819 Credit Score Auto Loan Interest Rates in 2019

See what can a 819 FICO score get you
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Getting car loan with 819 FICO score

Obtaining an auto loan might be easy for some, but more difficult for others. This is why it is important to consider which credit range you fall in and how it might affect how you qualify for a auto loan with 819 credit score. Once you know your credit rating, you can then decide what to do, where to go, and who to work with regarding the auto loan you’re in need of.

Our top pick: myAutoloan.com
Best for new/used cars or refinancing. Receive online certificate or check within 24 hours and use your check to buy the car you want or use it to refinance your current loan
  • Minimum credit score*: 550
  • Term of loan: 24 to 84 months
  • APR: Varies
  • Must have a Social Security number
  • Make $24,000+/year
  • Have no open bankruptcies
myAutoloan.com
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Those with excellent credit scores have their choice on who they work with and also get much better interest rates, as they’re not deemed a threat at all. They are thought of as some of the best people to work with when it comes to borrowing money from them. Having 819 credit score can give you auto loan interest rates as low as 2% when market conditions are just right, though generally it is around 4%.

Name
Min. credit score*
Term of loan
APR*
Best for new/used cars or refinancing. Receive online certificate or check within 24 hours and use your check to buy the car you want or use it to refinance your current loan
myAutoloan.com
Min. credit score*550
Term of loan24 to 84 months
APR*Varies
Go to site
Requirements:* Must have a Social Security number. Make $24,000+/year. Have no open bankruptcies.
Get approved for bad credit financing for a new or used vehicle within minutes. Access auto financing from hundreds of dealerships with one simple application.
First Choice Auto Loan
Min. credit score*300
Term of loanVaries
APR*Varies
Go to site
Finding a great loan for a new or used vehicle is as easy as filling out a few fields. Even if you’ve struggled in the past with late payments or even bankruptcy, and your credit has been compromised, you can find a car loan that works for you.
Web2Carz Auto Loans
Min. credit score*Any
Term of loan12 – 84 months
APR*Varies
Go to site

Those with 819 FICO credit scores are generally not required to put down money on their auto loans they request, but it is recommended that you do, just like above. The less you pay, the less you borrow, the better for those that are involved. It can benefit you, even if you have a high credit score to pay this amount down easier when you put down a large chunk of money over the cost of the entire vehicle or loan amount you’re looking at taking out.

What are the average 819 credit score car loan rates in 2019?

For those that have excellent credit scores, they can ensure that they will qualify for just about any type of loan that they wish to take out, whether it is an auto loan or a mortgage. Personal loans are also something that are easier for them to borrow with such a high credit score. It is important to provide proof of your income when applying for any loan, though.

FICO Credit Score APR*
819 3.34%

All the calculation and examples below are just an estimation*.
Individuals with a 819 FICO credit score pay a normal 3.4% interest rate for a 60-month new auto loan beginning in August 2017, while individuals with low FICO scores (500-589) were charged 14.8% in interest over a similar term.

So, if a vehicle is going for $18,000, it will cost individuals with excellent credit $326 a month for a sum of $19569 for more than five years at 3.4% interest. In the meantime, somebody with a lower credit score paying 14.8% interest rate without an upfront installment will spend $426 a month and wind up burning through $25584 for a similar auto. That is in excess of a $6015 distinction.

The vast majority won’t fall in the highest or lowest class, so here’s a breakdown of how an extensive variety of FICO scores can influence the aggregate sum paid through the span of a five-year loan:

FICO Range APR* (AnnualPayment Rate) Monthly Payment* Total Interest Paid* Total Cost*
720-850 3.4% $326 $1,564 $19,569
690-719 4.68% $337 $2,212 $20,214
660-689 6.76% $354 $3,261 $21,261
620-659 9.4% $377 $4,628 $22,628
590-619 13.7% $416 $6,972 $24,974
500-589 14.8% $426 $7,582 $25,584

Depending on where your credit lies, it might be ideal to consider speaking with a credit consolidation company or another professional that can help you increase your credit rating to get a better rate, as well as auto loan when you need one. Having a good credit rating (and 819 FICO score is considered as very good) can help you, while a poor score can negatively impact you when it comes to renting, trying to obtain loans and a number of other factors.

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