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Is 700 a good credit score for a car loan?
If my credit is good enough, I want to pick up a new car over the summer. Is 700 a good enough credit rating to get a car loan?
Brittni Brinn · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting a new car over the summer sounds like a great goal! The good news is that 700 is a good credit score for a car loan.
Most lenders require a credit score of 660 or higher to qualify for a car loan. Since you’re well above that with a 700, you should be able to choose from many different financing options.
Shop around various lenders to find the best deal. Some lenders to compare for your loan include:
- Your bank
- The dealership
- A credit union
- Another authorized lender
Similarly, you always want to compare
car insurance
options before you decide which plan is right for you. Car insurance super app Jerry
makes comparing insurance quotes painless by scanning over 50 top providers and delivering the best deals straight to you in minutes.View full answer
- Gregory R.
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