Do You Need Good Credit To Buy A Car -

Data based on reports from Experian and WalletHub for Q4 2025/2026.

While you do not strictly need "good" credit to buy a car, having it significantly reduces the cost and complexity of the purchase. You can secure an auto loan with nearly any credit score, but your score determines your interest rate (APR), required down payment, and overall loan terms. do you need good credit to buy a car

: A 100-point difference can change your monthly payment by $50 to $150 on a $25,000 loan. Data based on reports from Experian and WalletHub

: A borrower with a score in the 500s might pay over $11,400 in interest on a $20,000, five-year loan—more than double the $5,500 paid by someone with a score in the 700s. required down payment