Is it realistic to get an auto loan with a FICO score of 650?

I had some credit problems in the past and most of the negative items will be removed from my credit report in less than 6 months. My current score is 605 and I expect it to be at least 650 by next summer (perfect timing, since I'll need a new vehicle by then). My understanding is you can still get a high-interest loan with about a 625 score. But, how much lower would that rate be with a score of 650? I intend to borrow in the range of $13-$15,000 at 60 months.

Is it realistic to get an auto loan with a FICO score of 650?

my score was 630 when i got my auto loan for a brand new car for $24,000 with $2,000 down for 72 months... i got 11.9% interest rate... good luck! =)

Is it realistic to get an auto loan with a FICO score of 650?

definately. thats a decent score. your apr may not be the lowest but you will get one

Is it realistic to get an auto loan with a FICO score of 650?

You may be able to get a loan at a reasonable interest rate at www.prosper.com Read about How to become a borrower.

Also, do not buy a new car, buy a used car for less than $ 4000 that you can drive for awhile while you get your FICO score Up

Go to www.daveramsey.com and follow his advice on buying a used car.

Is it realistic to get an auto loan with a FICO score of 650?

I think you can, but maybe it would be easier if you scaled down to 6-8k for 36 months. They would be more likely to write the paper for the lower risk and you would have a shorter obligation.

Is it realistic to get an auto loan with a FICO score of 650?

What you should do, is save up about 25-50% of the price of the car and go to your bank and ask for a loan through them. They will give you the best interest rate, and if you have a good chunk down, they may overlook some less-than-spiffy things on your credit report. If your credit is anything but stellar, do not finance through a dealership, they will totally rip you off unless you have excellent credit. Your bank will give you a better rate.

Make sure you pay all of your bills on-time and your score will improve even further. If you have any open credit cards, don't use them, but don't cancel them either. Part of your score is determined by a ratio of the outstanding balances that you have to the amount of available credit.

Is it realistic to get an auto loan with a FICO score of 650?

check out www.callusfirstfinance.com to see what the providers are after they are some non bank lenders on the panel good luck

Is it realistic to get an auto loan with a FICO score of 650?

Yes, you're in a good range to get a decent loan. You should be fine.