Auto Finance Rate Scores
700 and Above – Very good to excellent. You will have no problems getting a loan with a credit score of 700 or above. This is where the best rates are available.
680 to 699 – A credit score between 680 and 699 puts you in the “Good / Fair” category. Your rate and acceptance should be similar to what you would experience in the Very good to excellent category.
620 to 679 – Your credit score falls into the “Okay” category. You want your score as close to 679 as possible so you can get the best rates available. Closer to 620, and you are considered ‘par’.
580 to 619 – Your score isn’t in the ‘bad’ category yet, but if it falls in this category, you won’t qualify for the better ‘prime’ rates.
500 to 580– You are in the sub-prime scoring range. Your acceptance may require some extra work and higher rates.
499 and below – If your score is 499 or below, you are into the ‘bad’ category. We have many dealers that focus on scores in this range.