Can I Get a Car with a 650 Credit Score? Find Out Now!

can i get a car with a 650 credit score

Can I Get a Car with a 650 Credit Score?

If you have a credit score of 650, you may be wondering if it’s possible to get a car loan. While a credit score of 650 is considered fair, it may still present some challenges when it comes to securing a car loan. However, it’s not impossible, and there are steps you can take to improve your chances of getting approved.

Understanding Your Credit Score

Before we delve into the specifics, let’s first understand what a credit score is and how it affects your ability to get a car loan. Your credit score is a three-digit number that lenders use to assess your creditworthiness. It is based on various factors, including your payment history, credit utilization, length of credit history, and types of credit used.

A credit score of 650 falls within the fair credit range, which means you may have a few negative marks on your credit report. Lenders may consider you a moderate risk, and as a result, you may face higher interest rates and stricter loan terms.

Steps to Improve Your Chances

While a credit score of 650 may not be ideal, there are steps you can take to improve your chances of getting a car loan:

  1. Check your credit report: Start by obtaining a copy of your credit report from the major credit bureaus. Review it carefully for any errors or inaccuracies that may be negatively impacting your score. If you find any discrepancies, report them and have them corrected.
  2. Pay off outstanding debts: Reduce your overall debt load by paying off any outstanding debts. This can help improve your credit utilization ratio, which is an important factor in determining your credit score.
  3. Make all payments on time: Paying your bills on time is crucial for improving your credit score. Set up automatic payments or reminders to ensure you never miss a payment.
  4. Consider a cosigner: If your credit score is still a concern, you may want to consider getting a cosigner with a higher credit score. A cosigner is someone who agrees to take responsibility for the loan if you default, which can help lower the lender’s risk.
  5. Save for a larger down payment: A larger down payment can help offset the risk associated with a lower credit score. By putting more money down upfront, you may be able to secure a better loan offer.

Explore Your Options

Now that you’ve taken steps to improve your creditworthiness, it’s time to explore your options for getting a car loan. Start by researching lenders who specialize in working with individuals with fair credit. These lenders may be more willing to work with you and offer more favorable terms.

Additionally, consider shopping around for the best interest rates and loan terms. Compare offers from different lenders to ensure you’re getting the best deal possible.


While a credit score of 650 may present some challenges, it is still possible to get a car loan. By understanding your credit score, taking steps to improve it, and exploring your options, you can increase your chances of getting approved for a car loan. Remember, patience and persistence are key, and with time, you can work towards improving your credit score and achieving your goal of owning a car.



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