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Does your credit score affect your auto loan rate?

Answer:

Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.

First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 96 [recommend contributor ]. Question popularity: 2 [recommend question].

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