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, Reduce your loan’s interest rate. Some lenders have minimum credit score requirements as low as 500.
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We’ve compiled a list of lenders that currently offer the best auto loan rates for both new and used cars. Some lenders have minimum credit score requirements as low as 500. Because when you finance a car it is a secured loan, they tend to come with lower interest rates than unsecured loan options like personal loans. Auto Refinance Rate Report August 2021 RateGenius.
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On The Bright Side, The Rates For Car Loan Refinancing Are Still Relatively Low For These Borrowers.
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