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The Most Popular Cars for People With Great Credit

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If you’re driving around a Lexus RX350, you’re rolling with the credit elite. If you financed your new Lexus, it’s likely you have great credit, too, because 775 is the average credit score of people who bought that car in 2013.

The Lexus RX350 tops the list of cars whose buyers have the highest average credit scores, according to 2013 new-car financing data from Experian Automotive. The credit scores included in the data were generated by the VantageScore 3.0 model, and a 775 falls in the excellent credit range on the 301 to 850 scale.

When you’re vehicle shopping, it’s helpful to know your credit standing, because your credit score can have a large bearing on how much you can finance, the interest rate you get on an auto loan and, ultimately, what kind of car you can afford.

The Luxury of Great Credit

Car price isn’t directly tied to buyers’ average credit score, but cars with lower prices tend to attract buyers who have lower credit scores. There are a variety of things that could account for the differences, like how much borrowers pay out of pocket, other factors in the loan-approval process and the financing standards of the automaker.

For example: Three of the five cars whose buyers have the highest average credit scores are luxury vehicles, while the other two are barely more expensive than some cars favored by those with bad credit. Here are the cars most favored by people with high credit scores last year:

  • Lexus RX350 — 775
  • Acura RDX — 765
  • Subaru Outback — 762
  • Acura MDX — 761
  • Subaru Forester — 755

Each of those average scores falls in the excellent credit category.

If you’re considering financing a vehicle in the near future, it’s a good idea to check out your credit score and see if you have room for improvement. You can get two of your credit scores free with a Credit.com account, and you can also get an idea of your credit weaknesses so you can work to raise your score in the coming months.

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