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700 is a strong auto loan score. You'll receive competitive rates from virtually all lenders and have significant negotiating power. Focus on comparing credit unions vs. banks.
Our Top Picks for 700 Credit Score
Best Rate
PenFed Credit Union
APR Range5.49% – 8.99%
Min. Credit Score610
Why we recommend it: PenFed's rates for 700 borrowers are exceptional — often matching or beating rates offered to 720+ borrowers at traditional banks.
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Best for Convenience
Capital One Auto Navigator
APR Range5.99% – 9.99%
Min. Credit ScoreNone stated
Why we recommend it: At 700, Capital One offers genuinely competitive rates with the added convenience of their pre-qualification tool and large dealer network.
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Rate Beat Guarantee
LightStream Auto Loans
APR Range5.24% – 9.49%
Min. Credit Score660
Why we recommend it: LightStream will beat any competitor's rate by 0.10% — making them the best choice if you get a competing offer first.
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Frequently Asked Questions
Is 700 a good credit score for buying a car?
Yes — 700 is solidly good for auto financing. You'll qualify for most lenders at competitive rates. The biggest gains come from shopping credit unions, which typically offer 1–2% lower rates than banks.
What's the monthly payment on a $35,000 car at 700 credit?
At 6.5% APR for 60 months, a $35,000 auto loan costs about $684/month with $6,040 in total interest. At 5.5% APR, it drops to $671/month with $5,260 in total interest.
Should I finance through the dealer or get my own loan at 700?
Always get pre-approved from a bank or credit union first. Dealer financing can be convenient but often carries a markup. Use your pre-approval as leverage to negotiate dealer financing down.