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Is a 673 credit score good for a car loan?
Can I get a 0% APR car loan if my credit score is 673? I see commercials for them all the time but I’m not sure where I can find one for myself.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
While 673 is a good credit score for a car loan, it will be difficult to qualify for a 0%
APR
. Most lenders will only give a 0% APR to borrowers with a credit score of 740 or higher.However, you’ll still get a good rate on your loan with a 673 credit score! Typically, a lender will offer you an interest rate of 3.5% to 8.5%, depending on the lender you choose, your loan repayment period, and the type of car you decide to purchase.
Remember that you’ll need to purchase car insurance for your new vehicle, too! Check out the
Jerry
app, where you can see a list of car insurance quotes that work for you in minutes. The average user saves $887 per year.View full answer
- Gregory R.
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