What credit score should you have to finance a new car?

A better question is %26quot;can you really afford that new car?%26quot; It sounds like you aren%26#039;t sure whether your credit is good enough or not. And that%26#039;s a sign that you are looking to buy more car than you can really afford.

New car loans tend to be longer term. So for the first few years, you will be upside down on that loan -- new cars take a big depreciation the minute you drive them off the lot. In a year or two when you are having trouble paying that car payment, you will be stuck.

Buy less car. Something that you can easily afford the payment and only needs to be financed for 2 or 3 years.

What credit score should you have to finance a new car?

A higher credit score gives you the best and lowest interest rate. If your credit score low, you can still finance a car, but you will have to pay more.

What credit score should you have to finance a new car?

less than 250 in the uk.