If you’re looking having a timeless auto loan, you could has a credit history out-of 660 otherwise higher. If you are looking getting a consumer loan to get good this new utilized vehicle, your credit score might not should be while the large. Though it is essential to try to get the best borrowing from the bank get you are able to so you can be eligible for straight down rates of interest and almost every other favorable conditions, you may still be capable of geting a personal loan to help you buy a car having a credit score as little as 580. Depending on the bank, lowest credit score criteria are different. Even though many lenders might still need a high credit score, certain loan providers are willing to work at borrowers that have credit ratings up to 610, 600, if you don’t only 580. Continue reading „Are a consumer loan less expensive than auto loan?”