What credit score do I need to finance a vehicle?
Lenders review your full credit profile—including score, report, income, and debt—when determining auto loan terms. While higher credit scores often secure better rates, borrowers with less-than-perfect credit can still qualify. Adding a co-signer with good credit may improve your approval chances and loan terms.
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Answered by Annie Brockway
Last updated 12/5/2025, 3:49:00 PM
Lenders consider your entire credit profile—score, report, income and debt—to determine loan terms. There’s no fixed minimum score; higher scores generally qualify for lower rates, but borrowers with less‑than‑perfect credit may still be approved, possibly at higher rates.
A co‑signer with good credit can sometimes help you obtain a better rate. Lenders cannot require a co‑signer unless you’re applying for joint credit.
- Factors reviewed: Credit history, debt‑to‑income ratio, employment stability
- Prime borrowers: Tend to qualify for the most favorable rates
- Co‑signer option: May improve approval odds and rates
General Sales Manager, El Cajon Mitsubishi
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