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Just curious, are these Auto FICO scores pretty good?

LazarusLong
Contributor

Just curious, are these Auto FICO scores pretty good?

Looking at a FICO Auto Score 8 of 711 and FICO Auto Score 2 of 697

 

According to Experian that puts us into the "Good" category - I assume we'd be able to get pretty decent rates?  At what point would the next jump be?

 

Thanks.

AAoA = 6.8 yrs
AoOA = 22.6 yrs
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blindambition
Community Leader
Senior Contributor

Re: Just curious, are these Auto FICO scores pretty good?

They might not get you best rate, but not bad. Depending on manufacturer, top tier would be 730ish. Some won't even use auto model. Some manufacturers like Ford will get better terms on repeat buyers/leasers.

If your DTI is in line, a better rate may be through a CU loan.

Message 2 of 3
BrutalBodyShots
Super Contributor

Re: Just curious, are these Auto FICO scores pretty good?

Depends on the lender, whether they even use those scores and if so, what their tier system looks like.  They aren't all created equal, so it's best to talk to them directly to see how they work the numbers.

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