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.
Buying a car When it comes to buying a car, your score has a much bigger impact on the interest rate you can expect to pay. Borrowers with FICO scores above 720 can expect to pay just 3.32% APR on a 60-month new car loan. And even though the average score is just 31 points lower than that, a 689 will more than double the interest rate to about 6.76%.