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.
In fact, 2.7% was the average interest rate someone with a super prime credit score paid in the second quarter of 2014, while those with deep subprime credit paid an average interest rate of 12.42%. The difference was even starker for those financing used cars.ou know itâs time to for a new vehicle, but thereâs one thing holding you back: your credit. You arenât sure what credit score you need to buy a car. If you absolutely must get another vehicle, you can probably find a way to finance it. The real question is what it will cost you.