663 Credit Score Auto Loan Interest Rates in 2022

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Getting car loan with 663 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 663 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
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You can qualify for a car loan with 663 credit score without a problem when applying. However, you can shop around a bit and find out which one is going to give the best interest rate. Since you’re not in the excellent category, you will have a higher interest rate than others that have higher interest rates get.

Min. credit score*
Term of loan
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
Min. credit score*550
Term of loan24 to 84 months
Go to site
Requirements:* Must have a Social Security number. Make $24,000+/year. Have no open bankruptcies.
Save money by refinancing your auto loan. Follow simple and easy process to lower your monthly car payment.
Min. credit score*510
Term of loanVaries
APR*6.16% – 35.89%
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Requirements:* Car must be: 10 years old or newer, Under 120,000 miles, In personal use. Current auto loan must have: outstanding balance of $5,000—$55,000, At least 24 months of remaining payments.
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
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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
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Fair credit scores are thought of as ideal to have when purchasing an auto. You should have a steady stream of income that can be verified for the auto loan, as well as any other information that they might need. Fair credit scores generally can go to just about any bank and request an auto loan, providing the necessary documents and are able to obtain the loan.

FICO Credit Score APR*
663 6.76%

Interest rate on car loan with 663 credit score can go anywhere from 8% to 12%, but it also depends on the lender and the specific background credit history that the person has that will determine what the interest rate is going to be. Even those with fair credit scores are encouraged to put down money over the cost of the auto loan they’re trying to take out, as not only will this save them money, but it can show that they’re reliable when trying to purchase a vehicle.

All the calculation and examples below are just an estimation*.
Individuals with a 663 FICO credit score pay a normal 6.76% interest rate for a 60-month new auto loan beginning in August 2017, while individuals with low FICO scores (620-659) were charged 9.4% in interest over a similar term.

So, if a vehicle is going for $18,000, it will cost individuals with fair credit $354 a month for a sum of $21261 for more than five years at 6.76% interest. In the meantime, somebody with a lower credit score paying 9.4% interest rate without an upfront installment will spend $377 a month and wind up burning through $22628 for a similar auto. That is in excess of a $1367 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
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