What credit score do I need to buy a car? Find out the minimum score for loan approvals, how it affects your rate and tips for improving your chances.

Some sources provide average auto loan interest rates on a monthly basis, but they aren’t broken down by credit score. In June 2025, automotive site Edmunds.com listed the average car loan ...

Average auto loan rates range anywhere from 5.25% to 21.55% based on your credit score. Your auto loan’s interest ... charged throughout an auto loan’s term. The chart below showcases ...

Using September 2024 data in the myFICO loan calculator, we can see that someone with a score of between 720 and 850 who takes out a $40,000 loan over 60 months would get an average APR of 7.45% ...

Estimate your monthly payments with Cars.com's car loan calculator and see how factors like loan term, down payment and interest rate affect payments.

Our car loan payoff calculator can show you those potential savings and highlights how soon you can pay off your auto loan in ... If your credit score has improved since you took out the ...

Average Car Loan Interest Rates by Credit Score. Average rates vary widely from the lowest credit scores to the highest. According to data from Experian’s State of the Automotive Finance Market ...

Many auto lenders also use some version of the FICO® Auto Score that features a credit score range of 250-900, which can include any history you may have with previous car loans.

The average auto loan interest rate for new cars in the first quarter of 2025 was 6.73 percent, while the average used car loan interest rate was 11.87 percent. Your credit score plays a ...

A good credit score to buy a car is often above 660, as you're then considered a "prime" borrower. There's no industry-wide, official minimum credit score in order to qualify for an auto loan.