What Is The 650 Credit Score Auto Loan Interest Rate?

You can get a car loan with a credit score of 650. Looking for a 650 Credit Score Auto Loan Interest Rate can be a daunting task, but it's doable.

You cant expect the best interest rate but you can expect to have some space to work with and you have room to improve. 

A lender will give you a chance and depending on your other resources, you can get an interest rate that won’t completely break the bank. 

You are in the FICO Fair zone and you will still have a few options to take advantage of when shopping around.

What kind of interest rate can I get with a 650 credit score?

As we mentioned, you won’t get the most favorable rate, so going into the application process - curb your expectations. 

A 650 credit score auto loan interest rate will vary pending on your lender, your downpayment, your DTI, and the loan terms. 

The longer your terms of the loan (36 to 60 months) the higher your rates. 

The commercials you see with low APR percentage rates are for attention grabbers and is most likely possible for borrowers with 750 or higher. 

Basically for people with very good credit (740-799) to excellent credit (800-850)

Credit Score




450 or Lower















750 or Higher




How To Get The Best Out Of Your 650 Credit Score Auto Loan Interest Rate

If you have cash, make a larger down payment to decrease how much interest you’ll have to pay in the long run. 

You can request to pay extra on the principal of the loan because you’ll pay less interest over time and if divided correctly it will still help your overall credit score. 

Don’t pay it off too quickly because an open account looks better on your credit report than a closed account.

Make your payment more frequently. You can pay every 2 weeks instead of once a month, which will contribute to your payment history.

Places To Get Your Vehicle Financed:

How To Go From 650 or 685 To A 720 Credit Score 

There are a few essential steps you need to take in order to raise your credit score by 50 points, or even 100 points. First, you’ll need to know the  Five FICO Factors:

  1. Credit Utilization 
  2. New Credit 
  3. Credit Mix
  4. Payment History 
  5. Length of Credit History

You can attack your credit repair journey by focusing on these 5 factors. Credit Util contributes for 30% of your score so that a great place to start. 

If you already have a poor payment history, you can’t change that overnight, but you can affect it once your focus on your Credit Utilization Ratio.

Want Help Removing Items Off Your Credit Report?

What Are Your Credit Score Goals That Will Get Your To The Interest Rate Your Desire?

So, balance your credit-to-debt-ratio to show lenders your can handle debt. 

The good news is your credit can improve once you are approved for auto loan because it adds to your Credit Mix. 

A quick 10 point boost in your FICO Score can come from removing negative items from your report. 

You have to pull up your credit report and search for inaccurate information, then send dispute letters to get them removed. 

You Can Also Hire A Credit Repair Company:

Here are a few you can call for a free consultation:
  1. Lexington Law  or Call Now: (833) 838-5600
  2. Ovation or Call Now (855) 634-7274
  3. CreditRepair.com or Call Now (833) 840-9600

Good Luck!  

You will get a car loan, that isn’t the issue. How will your interest rate look? is the issue at hand.

And there is no way of getting around your credit score, other than improving your score and/or shopping for the best car loan interest rates you can get with that you have.  

If you plan to improve your score, search for interest rates that are in your goal scores. 

For example, if you have a 650 and you are aiming for a 700 score, see what car loan and interest rates are available for people with a 700 credit score.

No matter if auto lenders are using FICO, VantageScore or auto enhanced FICO score

James Willaims

Hey There, James here. I am the co-founder and editor of this site. I have over 10 years experience in business and 5 in the credit repair world

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