Back in the day, you needed solid gold credit to get a car or a house. However, with things like the housing collapse and the job market going sour, people’s credit has slipped. They still need used cars for sale in Kent, WA, though. What credit score is good enough to get one? Let’s take a look.
How Credit Bureaus See It
All credit bureaus want to know is if you paid your loans on time. Paying it off before the due date is in your favor. Even if a couple of payments were late, for the most part, if you paid it on time, you’re good.
A credit bureau looks at previous car loans and if they were paid on time each month. The bureau doesn’t care about other loan types, just the car loans. If you have a good record of getting and timely paying of car loans, chances are good you’ll get one from
Washington Car Credit.
What Else Is Involved?
Lenders will look at your income as well as your income to debt ratio. However, as long as you have a job and money in your bank account, chances are good you’ll get one of the used cars for sale in Kent, WA.
About That Credit Score
Credit scores below 660 are called subprime and are subject to more interest charges than prime which is 661 to 850. Subprime interest rates are usually between ten and nineteen percent. That means you’ll be repaying on average just below half of the loan amount or $5,000 on a $10,000 loan from Washington Car Credit. Contact Washington Car Credit and we’ll get you behind the wheel of a car.
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