You will not have trouble securing a car loan with a 699 credit score and you’ll probably receive an average apr and terms.

Find the best car loan and interest for you CS is one thing. Deciding when and where to make that move is another.

We suggest you have a budget and timeframe ready so that you are ready when the right opportunity presents itself.

If you do have some time, you can improve your FICO Score with the intention of being quoted a lower interest rate. 

How good is a credit score of 699? Or Is It Bad?

Having a 699 credit score you are amongst 67% of American consumers in the Good FICO Score range or better. It is literally a good score, but it is not the best.

It's two levels and 180 points away from what is deemed an Excellent or Exceptional score.  Here are the FICO Score levels:

  • Very Poor: 300-579
  • Fair: 580-669
  • Good or Prime: 670-739 (you are here)
  • Very Good: 740-700
  • Exceptional: 800-850

You are right in the middle of the bunch, so as you can imagine you will have options but they are limited.


Because the credit bureaus have these scores so that lenders can properly asses risks based on your credit report.

Your score lets creditors know if there are any red flags they should take into account before letting you borrow money. 

For example: “Late payments (past due 30 days) appear in the credit reports of 36% of people with FICO® Scores of 699.”- Experian

If you fall into this group, that is would be a red flag.

Still, you are in an OK position.

See the "Auto Loan Application"

What Are The Best 699 credit score car loan interest rates?

Let’s begin by clearing the air, only people with Excellent credit will get the famously advertised 1 or 2 percent interest rates. 

You are in a good position to qualify for a prime car loan with a reasonable APR from traditional and online lenders. 

Traditional lenders like, banks and credit unions

Best rates are given to drivers who buy a new car with auto financing rates close behind.

The best APR is still relative to your situation, it will not be the same for everyone but we can estimate best in industry averages.

Credit Score




450 or Lower















750 or Higher




What are Used car loan rates 699 credit score?

There are few new car facts stated above that coincide with how you will be quoted for a new ride.   

You will be able to get financed for a used car with a Good or Prime credit score. 

No matter the AVE APR, you may spend less over the course of the loan because used cars tend to cost less than a new car. 

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How to Get A Better FICO Score For A Lower Auto Interest Rate

We wrote on getting a 699 credit score car loan. Now we’re going to discuss how you can increase your CS by 100 points for a lower interest rate. 

First of all, you have to look over your credit report for errors, inaccuracies, and all incorrect information. 

From there you need to write dispute letters or you can find a credit repair service to do that for you.

A credit repair service can save you a bunch of time, offer other credit-related services and will help you track your process.

Then you want to add positive credit information. 

You can tap into a few things that can help you lower your credit to debt ratio (Credit Utilization Ratio). You will want to aim for below 30%, but preferably 10%:
  • Pay Down Debt and cut up cards (do not close the account)
  • Ask someone to be an authorized user on one or more of their credit lines
  • Request a credit line increase from a credit card you have a good standing with
  • Send dispute letters to credit bureaus. Most people have a lot of inaccurate information on their reports (that may raise your FICO score by 30 points ).

Your auto loan can increase your overall credit score in the future. It will add to the New Credit and Credit Mix portions of the FICO scoring factors.

According to Experian: 42% of Individuals with a 699 FICO® Score have credit portfolios that include auto loan and 29% have a mortgage loan. 

Here are all the FICO Factors:
  1. Credit Payment History 
  2. New Credit
  3. Credit Utilization Ratio 
  4. Old Credit 
  5. Credit Mixture

Related: 7 Essential Ways to improve your credit score by 200 points

Good Luck Moving Forward

Moving forward, the name of the game is “take action”. Apply for a car loan online, check out all your financing options and make a move. 

If you decided to improve your score before applying for a car loan with 699 credit score, take advantage of a free consultation from credit repair services.   

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