| Credit scores can be broken down into a few | | | | people that have prime, good, sub-prime, bad and |
| categories: | | | | poor credit. Finding the right lender is all that you |
| - Prime | | | | need to get approved. There is no direct answer |
| - Good | | | | to the minimum credit score for an auto loan. All |
| - Sub-Prime | | | | lenders are different. |
| - Bad | | | | Fortunately, if you have bad credit, you can get |
| - Poor | | | | approved for a new or used car and your |
| So what is the actual credit score needed to get | | | | payments are based on your monthly income. It's |
| a car loan? | | | | very simple to obtain a car loan if you have a low |
| The answer isn't quite that simple. Regardless of | | | | credit score and getting approved with lenders |
| your credit, you can get approved for a car. It's | | | | that operate online is much faster than using a |
| just a matter of using the right lender that fits | | | | local bank, credit union or car dealership. |
| your credit situation. You can get approved based | | | | Believe it or not, new cars are just as easy to |
| on your income through special finance companies | | | | get if you have bad credit. It just depends on the |
| that offer their services online. There are real and | | | | make, model and the amount financed. If you can |
| legitimate lenders online that cater to helping | | | | get approved easily for a $18,000.00 used car, it's |
| people of all credit scores. | | | | even easier to get approved for an $18,000.00 |
| It depends on the lender... | | | | new car. The minimum credit score to get |
| There are lenders that specialize in working with | | | | approved through special finance online is 480. |