Established Member
Posts: 27
Registered: ‎06-20-2009

Can I get a car loan with a 615 Fico score?

Hi Guys,

I was wondering if its possible to get a car loan with a 615 Fico score and how hard is it to find? (I won't go into how my score got to this point, its a long and a headache of a story). I'm planning on getting a used 06 Mercedes Benz SLK as a present for my wife and I'm planning on putting $10K down. car cost about $25K-$27K, so I'm putting more than 1/3 down, so will that help? I know the interest rate will be horrid but thats the least of my worries right now as I'm planning on paying it off asap anyways since I make $90K a year but since I just started my job 3 months ago as a physical therapist and used most of the money I earned so far to pay for my tuition loan, I can't really paid the entire 28K outright which is why I need a loan. I can prove that I can easily make the monthly payments as well. I know lately credit is extremely tight and I heard even people with 700 scores are getting turned down. So the score is what worries me. Please give me an insight on this. Thanks!
Super Contributor
Posts: 5,702
Registered: ‎10-06-2007

Re: Can I get a car loan with a 615 Fico score?

Welcome to the forum.  I would get a copy of your CR and takr it to a local CU and see if they would finance you based on whats in your report.  They may not tell you but it wont cost you an INQ.


There are many smart people here in the forum who could help you to raise your score, so post info on the negative stuff on your CR aso they can help.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Established Member
Posts: 10
Registered: ‎05-17-2008

Re: Can I get a car loan with a 615 Fico score?

I think you will be approved.  Putting $10K down is very good, but it will depend on how much debt you have.

I don't know if your CU will approve you, but chances are better with 10K down.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+