A Minimum Credit Score for a Car Loan Doesn’t Exist
Minimum acceptable credit scores will often depend on the lender, but dealerships typically hover around the 620 mark.
However, many lenders are willing to work with people with lower-than-average credit scores.
Can I get a car loan with a 590 credit score?
If you have a much lower score, whether between 500 to 589 or ranging from 590 to 619, any approved loans will be at astronomic interest rates. So, there is no reason why you should bother applying for an auto loan if your credit score is that low.
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