If you’re trying to get an auto loan with 600 credit score, you have come to the right spot. Around 8% of US consumers have a credit rating of between 550 and 600. Because this credit rating is viewed as “poor,” finding a car loan with a credit score in this range can be daunting. After all, not all loan providers work with people who have 600 credit scores. Specifically, to obtain a bank auto loan, you generally have to have a credit score of 720 or more – 600 seldom cuts it. For that reason we have partnered with a wide range of dealers and lenders, many of whom can accept car loans for people with lower credit scores – on the web!
Simply apply online, and a local loan specialist will be able to guide you through the process from end to end. You’ll experience the confidence and convenience of walking onto the dealer lot with your financing largely squared away, saving you hours of stress and haggle.
Getting Approved with a 600 Credit Score
Any time you would like to purchase a car or truck with poor credit, you really should get approved for your vehicle loan ahead of time, which you can do by applying online. When you do so, we work to match you with a local lending specialist based on details like:
- Your Geographical Area
- Your Credit Ratings
- How Much Money You Bring Home
- How Much Money Down You Can Offer
Here’s the truth: you’ll find no faster way to find the 600 credit score auto loan you need. Plain and simple.
Rates for People with 600 Credit Scores
It is impossible to determine what your car finance APRs should be, as this depend on a number of variables other than what your credit score is. However, listed below are some nationwide APR ranges:
- New Auto Loans: in excess of 17%
- Used Auto Loans: over 20%
Don’t forget: these are just general numbers for informational purposes, not advertisements. Your unique quotes could vary significantly, subject to criteria that include your region, loan duration, the amount you want, and tons of similar criteria.
How Much You Can Borrow
Generally, with a credit score in this range, you can finance 6-7 times your monthly gross income. Again, this varies based on all kinds of factors, and your results may vary. As a rule, it’s best to finance the least amount possible, for the shortest time period possible, and keep your monthly car payment to no more than 10% of your monthly income.