone gotten an auto loan with a credit score of 550-650?

justin the cutoff for financing is usually about 620, if your south of that number either get your score up or you need to look for Community Acceptance Co. financing [ CAC ] which usually requires a down payment in the 50% range. i just went through this a week ago i was about a 580, after shopping around ( 3 dealerships) and getting denied, a finance guy explained this to me, and all those inquiries to my credit dropped my score 40 pts. so be careful..... leasing may be an option too.

Anyone gotten an auto loan with a credit score of 550-650?

Your credit score only determines how creditworthy you are. It has little to do with loan amounts, although it might be used as a factor to determine whether the loaner considers you a good risk or not. Loans rely more on your current financial situation: Do you have a job or other income? Do you own or rent a home? Do you have any large debts? None of these can be answered by simply looking at a credit score, which, IMHO is an utterly useless device created by someone who saw a way of making a quick buck and duping the masses into thinking it is more important than it is.

Anyone gotten an auto loan with a credit score of 550-650?

Auto finance is what I do for a living and there are several lenders out there that will approve you with that score.

It is a sub-prime score so you should find a dealer that advertises Special Finance and go talk to the Manager, they can help you.

Anyone gotten an auto loan with a credit score of 550-650?

Most auto dealers, especially used car lots can %26quot;get it done%26quot;.

Anyone gotten an auto loan with a credit score of 550-650?

I received an auto loan through Honda Financial ( Dealer) with a 587 credit score at the time. It was all banged up. But I had 15% of the $30k for a down payment, so they work with you.And could not charge me more than 3% above prime rate which was 4.25 back in 03. And now it is about the same Prime rate. I got a 7.25 fixed rate. Ahhhh Yeah. It also helps if you had a previous auto loan, and it was on time the last 6 - 12 months.Which mine was, don't get me wrong it was messed up before that but they over look it and are primaraly concerned with the past 12 mo. credit history. GOOD LUCK. BTW, honda was one of the few willing to do this and it is more difficult through a third party or used dealership other than the manufacturer, example Honda. American car manf are about the same as honda since they can't give their cars away. Unlike a Toyota, Nissian,Etc.

Anyone gotten an auto loan with a credit score of 550-650?

It depends on how much of a loan you are looking for and how much of a down payment you are coughing up.

I just recently got a 60-month (5 year) $7500 loan with a score of about 600. BUT you are looking at INSANE interest rates, about 20% or more.

If you do get a loan with a super-high interest rate, make EVERY SINGLE PAYMENT ON TIME, which will seriously boost your score, then refinance.