Is 665 a Good Credit Score?
If you’re in the market for a new car, your credit history and finances are likely on your mind since both will play a role in your financing journey. So is 665 a good credit score for a car loan? 665 puts you right on the line for the prime loan range, making it a solid score for buying a car. Let’s dive deeper into whether a 665 credit score is good or bad and other car buying tips from Green Light Auto Credit.
665 Credit Score: Good or Bad?
The credit score scale ranges from 300-850, and depending where you land, you could be considered anything from a “poor” borrower to an “excellent” borrower. While having a higher credit score can help you lock down better rates and terms, 665 is a still good credit score for a car loan.
Why? A 665 credit score puts you just above average, positioning you for a prime loan. A prime loan is more ideal than a subprime loan as it should provide more desirable interest rates. Experian breaks down the loan rates as so:
- 781-850: Superprime loan at 3.65% (new) or 4.29% (used)
- 661-780: Prime loan at 4.68% (new) or 6.04% (used)
- 601-660: Nonprime loan at 7.65% (new) or 11.26% (used)
- 501-600: Subprime loan at 11.92% (new) or 17.74% (used)
- 300-500: Deep subprime loan at 14.39% (new) or 20.45% (used)
Is 665 a good credit score? For most, this is a solid credit score that allows for responsible borrowing at terms that won’t break the bank. Working with a reputable lender such as Green Light Auto Credit will help you find financing that works for you!
Is 665 a Good Credit Score For a Car Loan?
A 665 credit score is good, though it’s always in your best interest to raise your score as high as possible. Staying on top of your credit history report and managing your debt-to-earnings ratio are vital steps on how to improve your credit score.
It’s important to work with a financial team that understands your circumstances and can work with you to find a deal that makes sense for you. At Green Light Auto Credit, our friendly, experienced team is here to help you get into a good car for a good price, and we’ll work together to ensure 665 is a good credit score for a car loan.
Buy a Car with a 665 Credit Score at Green Light Auto Credit!
Is a 665 credit score good or bad? At Green Light Auto Credit, it’s good! We work with those with less-than-perfect credit to secure auto financing and we can help you too. Contact us to get started today.
