What Credit Score is Needed to Finance a Car?

When you’re shopping around Delaware and Worthington for your next vehicle, you may be considering financing but wondering, “What credit score is needed to finance a car?” While it can be easy to overthink and stress since your credit score can affect your APR or even whether you qualify for a loan in the first place, there are a range of credit scores that you can fall into that, which will be promising when considering your financing options. Whatever your situation is, Byers Kia is here to offer some insight into the credit score needed to buy a new car.

Average Credit Score Needed to Buy a Car

While the average credit score needed for an auto loan on a new car was 655 to 714, credit scores are broken down into several categories enabling drivers to obtain a loan whether they have a higher or lower credit score. If you do have a higher credit score, you’ll have peace of mind knowing that you can expect a lower interest rate. See the credit score categories below to see where you land:

  • Superprime: 781 to 850
  • Prime: 661 to 780
  • Nonprime: 601 to 660
  • Subprime: 501 to 600
  • Deep Subprime: 300 to 500

How to Get Car Financing With Bad Credit

You can still get quality financing even if you don’t have the best credit score, as this can be a great time to reassess your finances begin to build up your credit again. Follow these simple steps to get your credit score back on track and get the financing that meets your needs:

  • Focus on Positives: People with bad credit can often get a car finance loan by demonstrating positive financial actions. If your poor credit score comes from a business debt but you’ve never missed a car payment, lenders might be more lenient.
  • Bring Proof: You’re more likely to get financing if you can show pay stubs, proof of address, cell phone bills, auto insurance documents, and proof that you’re currently working.
  • Show Collateral: If you own a home or are able to put down a substantial down payment (at least 25%), you’re far more likely to qualify for auto financing and get a good interest rate to boot.

Find Great Kia Finance Deals at Byers Kia

After learning about what credit score is needed to finance a new car, you can check out more Kia finance features like buying a used car vs. buying a new car, or the benefits of purchasing your next vehicle from Byers Kia. Browse our inventory of new Kia models for sale, and count on our finance team to break down all of your financing options and get the process started. Contact us today for more information, or to schedule a test drive and a visit to our showroom near Columbus!

More from Byers Kia

  • 2019 Kia Sorento Towing Capacity

    When you’re looking for a durable SUV that can handle the jobsite and carry along your equipment for your next trip out of town, then check out the 2019 Kia Sorento towing capacity. The new Kia Sorento offers a strong engine configuration to ensure your towing jobs around Delaware and Worthington run smoothly and efficiently….

  • 2020 Kia Soul Reviews

    If you’re shopping around Delaware and Worthington for a modern and reliable sedan that’s sure enhance your commute, then check out the 2020 Kia Soul. Some of the auto industry’s most reputable sources are praising this model’s design, interior features and space, warranty, and much more. See if the critics can convince you to get…

  • What is the Kia Sorento Safety Rating?

    Both the NHTSA and IIHS have awarded the 2019 Kia Sorento their top safety marks and awards after extensive crash-testing. If drivers in the Delaware area are asking, ‘What is the Kia Sorento safety rating?’, they’re going to be impressed by its ability to protect occupants and its long list of standard safety features. Learn More…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(888) 380-2230

Call Now

5342 Columbus Pike • Lewis Center, OH 43035

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Byers Kia

5342 Columbus Pike Lewis Center, OH

Phone: (888) 380-2230

http://maps.google.com/?q=5342%20Columbus%20Pike%2C%20Lewis%20Center%2C%20OH%20430

Parts

Phone: (888) 346-0673

5342 Columbus Pike Lewis Center, OH

Sales

Phone: (888) 380-2230

5342 Columbus Pike Lewis Center, OH

Service

Phone: (888) 319-5127

5342 Columbus Pike Lewis Center, OH
40.218094 -83.034350
[schema type="organization" orgtype="LocalBusiness" url="www.byerskia.com" name="Byers Kia" description="" street="5342 Columbus Pike" city="Lewis Center" state="OH" postalcode="43035" country="US" email="info@byersauto.com" phone="(888) 380-2230" logo="https://di-uploads-development.dealerinspire.com/byerskia1/uploads/2018/10/ByersKia.png"]
Byers Kia
Byers Kia
5342 Columbus Pike
Lewis Center, OH, 43035 US
(888) 380-2230
https://di-uploads-development.dealerinspire.com/byerskia1/uploads/2018/10/ByersKia.png
Byers Kia 40.218094, -83.034350.