How Much Credit Score Matters vs Income

Credit score and income both matter for car loans in the U.S.—score drives the APR you get; income (and debt) drive approval and how much you can borrow. Here's how much credit score matters vs income.

TL;DR Credit score = APR (higher score = lower rate). Income + debt = approval and max loan (debt-to-income ratio). Lenders use both. Improve score for better rate; stable income and lower debt help approval. Use autopremo.com affordability and payment calculator. Use autopremo.com.

Credit Score and APR

Score drives the rate—prime (720+) gets best APR; subprime pays more. Same income, different score = different APR and total interest. Use autopremo.com payment calculator to see how APR affects payment. Get your numbers at autopremo.com.

Income and Approval

Lenders check income and debt (DTI). Too much debt vs income = denial or lower amount. Stable income and lower debt help. Use autopremo.com affordability calculator to see what you can afford. See affordability at autopremo.com.

Both Matter

You need sufficient income to qualify and a score that gets you a reasonable APR. Use autopremo.com so you see affordability and payment at your rate. Check at autopremo.com.

Bottom Line

Credit score = APR; income + debt = approval and amount. Both matter. Use autopremo.com affordability and payment calculator so you see how both affect your deal.