Index
SALES: (812) 299-4505
13350 S US Highway 41, Terre Haute, IN  47802
Contact Information

What Is A Bad Credit Score For Buying A Car?


Image

What Is A Bad Credit Score For Buying A Car?

If you’ve been browsing used cars for sale or if you plan on buying one, you likely know that qualifying for an auto loan revolves heavily around credit scores. With this being said, you may be wondering what is good and bad in terms of credit scores for auto loans. At Terre Haute Auto, we have years of experience as one of the most reliable Terre Haute car dealers. With this experience, we have developed a lot of knowledge about car loans and how credit scores factor into them. For this reason, we have compiled a list below that describes credit scores for car loans.

1. Credit Tiers

Before you decide to finance a new or used car for sale, you should get acquainted with the credit tiers used to determine loan eligibility. Each credit tier is a set range that affects the percentage of interest on a loan for used cars near you. The higher the credit tier, the lower the interest and the better the benefits. If you take a look at the following list, you can see every credit tier with the credit scores that define them and the average interest rates for each according to Experian:

  • Superprime (781-850): 3.61%
  • Prime (661-780): 5.38%
  • Nonprime (601-660): 9.8%
  • Subprime (501-600): 15.96%
  • Deeper Subprime (300-500): 19.87%

2. Bad Credit Buying Solutions

Whether you are shopping with Terre Haute car dealers or auto dealers anywhere else, if you find yourself in the subprime tier or lower, you may find it difficult to qualify for car loans. Fortunately, however, there are solutions out there for people with bad credit in search of used cars for sale. In fact, dealerships, such as Terre Haute Auto’s Terre Haute Auto’s car lot near Terre Haute hope that this list helps to inform you about how credit scores factor into financing a vehicle. Typically, a bad credit score is defined as anything within the subprime tier or lower. If you find yourself in one of these tiers, you can use the list above to help you get out of a bad credit situation. Along with this, if you have any questions about auto financing or if you are interested in test driving a vehicle, you shouldn’t hesitate to contact us at Terre Haute Auto or any dealership near you.

Page  1  2
Exterior: 
Silver
Interior: 
Black 
Mileage:
107,710
Engine:
4cyl, 2.0L, 173.0hp
Cab Type: 
4dr Car
Model #: 
D1522F45
VIN:
KMHD35LH0FU237401
Stock #:
102158
  
$12,900
DESIRABLE FEATURES: Include Htd Seats, Alloy Wheels, Bluetooth, Remote Entry, Sirius XMThis front wheel drive 2015 Hyundai Elantra GT Hatchback 5dr HB Auto features a Shimmering Silver exterior with a Black interior and has only 107,710 miles.INTERIOR OPTIONS: Cloth Seats, Cargo Shade,...   Read More
Exterior: 
Blue
Interior: 
Gray 
Mileage:
96,014
Engine:
4cyl, 2.0L, 147.0hp
Model #: 
C3422
VIN:
3KPFL4A79HE132150
Stock #:
102169
  
$14,900
DESIRABLE FEATURES: Include Bluetooth, Sirius XM, Remote EntryThis front wheel drive used 2017 Kia Forte LX features a Deep Sea Blue exterior with a Gray interior and has only 96,014 miles.INTERIOR OPTIONS: Cloth Seats, Pass-Through Rear Seat, Bucket Seats, Adjustable Steering Wheel, Air...   Read More
Exterior: 
Silver
Interior: 
Titan Black 
Mileage:
77,902
Engine:
4cyl, 2.0L, 115.0hp
Model #: 
1634J3
VIN:
3VW2K7AJ6FM422988
Stock #:
102206
  
$14,900
DESIRABLE FEATURES: Include Bluetooth, Remote Entry, Push Button StartThis front wheel drive used 2015 Volkswagen Jetta 2.0L S w/Technology features a Silver (reflex Silver Metallic) exterior with a Titan Black interior and has only 77,902 miles.INTERIOR OPTIONS: Cloth Seats, Bucket Seats,...   Read More
Exterior: 
Black
Interior: 
Charcoal Black 
Mileage:
78,283
Engine:
4cyl, 2.0L, 160.0hp
Model #: 
P3H
VIN:
1FADP3H29HL339134
Stock #:
102109
  
