 TITLE: How Does Financing a Car Work? CONTENT: What Credit Score Do I Need to Finance a Car?\n---------------------------------------------\nThe credit score needed to qualify for a car loan varies based on the lender and the type of financing. Auto lenders may even differ in the credit scoring model they want to use to assess your creditworthiness. As a result, there isn't one set minimum credit score that all lenders require. That said, people with higher credit scores and longer credit histories can generally qualify for better loan terms and lower interest rates.\nIf your FICO® Score☉ is good or better, you should be able to qualify for favorable auto loans. A score in the \"fair\" range usually won't keep you from getting approved; however, it may mean you'll pay higher interest rates or have to make a bigger down payment. If you have a poor credit score or simply want to qualify for the best possible terms, spend some time working on your credit score before you apply for an auto loan. END