How much can I save if I have a good FICO® score before I buy a car?

Since the rate that you are offered will likely be based on your FICO® score, you should take some time to consider just how much money your FICO score will cost you (or save you) each month. Take a look at the chart below to see how your monthly car payments will vary depending on your score:

Interest rates accurate as of June 18, 2013.

Know the right time to buy your car.

myFICO® recommends that you call a few auto lenders and ask them what your FICO® score needs to be to get their best rates. If your score is already high enough, now might be a good time to make buy your car. If your score isn't high enough, you might want to wait and track your credit progress. Score Watch® will show you your current score and then continually monitor it. With Score Watch® you can set a target FICO score that meets your auto lender's requirement for getting the rate you want. When your FICO score hits the target score that you've set, Score Watch® will send you an alert.

With Score Watch® you get:

Receive Email alerts or text messages when there are changes to your FICO® score and credit report. Getting alerted of changes to your score and report will help keep you on top of your credit.

Both the positive and negative factors of your credit that are influencing your FICO® score. These factors can help you better understand your credit situation.

Notifications when your FICO® score has changed enough to qualify you for a better interest rate on a home loan or auto loan. You can receive an alert when your score hits a target number that you set.

FICO Score is used by 90 of the top 100 lenders

Score Watch®
  • Get 2 Equifax credit reports and FICO® Score
  • On-the-go mobile alerts of important changes
  • Checking your own credit report will not lower your FICO Score



* You may cancel your free 10-day trial subscription of Score Watch at anytime within the 10-day trial period without charge. If you don't cancel prior to the end of
10-day trial period, you'll be billed at $14.95 for each month that you continue your subscription. The minimum subscription period is three months.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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