Credit Score Ranges are designed to help auto loan companies forecast how risky it may be to lend you money on your new car. That is the simple fact. It's the truth.
66% of Americans have a Good FICO® Score or better.
34% of Americans have a FICO® Score that is Fair or Very Poor.
High credit scores indicate a better chance of you paying off the car loan at the end of the term (which is the reason the bank is in the auto lending business). Lower scores, in turn, indicate greater risk.
But, we can help get you approved for auto financing with our experience and strong banking relationships with the top auto lenders in the NJ tri-state area.
See if you pre-qualify for auto financing: pre qualify without hurting credit