What Score Do I Need To Buy A Used Car?
The top score possible is 850, but any score above 800 is considered perfect. Any score above 700 is considered good. When purchasing a used vehicle, your vehicle does not have to be as high. On average, the credit score for a used car loan is 650 and 721 for a new loan. Auto Outlets USA is able to finance individuals who have good credit or bad credit, even if your score is below 650!
How Do I Check My Score?
How Do I Increase My Score?
Want to simply increase your score? Make sure you pay your bills, student loans, auto loan, and credit cards on time. If you have outstanding balances that are in collections that will negatively affect your score, once your collections items have been paid you should see a boost in your score! If you do not have a credit card, get one! Credit cards are an easy way to increase your score! Be mindful and pay off your card each month to avoid any interest charges. The best way to raise your score quickly is to make a big payment on any debt you currently have or reduce your credit card balance.
How Does My Score Affect My Chances Of Buying A Car?
Your score and payment history gives lenders and dealerships a picture of how reliable you will be when paying back your auto loan. Your score reflects how fast and consistently you have paid other loans in the past to other lenders. Many lenders will look at past car loan payments against future loan options. If you are consistently paying your current loans and credit cards each month you have nothing to worry about.
What If I Have Bad Credit? Can I Purchase A Car?
If you have gone through a divorce, vehicle repossession or bankruptcy Auto Outlets USA can help you get financed on a used vehicle! The minimum score to purchase a used vehicle is lower than you may think. Even those with a 0 score can get financed, working with our team at Auto Outlets USA in the Finger Lakes, NY region can help you get financed even if you are a first-time buyer!
Have a not-so-great credit score and want to purchase a vehicle? The team at Auto Outlets USA can help you get financed on a used vehicle! We have a great team that works with those who have great credit as well as those who are looking to build their credit! We have hundreds of high-quality used vehicles to choose from!