Will a 660 Credit Score Get Me an Auto Loan?

Go to best loans »

Advertiser Disclosure: CompareAuto.loan may receieve compensation for the products listed. Read our full Advertiser Disclosure

Q: I have plans to submit an application for an auto loan soon, although my credit score is only 660. Will that be high enough to obtain a car loan, or am I likely to be refused wherever I try?

A: It is entirely possible to successfully get an auto loan with a credit score of only 660. Look at this data from Experian:

In fact, Experian made it clear that vehicle loans for car buyers having credit scores of under 660 characterized twenty percent of all auto loans during 2019!

If you’ve got a credit score somewhere around 660, you will definitely have the best luck being approved for car finance if you submit an application for vehicle loans online. Using this approach will make it simple to compare all the offers from a broader diversity of lenders and you will be working together with businesses that are a lot more flexible when it comes to authorising borrowers with low credit. If you’re not certain how to begin, look at the following 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 »

Exactly the same solution is valid for auto loans for borrowers with credit score 661, 662, 663 and 664.

Although you can put in a successful application for a personal loan or auto loan with a dismal credit standing, the flipside is that you will be charged a much higher interest rate. You could get a slightly more competitive rate if you pay a more substantial deposit on the car in question. Also you could have a go at enhancing your own FICO score.

How to improve your interest rate and credit rating

Here are some suggestions for possibly improving your credit score when you need to apply for an auto / car loan:

  • Request free credit reports, check them for mistakes and dispute any that you uncover.
  • Get on top of as many debts and bills as possible.
  • Many loan companies are prepared to excuse one-time mistakes and get them removed from your credit history. See if this is relevant in your situation.
  • Join Experian Boost to get your utilities and telephone bill payments to count toward your credit scores.
  • Credit cards, lower your credit amount to below thirty percent.