What Is The Minimum Credit Score To Buy A Car Apr 2026

However, your score significantly dictates your interest rates and loan terms: Key Credit Score Benchmarks

You can likely get approved, but expect higher interest rates, often between 9% and 15% depending on if the car is new or used. what is the minimum credit score to buy a car

According to recent reports from Experian , most successful borrowers have scores well above the bare minimum: Average score of 753 . Used Car Loans: Average score of 689 . Estimated APR by Score Range Credit Score Tier New Car APR (Avg) Used Car APR (Avg) Super-prime Prime Near-prime Subprime Deep Subprime Data sourced from Experian and Bankrate reports. Options for Lower Credit Scores but expect higher interest rates