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720 puts you in near-prime territory. You'll qualify for the best rates at most lenders and may be eligible for manufacturer financing deals and promotional rates.
Our Top Picks for 720 Credit Score
Best Rate at 720
LightStream Auto Loans
APR Range4.99% – 7.99%
Min. Credit Score660
Why we recommend it: LightStream offers some of the lowest auto loan rates in the market for 720+ borrowers, with a rate-beat guarantee and same-day funding.
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Best Credit Union
PenFed Credit Union
APR Range5.24% – 8.49%
Min. Credit Score610
Why we recommend it: PenFed's rates for 720 borrowers are among the best available, with no prepayment penalty and flexible terms up to 84 months.
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Best Dealer Network
Capital One Auto Navigator
APR Range5.49% – 8.99%
Min. Credit ScoreNone stated
Why we recommend it: Capital One's pre-qualification is soft-pull and their dealer network of 12,000+ makes it easy to use your pre-approval at any dealership.
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Frequently Asked Questions
What APR should I expect with a 720 credit score for a car?
720 borrowers typically qualify for 5–8.5% APR. This is near-prime territory. The best rates come from credit unions and online lenders like LightStream.
Am I eligible for 0% financing with a 720 credit score?
Manufacturer 0% APR deals typically require 720–740+. At 720, you're at the threshold — you may qualify for some promotional offers, especially on new vehicles.
How much does a 720 vs 700 credit score save on a car loan?
On a $30,000 loan for 60 months, the difference between 6.5% (700) and 5.5% (720) APR is about $780 in total interest savings.