Will a 614 Credit Score Get Me an Auto Loan?

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Q: I am expecting to try for an auto loan over the next few weeks, although I only have a 614 credit score. Will I be able to get a car loan, or will it be declined everywhere I try?

A: It’s entirely possible to successfully request an auto loan with a 614 credit score. Think carefully about this information from the guys at Experian:

Believe it or not, Experian confirmed that vehicle loans for people with credit scores below 614 characterized 20% of all auto loans in 2019!

With a credit score of around 614, you will have the best chance of qualifying for that loan if you submit a request for vehicle loans online. Using this strategy means it is actually possible to compare all the prices from a huge array of providers and will also be dealing with lenders that are far more accommodating in regards to approving borrowers with low credit scores. If you are not certain where to start, inspect our handy list of companies.

Up to $50,000
Individual rates
Bad credit
Loan Terms
6 months to 6 years
Required Credit Score
Up to $35,000
Starting at 6.90%
Bad credit
Loan Terms
2 months to 7 years
« Show more alternatives »

The same answer works well for auto loans for people with credit score 615, 616, 617 and 618.

Though you are able to put in a successful application for a personal loan or an auto loan with a low credit rating, the negative aspect is that interest rates are often much higher. It is possible that you could receive a more affordable rate if you’re able to put an advance payment down on the car in question. You can also have a bash at elevating your current FICO score.

Improve your credit score and interest rate

Listed here are some techniques for possibly maximizing your credit score before you apply for a car / auto loan:

  • Credit cards, cut down your credit amount to below thirty percent.
  • Get registered on Experian Boost to have your phone and utility bill payments counted towards your credit score.
  • Many loan providers are willing to forgive one-off mistakes and get them removed from your credit history. Check if this is applicable where you’re concerned.
  • Request your free credit reports, examine them for mistakes and challenge any you come across.
  • Pay off as many bills and outstanding debts as you can.