Average car loan interest rates by credit score 2024
You can still get a decent rate without perfect credit.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
About the author
Pippin Wilbers is a Bankrate editor. He joined the personal loans team in 2024, though he's also contributed work on the auto loans, credit cards, student loans and small business loan verticals. Pippin is passionate about demystifying complex topics, such as car financing or finding the best personal loan, and helping borrowers stay up-to-date in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with reporters Hanneh Bareham and Denny Ceizyk, he analyzes industry data and trends and asks: "What does this mean for borrowers?"
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading, and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
You can still get a decent rate without perfect credit.
There is no minimum credit score, but lenders have varying minimum requirements.
Skyla and Consumers Credit union offer auto loans — which is best for your needs?
Second-chance car loans come at a high price.
Triton Capital offers working capital, equipment and SBA loans. The online lender accepts fair credit borrowers, though businesses will need at least $350,000 in annual revenue. Check out our Triton Capital review to learn more.
Taycor Financial offers a variety of business loans, from equipment refinancing to working capital lines of credit. Our Taycor Financial business loans review has the details.
Kiva microloans operate on a crowdfunding, peer-to-peer model. They have minimal requirements and could be a good option for smaller businesses or startups.
Tenet offers auto loans and refinancing to drivers who are looking into or already have an EV.