: A 630 score sits in the Nonprime (601–660) credit tier.
Borrowers in the 601–660 range typically pay a premium on interest compared to those with higher scores: Vehicle Type Average APR (601–660 Score) Comparison (Prime 661–780 Score) Used Car 3. Impact on Your Monthly Payment
: Average credit scores for used-car loans (689) are typically lower than for new-car loans (753), making used vehicles a more common target for this score. 2. Expected Interest Rates (2026 Estimates)
: While roughly 69% of financed cars go to borrowers with scores of 661 or higher, lenders specializing in subprime or near-prime lending frequently work with scores in the 630 range.
: A 630 score sits in the Nonprime (601–660) credit tier.
Borrowers in the 601–660 range typically pay a premium on interest compared to those with higher scores: Vehicle Type Average APR (601–660 Score) Comparison (Prime 661–780 Score) Used Car 3. Impact on Your Monthly Payment is 630 a good credit score to buy a car
: Average credit scores for used-car loans (689) are typically lower than for new-car loans (753), making used vehicles a more common target for this score. 2. Expected Interest Rates (2026 Estimates) : A 630 score sits in the Nonprime (601–660) credit tier
: While roughly 69% of financed cars go to borrowers with scores of 661 or higher, lenders specializing in subprime or near-prime lending frequently work with scores in the 630 range. is 630 a good credit score to buy a car