$15,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Remote Entry, Premium Audio, Sirius XM, Auto Climate ControlThis front wheel drive used 2017 Ford Focus SEL features a Shadow Black exterior with a Charcoal Black interior and has only 78,283 miles.INTERIOR OPTIONS: Power Sun/Moonroof, Cloth...   Read More
Exterior: 
Red
Mileage:
139,577
Engine:
6cyl, 3.6L, 305.0hp
Model #: 
1GZ69
VIN:
2G1165S34F9285980
Stock #:
102118
  
$16,900
DESIRABLE FEATURES: Include Alloy Wheels, Rear Camera, Leather, Htd Seats, Blind-Spot Monitor, Remote Start, Bluetooth, Remote Entry, Sirius XM, Push Button Start, Auto Climate ControlINTERIOR OPTIONS: Rear Heat / AC, Leather Wrapped Steering Wheel, Power Drivers Seat, Adjustable Lumbar Seat(s),...   Read More
Exterior: 
Silver
Interior: 
Gray 
Mileage:
104,993
Engine:
6cyl, 3.6L, 323.0hp
Model #: 
1EF37
VIN:
2G1FD1E33F9184199
Stock #:
102013
  
$17,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Sirius XM, Remote EntryThis rear wheel drive 2015 Chevrolet Camaro LT features a Silver Ice Metallic exterior with a Gray interior and has only 104,993 miles.INTERIOR OPTIONS: Power Drivers Seat, Leather Wrapped Steering Wheel, Cloth Seats,...   Read More
Exterior: 
White
Interior: 
Black Leather
Mileage:
80,983
Engine:
6cyl, 3.6L, 295.0hp
Model #: 
UFFS41
VIN:
1C3CCCEG0FN620505
Stock #:
102137
  
$17,900
DESIRABLE FEATURES: Include Leather, Htd Seats, Alloy Wheels, Bluetooth, Remote Start, Sirius XM, Remote Entry, Push Button Start, Auto Climate ControlThis all wheel drive 2015 Chrysler 200 C features a White (bright White Clearcoat) exterior with a Black interior and has only 80,983...   Read More
Exterior: 
White
Interior: 
Charcoal Leather
Mileage:
75,040
Engine:
6cyl, 3.5L, 270.0hp
Model #: 
13816
VIN:
1N4BL3AP7GC154118
Stock #:
102294
  
$19,900
DESIRABLE FEATURES: Include Alloy Wheels, Navigation, Leather, Htd Seats, Htd Wheel, Remote Start, Blind-Spot Monitor, Bluetooth, Remote Entry, Premium Audio, Sirius XM, Push Button Start, Auto Climate ControlThis front wheel drive 2016 Nissan Altima 3.5 SL features a Pearl White exterior with a...   Read More
Exterior: 
Silver
Interior: 
Black 
Mileage:
81,117
Engine:
4cyl, 2.4L, 185.0hp
Model #: 
53222
VIN:
5XXGT4L35KG300766
Stock #:
102139
  
$22,900
DESIRABLE FEATURES: Include Alloy Wheels, Blind-Spot Monitor, Bluetooth, Remote EntryThis front wheel drive 2019 Kia Optima LX features a Sparkling Silver exterior with a Black interior and has only 81,117 miles.INTERIOR OPTIONS: Cloth Seats, Adjustable Lumbar Seat(s), Pass-Through Rear Seat,...   Read More
Exterior: 
Purple
Interior: 
Black 
Mileage:
66,940
Engine:
4cyl, 2.4L, 185.0hp
Model #: 
53222
VIN:
5XXGT4L30KG337675
Stock #:
102295
  
$22,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Blind-Spot Monitor, Remote EntryThis front wheel drive 2019 Kia Optima LX features a Purple (sangria) exterior with a Black interior and has only 66,940 miles.INTERIOR OPTIONS: Adjustable Lumbar Seat(s), Cloth Seats, Adjustable Steering Wheel,...   Read More
Page  1  2
View ArticlesSave ThisPrint ThisTell A Friend