Can I Get Car Loan With 600 Credit Score? Higher or Lower Than 11%?

Yes, you can get a car loan with 600 credit score.

Individuals with a 600 credit score can get a car loan, but It may not be as easy as it is for someone with a score of 700 or above.

Still, it’s possible. 

Fun Fact: 10% of Americans have a credit score of 600-609 which is considered ‘fair’.

You have to seek a bank or credit union that handles special financing. Your best bet will be to find a dealership that will accommodate your specific needs.

Don’t worry, you will have plenty of options. You’ll just have to work with a slightly higher interest rate.

So ignore all those ads promoting a 1%-2% interest rate.

What is the interest rate on a car loan with 600 credit score?

The average interest rate for a car loan with 600 credit score is 7.91% - 12.17% for a new vehicle. Used vehicles 10.91% - 16.78%

The Consumer Financial Protection Bureau found that customers with a ‘fair’ credit score are at a default risk of 20 percent. Interest rates reflect those numbers. 

One of Experian’s (a credit reporting bureau) latest analysis of the auto financing market shows an average interest rate of 6.13% (that’s for a new car). 

Overall, a new car on a 60-month loan has been around 4.75%.

The lending network we recommend helps borrowers get a car loan with 600 credit scores and have help consumers who have bankruptcies, charge-offs, etc.

Credit Score




450 or Lower















750 or Higher




What Else Will You Need Present?

Verification Income/ Fixed Income or Proof Of Employment:

This doesn’t take long to complete because dealerships have a system in place to verify your employment. For those who are self-employed, they will ask for bank statements and/or tax documents. 

No matter what type of job you have, car dealerships will like to see around 6 months of employment/ consistent cash flow. At least $1,500 to $2,000 per month after taxes usually does the trick.

If you’ve recently switched jobs or were laid off you can still use paystubs and tax docs, but they’d like to see about 3 years of employment. 

*These are ‘best case’ situations. All lenders aren’t strict so don’t hesitate to get a quote. 

Proof of residency and Drivers License: 

People with fair or subprime credit should bring household bills like a utility bill- if you own your home, that can increase your chances of getting your car/loan at a reasonable interest rate. 

Your driver’s license will be used as proof of age (18 or older) and legal status.   

Related: Can Lex Law Remove Paid Collections? Creditor Intervention  

Want To Improve Your Credit Score?

So, you’ve noticed that you can save money in interest rates with a better higher credit score. 

There are a few steps you can take to boost your credit score 10, 50 or even 200 points (see here) in the next couple of months. 

It all depends on how much time and resources you have to get it done. Along with the link in the last paragraph, you can use a credit repair service to speed up the process. 

They specialize id removing inaccuracies and disputing items from your credit reposts. At the very least, you can call for a free consultation, tell them your situation and see how they can assist.

Get Consultation From These Credit Repair Companies 


Moving Forward

We hope this information and resources gets you closer to your new ride.  

You definitely can get a car loan with a 600 credit score but, if you can, hold off until you improve your credit score by 100 points.

Finding the best auto interest rates can save you thousands. It just takes some planning, a bit of persistence and compromise.

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