Auto Loans5 min read
How Your Credit Score Maps to Auto Loan Rates
ME
Written by
Michael Ecke
Founder & Editor-in-Chief
Reviewed by
CarSavr Editorial Team
Reviewed for accuracy
Last updated:
5 min read
The exact APR bands lenders use — and three moves to jump a tier in 30 days.
Average new car APR by FICO band: 781+ → 5.2%, 661–780 → 6.8%, 601–660 → 9.6%, 501–600 → 13.
2%, sub-500 → 15.8%+. To jump a tier fast: pay revolving balances below 30% utilization (impacts your score in 1 cycle), dispute any account in collections under $500 (creditors often remove vs. fight), and avoid new credit applications 60 days before financing.
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