Will a 710 Credit Score Get Me an Auto Loan with a low interest rate?

Go to best loans »

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

Q: I need to put in an application for an auto loan this week and I only have a credit score of 710. Will that be high enough to obtain a car loan with low interest?

A: It’s certainly possible to successfully apply for an auto loan with a credit score of 710 and get a low interest rate. Think carefully about this finance data which comes directly from Experian:

If you’ve a credit score near to 710, you’re going to have the best prospect of being eligible for that loan if you submit a request for vehicle loans online. Doing so makes it easy to do a comparison of prices from a huge assortment of providers. If you are not sure how to start, check out our services list.

Required Credit Score
550
Amounts
Up to $35,000
APR
Starting at 6.90%
Bad credit
Allowed
Loan Terms
2 months to 7 years
« Show more alternatives »

Exactly the same solution applies for auto loans for people with a credit score of 711, 712, 713, 714, 715, 716, 717, 718 and 719.

How you can improve your interest rate and credit rating

Although you may make a successful request for an auto loan or personal loan with a 710 credit score, it’s possible that you may receive a slightly more affordable interest rate if you pay a larger deposit on the car. You might also have a bash at elevating your own FICO score.

Listed below are some tips for perhaps maximizing your credit score when you need to apply for an auto / car loan:

  • Credit cards, reduce your credit amount to less than 30%.
  • Sign up to Experian Boost to get your telephone and utility payments to count towards your credit score.
  • Certain loan providers are prepared to excuse one-time slip-ups and wipe them from your credit history. Find out if this can be applied in your case.
  • Get on top of as many bills and outstanding debts as possible.
  • Obtain free credit reports, examine them for errors and contest any you come across.