When you apply for a car loan, your credit score plays an important role, just as it does when you apply for a credit card or a mortgage. That said, the credit requirements for auto loans can vary considerably among different lenders. Auto lenders also tend to be more forgiving of imperfect credit than other types of lenders, and it’s often a matter of shopping until you find a lender who will work for you at a reasonable rate.

Here are a few tips that will help you understand the credit requirements for auto loans and how to go about your auto loan search whether you have excellent credit, damaged credit, or you’re new to credit. Lees verder →