It seems like there are a lot of 50 to 60 year olds answering questions in the Senior Citizens section. I thought a Senior Citizen was a person over the age of 65 years of age. I understand that any age group can answer questions in any section and category but the 50 to 60 year olds seem to think that their age...
Credit Score: 500-579 â The minimum credit score to buy a car falls in this range. When your credit score is in this range lenders are hesitant to grant you a car buying loan. There are lenders that will, but they are sub-prime lenders and a down payment of some kind is required.
Your credit score (300 to 850) is your creditworthiness as a rating and is based on your credit report with the three credit reporting agencies â Equifax, Experian and TransUnion. A borrower with a high credit score qualifies for a better car loan rate than one with a low score. Shaving just one percentage point of interest from a $15,000 car loan over 60 months would save hundreds of dollars in interest paid over the life of the loan. You can see your credit score for free at myBankrate.