Can I buy a car with 736 credit score?

Asked by: Dr. Gay Medhurst DVM  |  Last update: August 30, 2023
Score: 5/5 (54 votes)

736 credit score car loan options
A 736 score should easily secure you a car loan. On average, your score should get you an interest rate between 3.6- 4.6 and between – and 6 percent on a used car. Scores above 720 are more likely to net you the lower percentage rates.

What can I do with a 736 credit score?

A 736 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.

Is 736 a good vantage score?

A credit score of 736 means that your credit reports show that you usually pay your bills on time. It indicates to lenders that you're a low-risk borrower. In FICO and VantageScore, the main scoring models used by US credit bureaus, 736 is classed as a “good” credit score.

How high should credit score be to buy a car?

In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

Can you buy a car with a credit score of 720?

A 720 credit score is definitely good enough to get a car loan. Most lenders require a minimum credit score of 661 to get approved. Yours is well over that (and very impressive!) so you should have no problem.

Credit Scores for Buying a Car: Current Tiered Rates & Scores (Former Dealer Explains)

16 related questions found

Can you get a car loan with a 725 credit score?

A 725 score should easily secure you a car loan. On average, your score should get you an interest rate between 3.6- 4.6 and between – and 6 percent on a used car. Scores above 720 are more likely to net you the lower percentage rates.

Is 730 a good credit score to buy a car?

According to Credit Karma, a 730 credit score is considered good. Although it's not in the top tier, it's definitely strong enough to garner consideration for a car loan at a good interest rate.

What credit score is needed for a 2021 car?

The recommended credit score needed to buy a car is 660 and above. This will typically guarantee interest rates under 6%.

Is 725 a good credit score?

A FICO® Score of 725 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 711, falls within the Good range.

How much of a car loan can I get with a 700 credit score?

A 700 credit score puts you firmly in the prime range of credit scores, meaning you can get a competitive rate as long as you shop around, have good income, and have a solid debt-to-income ratio. A 700 credit score gets an average car loan interest rate of 3% to 6% for new cars and 5% to 9% for used cars.

Can I buy a house with 736 credit score?

A 736 credit score is a good credit score. The good-credit range includes scores of 700 to 749, while an excellent credit score is 750 to 850, and people with scores this high are in a good position to qualify for the best possible mortgages, auto loans and credit cards, among other things.

How is a 740 credit score?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 740 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

Is a 763 credit score good?

Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 763 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders. 25% of all consumers have FICO® Scores in the Very Good range.

Is a 750 FICO score good?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 750 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

What is the most average credit score?

The average credit score in the United States is 698, based on VantageScore® data from February 2021. It's a myth that you only have one credit score. In fact, you have many credit scores.

What is an excellent credit score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is a 735 credit score good?

A FICO® Score of 735 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 711, falls within the Good range.

Can I get a mortgage with a 715 credit score?

A 715 FICO® Score is considered “Good”. Mortgage, auto, and personal loans are relatively easy to get with a 715 Credit Score. Lenders like to do business with borrowers that have Good credit because it's less risky. It gets even better.

What can I do with a 729 credit score?

What can I do with a 729 credit score? As 729 is a good credit score, you should not be limited in your loan options. You'll likely easily qualify for most credit cards, personal loans, auto loans, lines of credit and more.

What FICO score do car dealers use?

FICO Auto Score has several versions. Most auto lenders use FICO Auto Score 8, as the most widespread, or FICO Auto Score 9. It's the most recent and used by all three bureaus. FICO Auto Score ranges from 250 to 900, meaning your FICO score will differ from your FICO Auto Score.

What is the minimum FICO score to buy a car?

There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.

What is considered a high car payment?

According to experts, a car payment is too high if the car payment is more than 30% of your total income. Remember, the car payment isn't your only car expense! Make sure to consider fuel and maintenance expenses. Make sure your car payment does not exceed 15%-20% of your total income.

What loan can I get with a 735 credit score?

As 735 is a good credit score, you should not be limited in your loan options. You'll likely easily qualify for most credit cards, personal loans, auto loans, lines of credit and more.

Can I buy a car with 740 credit score?

With a score of 740 to 749, you are in the second-best credit score range for auto loans and you will pay relatively low interest rates. If your score is between 740 and 749, it's worth spending some time building up your credit in order to move into a “superprime” range.

What credit limit can I get with a 750 credit score?

The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.