How important is auto score?

[Anonymous]

I've had one car loan on a used car around 10 years ago from a mom and pop place. It was paid on time and paid off so no issue but it never showed up on my credit reports. 

I'm in the market now for a used car, not very expensive. Would it be beneficial enough to maybe finance part of it to build car credit? 740 credit score, not perfect but good overall 

[Brian_Earl_Spilner]

The score itself isn't as important as showing you can make substantial payments over a long period of time. If you have a mortgage, it'd probably be negligible. I have a flawless auto loan history and my scores are lower than my fico8s

[KLEXH25]

Do you have any other loan history (student, mortgage, etc.)? If you're planning to pay cash for the car anyway, a loan may or may not be beneficial in this case. Especially if it's an older car with higher mileage, which will equate to a higher interest rate. If it's a newer used car, then it may be worth looking into. Otherwise, you can save it for another time / newer vehicle.