Do you need a high credit score to buy a classic car?

Answered by

Christina MillerAuto Insurance Analyst

Posted on Feb 15, 2023

1. It's definitely possible to buy a classic car with a lower credit score, but you may have to put down a higher down payment.

2. A high credit score can help you get a lower interest rate on a loan, which can save you money in the long run.

3. If you're not sure how your credit score measures up, you can get a free credit report from AnnualCreditReport.com.

4. If you need to improve your credit score, there are a few things you can do, such as paying your bills on time and reducing your credit card debt.

• Car Financing
• Classic Cars

People are also asking

• How can I get 0% financing from a dealer?

  There are a few ways that you can get 0% financing from a dealer. One way is to get a loan from the dealer. Another way is to get a loan from the manufacturer. You can also get a loan from a bank or another lender.

  Read more

• How is it ok for dealerships to charge more from customer to customer?

  There is no one answer to this question, as it depends on the individual dealership and the reasons for the price increase. Some dealerships may charge more from customer to customer in order to cover the costs of providing a better experience or service, while others may use it as a way to make mor

  Read more

• Is there a bank that will give a loan on a classic car without requiring an appraisal?

  1. There may be banks that will give loans on classic cars without requiring an appraisal, but it's important to shop around to find the best deal.2. An appraisal is a valuable tool for both the lender and the borrower, as it helps to ensure that the car is worth the amount of the loan.3. If a bank

  Read more