Is 710 a Good Credit Score to Get a Car Loan?
The car financing process can be intimidating, especially to first-time buyers, and many customers worry that they aren’t competitive enough to secure financing in St. Louis. So, is a credit score of 710 good or bad if you want to buy a new car? You’re in luck! A 710 credit rating is considered “Good.” That means you are likely to have more success finding a great deal. Let’s go through the basics of auto financing and credit scores, so you can start the shopping process with total confidence.
Why Does My Credit Score Matter?
Your credit score plays a big role in your auto financing success. The higher your credit score, generally the better your chances are of getting a good deal on your next vehicle. But is 710 a good credit score? FICO® Scores are used by many lenders to establish whether you’re a good candidate for a loan or lease, and the range is as follows:
- Exceptional: 800 – 850
- Very Good: 740 – 799
- Good: 670 – 739
- Fair: 580 – 669
- Very Poor: 300 – 579
So as you can see, a 710 credit score is considered “Good.” That can be a huge advantage when applying for financing!
How Do I Boost My Odds?
So you have a 710 credit rating and you’re trying to secure that dream car. How do you improve your chances?
- Research: There are so many different lenders in Herculaneum and Florissant, so don’t be afraid to shop around. Green Light Auto Credit’s ideal credit range is 600, which means a 710 credit score is extremely favorable when you work with us, but other lenders might have different criteria.
- Negotiation: Options like upping your down payment, getting a co-signer, and negotiating terms can greatly influence your financing package. Be sure to ask questions and fight for the deal you deserve.
- Background: While a 710 credit rating is fantastic, now is a good time to double check your credit score for errors and small debts that are easy to pay off. This can add a few points to your current credit score – which can have a big impact on your budget!
Find Out More with Green Light Auto Credit
Now that you know is a credit score of 710 good or bad, it’s time to get one step closer to the car of your dreams! Contact us at Green Light Auto Credit to start the financing process on the right foot.
