They normally qualify for competitive interest rates on their loans as well.
However, even consumers with credit scores of 600 or less can get approved for an auto loan.
Therefore, if a consumer finds that their credit score is 600 or lower, they should look for a dealership that handles special financing.
Can I get approved for a car loan with a 640 credit score?
Your 640 credit score will lead to some uncertainty in your pursuit of new credit, which could include a credit card, home, auto or business loan. If you are shopping for a home or a new or used car loan, a 640 credit score should allow you to find more than one finance source willing to work with you.
Photo in the article by “Mount Pleasant Granary”