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What score range gets you 0.9%-4.9% financing on a new car?

New Contributor

What score range gets you 0.9%-4.9% financing on a new car?

You see all those commercials advertising super low apr's for qualified buyers.  Well, what is the score range to get approved for those rates?  700+ or more like 760+?
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3 REPLIES
New Member

Re: What score range gets you 0.9%-4.9% financing on a new car?

Well I also think it depends on the car you are getting.  According to a FICO change in approvals have bumped up the required FICO scores for certain vehicles.  Although GM has announced this apr range but they don't specify a required score.  Here's another link to mulitple manufacturers that are offering that apr range. 

 

Best of luck, I surely couldn't get those scores anyway!

 

Cheers

Message 2 of 4
Regular Contributor

Re: What score range gets you 0.9%-4.9% financing on a new car?

If you read the fine print on most ads they always have something like 750+ Fico but the super low APR's are usually for 3yrs or less so payments are going to be super high.


Starting Score: 8/2008 521
Current Score: 734
Highest Ever: 4/2009 759
Goal Score: 760+

Take the FICO Fitness Challenge
Message 3 of 4
New Contributor

Re: What score range gets you 0.9%-4.9% financing on a new car?

With Honda its 710+ auto enhanced fico, with Nissan its 700+ auto enhanced fico. The only way to pull your auto enhanced fico score is through a car dealership. The best thing to do is just fill out an application for credit after the finance guy agress to tell you the score.  I'm about 90 points away from there and as soon as I hit it I'll move over to get a better car for the same payment.
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