Acceptable Credit Scores For an Auto Loan - What's the Minimum Rating to Buy a New Car?

Did you know that just by reviewing your credit information before you shop for a new car you can save $200 or more a month? Your credit score is the most important piece of getting approved for a good loan at an acceptable rate. A better score can not only allow you to get a lower rate, which means lower monthly payments, but it can reduce the amount of down payment funds you need to come up with and allow you to get approved for a bigger loan.That means not only lower monthly payments, but the potential to buy a nicer car. By taking 5 minutes to review your auto loan credit score, you can find out exactly what type of loan you can get approved for, how much it will cost you, and what you need to do in order to improve it.By reviewing this information now, you can make necessary changes before your car lender ever takes a look at it. When you increase your score, the lender will only see what your current rating is.They will not be able to tell that you used some of the incredibly easy strategies to boost your auto loan credit score.For instance, one thing you can do is remove all of the inaccurate information to increase your rating. Three out of four credit reports contain mistakes that don't belong there, and can quickly fix these. There could be accounts in collection that you never opened, credit card accounts marked as late that you closed years ago, and items that are just plain wrong