• Home
  • What Credit Score Do You Need to Get a Used Car Loan in Greenville?

What Credit Score Do You Need to Get a Used Car Loan in Greenville?

We Have The Trucks You Need

😎 Family Auto Of Greenville Come see what we Have in Stock at the moment because it won’t Last #familyautoofgreenville #FamilyAuto #usedcars

Posted by Family Auto of Greenville on Saturday, October 17, 2020

Worrying about your credit score just before buying a car is a genuine emotion. Not only does it decide whether you will get approved or not, butcredit scores also matter on grounds of lenders, insurers, and more. You probably already know that auto loans in Greenville are hard to come by if you have a poor credit score. And lenders flock to you, almost pleading you to take a loan if you have a great credit score. But where is that line that separates a good credit score from the bad? How much do you need to get an approved auto loan in Greenville? Let’s answer these here.

The score you need (as per the market)

Experience reports recently suggested that the average credit score for people who got approved used car loans was 657. While this may dishearten you as the 650s are quite high a score to maintain, especially if you are already paying your student and mortgage loans with a moderately paying job but things get interesting here. That same report also showed that 600 or below credit score holders got almost 30% of the net market’s loans. And this is the silver lining you should look at.

The score you need (as per reality)

You can get approved bad credit financing in Greenville, SC. No matter what your credit score, you can apply for an auto loan with an appropriate lender and still get approved. This is the 30% that Experience talked about as top buy here pay here dealerships are extending subprime loans to customers who can show a steady paycheck. Even a score of 450 or no score does not matter with these dealerships. As long as you can cover the premiums, you are approved to buy a used car. The answer then to what credit score in Greenville do you need is actually none. Your willingness is enough.

But what’s the catch here?

Again, the answer is none. Buy here pay here is a legitimate business model that is designed to help subprime credit score holders get an auto loan.In return, the lender charges a comparatively higher interest rate than the conventional lenders who refuse your application citing the risk. Beyond that, you get to buy used cars or used trucks in Greenville like any standard dealership and can even improve your credit score should you pick the right BHPH dealer. The modern auto loan market is more accommodating to customers. So, stop worrying about credit scores and buy your used car.


The information provided on this website is for general informational purposes only. It is not intended to be legal, financial, or professional advice. The content on this site is based on our understanding of current laws, regulations, and practices as of the date of publication. We make no representations or warranties of any kind, express or implied, about the accuracy, reliability, suitability, or availability of the information contained on this website.

Visitors are encouraged to seek professional advice from qualified professionals regarding their specific situations. Any reliance you place on the information provided on this website is strictly at your own risk. We do not assume any responsibility or liability for any loss or damage incurred as a result of the use of this website or reliance on the information provided herein.

Furthermore, this website may contain links to external websites that are not under our control. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, we take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please consult with qualified professionals and carefully review all terms and conditions before making any financial or legal decisions. We recommend conducting thorough research and seeking personalized advice to ensure that any actions you take are suitable for your individual circumstances.

Auto Dealer in Greenville

How much is your car worth at a Used Car Trader in Greenville, SC?

Trade your Car Today
Buy a Old Car in Greenville