What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?

What if you have three different credit scores from experian, transunion and the other one. Which score will finance companies look at for auto loans?

What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?
Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...





The low rate 0.99% to 3.99% generally require 720-740+ scores, depending on the offer. Otherwise for normal rates, you can get an excellent rate and even rather poor scores IF you have always paid your auto loans on time. There IS such a thing as an auto credit score, different from a consumer score or a mortgage score, or a landlord score.





In my newspaper column, I recommend staying AWAY from finance companies at ALL costs. Like Wells Fargo FINANCIAL, Drive FINANCIAL, etc.





Try a credit union you can join, your bank is a choice, and even Capital One Auto Finance seems OK for a lot of people.





As to which score? That cannot be predicted always, but you can ask ahead of time. At my own bank, they randomly select which bureau to use by computer.
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Reply:Each application differs from companies to companies. I suggest you check with the loan company. Loan amount and interest are based on your repayment capability 7 tenure of the loan.
Reply:It's kind of a crap shoot. You have to have at least a 720 FICO score to get the best interest rate. If there is a huge disparity between your three FICO scores, you should pull your credit report from all three (to make sure one of them is not dinging you with a past issue that has been resolved). If you find that there is a discrepancy, dispute it in writing. I wouldn't try to apply for the loan until any discrepancies were resolved. Unless you want to pay a higher interest rate. Another way around it, if you need the auto immediately, is to have a relative with great credit co-sign for you. I'm not really a fan of this option b/c it can cause bad blood in your relationship. If you screw up on the payments, then the co-signer's credit is on the line. So, you need to make sure you can afford the car and all the responsibilities that come with it. Suze Orman has a great website that can help you out a lot. I listed it below. Good luck!
Reply:the higher the better
Reply:when going for a house loan or a auto loan. 99% of all banks will pull all three credit scores and they will base there decision on the middle score as well as mannually review your credit reports. my father who had 620 score but no bk got a 5% intrest rate on his car i on the ohter hand had a 660 but had a bk from 7 years ago. my interest rate was 11%





for a decent rate your score should be around 700 but your milage will vary..
Reply:620 will get you a decent rate. 700 and above will get you prime rate (or the lowest rate) available.