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How to get a car loan with a credit score of 700?

Apply Online! Ultimately, there’s no quicker way for you to get the 700 credit score auto loan you want. It’s that simple. Next, you will want to look at how high your auto finance APR should be. Regularly, you can expect to pay 6 to 7 percent on new cars and at least 7 percent for used cars.

What does a 700 credit score mean?

A 700 credit score puts you firmly in the prime range of credit scores, meaning you can get a competitive rate as long as you shop around, have good income, and have a solid debt-to-income ratio. A 700 credit score gets an average car loan interest rate of 3% to 6% for new cars and 5% to 9% for used cars.

What is the minimum credit score required for a car loan?

A 720 credit score is definitely good enough to get a car loan. Most lenders require a minimum credit score of 661 to get approved. Yours is well over that (and very impressive!) so you should have no problem.

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