Interest rates are significantly higher for scores near 600 compared to "Prime" borrowers. According to recent data from CNBC and NerdWallet , here is what you can expect as of April 2026: Vehicle Type Score Range: Nonprime (601–660) Score Range: Subprime (501–600) ~9.57% APR ~13.17% APR Used Car ~14.49% APR ~19.42% APR
: Credit unions often offer more competitive rates than traditional big banks for subprime borrowers [13]. buying a car with 600 credit score
: Most institutions require at least a 600 score to approve a loan without a down payment; at or below 600, you should expect to pay more upfront to reduce the lender's risk [2, 5]. 3. Key Strategies for Approval Interest rates are significantly higher for scores near
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: Offering a larger sum upfront (e.g., $3,000+) lowers the loan-to-value ratio, making you less risky to lenders [13, 24].
: Approximately 16% of all auto loans go to borrowers with scores of 600 or below [19].