What credit score is needed to finance a vehicle for the first time?

This is what I do for a living.

And the real answer is you do not even have to have a score.

I have lenders that will approve people with no scores as long as they have been on their job and at their residence for over 1-year and have no derogatory credit and $1,000.00 for a down payment.

Now if you are wondering about getting the best rate? Chrysler requires a 680 score to get their best rates.

What credit score is needed to finance a vehicle for the first time?

What price range car are you looking at? and do you have a down payment?

You may be able to qualify if your CS is as low as the low 600%26#039;s, but you%26#039;ll need a down payment. Keep in mind interest rates rise in proportion to your credit score.

What credit score is needed to finance a vehicle for the first time?

if you pay at least 20% down on a car thats at least 10k then a credit score of 520 or better is all you need

you will of course be charge an outrageous amount of interest but thats the price you pay for beginning credit. once you have that paid off then your credit will be established and your interest rates will plummet and you will be able to buy any car you want