Will I be approved for this car loan?

Depending on whether or not you’ve established credit. I’m not talking about 1 credit card with a small balance that you’ve been paying on for the past 5 or 6 months. If you’ve established credit, then you should be approved for that car.

Depends on why the score is 680 but you probably will be approved at a double digit interest rate.

Auto finance is what I do for a living and auto loans are based on the following factors;

1. LTV (loan to value).
2. Term requested.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.

As long as all of the above is within the lenders guidelines, then yes you should be approved.

It really depends on what makes up your 680 score. I look at credit every day and see people every month with 700 scores thatt can not buy a car because their score is made up of 1 credit card with a $500.00 limit paid 15-times and a couple of student loans.

While this profile produces a great score is does not show tha ability or willingness to actually pay anybody.

Now if your score is based on 3 credit card accounts (revolving) with balances below 30% of your balances and at least 2 cars, boats, homes, furniture or personal accounts (installment) all with good long pay history’s, then yes you will be approved.