What Credit Score is Needed to Finance a Car?

Our finance center gets questions about what credit score is needed to finance a car and what bad credit car finance options are available to them in Orfordville. Well, the good news is that you can explore plenty of bad credit car finance options to get financing on your next vehicle. 

The finance team at Drive Burtness has put together compiled a quick guide on credit scores to finance a car to help you see where you land and what options you can take advantage of. Regardless of whether you’re still deciding on buying a new or used car, Drive Burtness is here for your financing needs! 

Average Credit Score to Finance a Car

So what’s the average credit score to finance a car around Whitewater? Based on the still relevant numbers from 2020, the average credit score of drivers who bought a vehicle in 2020 for a new car was 721 and 657 for a used car. Bad credit car finance loans will most likely still be available to drivers who have poor credit. However, the lower the credit score, the higher the interest. Here is the breakdown of credit scores to finance a car:

• Superprime: 781 to 850
• Prime: 661 to 780
• Non-prime: 601 to 660
• Subprime: 501 to 600
• Deep Subprime: 300 to 500

How to Get Car Financing With Bad Credit

So, what credit score is needed to finance a car? It depends on the vehicle you select. Orfordville drivers with little to no credit can secure a bad credit car finance loan, but keep this information in mind: 

• Focus on Positives: Demonstrate positive financial decisions you’ve made to have a better chance at securing your loan. For example, show that you’ve never missed a credit payment even if your credit score is a bit low. 
• Bring Proof: Come prepared with pay stubs, proof of address, cell phone bills, auto insurance documents, and proof that you’re currently working. 
• Show Collateral: If you own a home in Janesville or can put down 25% of the loan as your down payment, you’ll likely get a good interest rate and qualify. 

Explore Bad Credit Car Finance Options at %di_name%%

Now that you know the proper credit score to finance a car, we can help you with other steps of the purchasing process like deciding on a new or used vehicle. Contact us at or reach out online to get started!