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.
The average credit score for financing a new vehicle dropped six points to 760 and, for a used vehicle, fell four points to 659. Lenders are making more loans. The report found that loans to car buyers with nonprime to deep subprime credit scores (from 679 to 550 and below) increased by 11.4%.