Quick Answer: Which FICO Score Do Car Dealers Use?

The FICO Auto Score 8 is the most recent version and is used across all credit bureaus.

Some dealerships or finance companies may use one of the older versions: FICO Auto Score 2, FICO Auto Score 5, or FICO Auto Score 4.

Which FICO score do auto lenders use?

Your history with auto loans could be especially important in determining your FICO® Auto Scores. VantageScore® 3.0 and 4.0. These are the two latest versions of the credit scoring model created by VantageScore, a credit scoring agency founded by the three major credit bureaus (Experian, TransUnion and Equifax).

What credit score does GM Financial use?

What do you need to qualify for GM Financial? Applicants with a credit score of at least 550 and up to 850 are eligible for GM Financial.

Which credit score is used the most?

Credit scores started to become an important factor for consumer lending in the 1970s. And in 1989 the most widely adopted credit score was created by the Fair Isaac Corporation and is now most often referred to by its acronym—FICO®.

What is FICO score used for?

Many creditors use FICO® credit scores to assess applicants, manage accounts, and determine rates and terms. A FICO® score is a three-digit number ranging from 300 to 850 (and up to 900 for some industry-specific scores).