What Credit Score is Needed to Finance a Car?

If you’re looking to finance a vehicle in Regina, you may be wondering what credit score is needed to finance a car. While having a high credit score can make approval easier, Saskatoon drivers with all types of credit histories can still secure financing. At Titan Automotive, we specialize in bad credit car finance and work with lenders who consider more than just your credit score.

Credit Score to Finance a Car: What Score is Needed? 

Your credit score to finance a car typically falls into one of these categories:

• 750+ (Excellent Credit): Best interest rates and financing terms
• 650–749 (Good Credit): Competitive interest rates with flexible terms
• 600–649 (Fair Credit): May require a higher down payment but still eligible for financing
• 300–599 (Bad Credit): Approval is possible with specialized lenders, often with a higher interest rate 

If you have a low score, don’t worry! Many Moose Jaw drivers qualify for bad credit car finance plans, and improving your credit score over time can help secure better rates.

How to Get Approved for Bad Credit Car Finance

If your credit score to finance a car isn’t ideal, there are still ways to improve your chances of approval:

• Consider a larger down payment, which reduces loan risk and improves approval odds.
• Having a stable income demonstrates financial reliability to lenders.
• Get a co-signer—someone with strong credit can help secure a lower interest rate.
• Choose a shorter loan term. Paying off your loan faster may lead to better rates.
• Work with dealerships offering bad credit financing. At Titan Automotive, we specialize in helping drivers with bad credit car finance.

Can You Finance a Car with No Credit?

Yes! If you don’t have an established credit history, you can still qualify for financing. Some lenders offer first-time buyer programs focusing on income and employment rather than credit scores. 

Lenders consider more than just what credit score is needed to finance a car. They also evaluate: 

• Income Stability: A steady job helps demonstrate financial responsibility.
• Debt-to-Income Ratio: Lowering existing debts increases your approval chances.
• Loan Amount vs. Vehicle Value: Lenders prefer financing cars with strong resale value.

Get Pre-Approved at Titan Automotive Today

No matter your situation, Titan Automotive will help you find a financing solution. Whether you have good credit, bad credit, or no credit, we’ll work with you to find the right loan. Apply online today and let our Regina team help you secure the bad credit car finance you need! Contact us with any credit questions.