PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I get a car loan with a 765 credit score?
I have a 765 credit score and I’ve never missed a payment on any of my credit cards or loans. I want to buy a new car, but I’ve never had a car loan before. Will my 765 credit score be good enough to get car loan approval?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You can definitely get a
car loan
with a 765 credit score. According to credit bureau TransUnion, the average credit score is 679. This puts you well above the national average, providing you with better interest rates and a much higher chance of car loan approval.But even with a 765 credit score, lenders also look at your overall application profile, including:
- Your income
- Debt-to-income (DTI) ratio, which measures your monthly debt payments against your monthly pre-tax income (this should be 43% or less, ideally)
- Down payment amount
If you have a borderline DTI ratio or only a small amount for a down payment, don’t stress. Shop around for preapproval to find what lenders will work with you and what they’re willing to offer in terms of interest rates.
If you decide to take out a car loan, don’t forget about your car insurance. Lenders require you to have full coverage car insurance, which can get expensive if you don’t shop around. That’s when
Jerry
can come to the rescue.As a licensed broker, Jerry helps you find and compare quotes from over 50 top providers in minutes. When you find a better rate, Jerry can help you buy your new coverage and even cancel your old policy!
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies