What Your Car Says About Your Credit

It’s an interesting fact that there is a correlation between the type of car a person drives and their credit score. It’s also interesting to note that the car brands with the fewest buyers (Mitsubishi and Suzuki) also tend to have the buyers with the lowest credit scores.

What’s the actual breakdown of credit score to car?

Here is the full list of average scores paired with the cars they buy:
(Source: Experian)

Mitsubishi Buyers: Average Credit Score of 694
Suzuki Buyers: Average Credit Score of 704
Dodge Buyers: Average Credit Score of 718
Kia Buyers: Average Credit Score of 721
Toyota Buyers: Average Credit Score of 723
Jaguar Buyers: Average Credit Score of 810
Infiniti Buyers: Average Credit Score of 810
Audi Buyers: Average Credit Score of 810
Porsche Buyers: Average Credit Score of 810
Acura Buyers: Average Credit Score of 813
Lexus Buyers: Average Credit Score of 816
Volvo Buyers: Average Credit Score of 818

So what’s the difference between a Mitsubishi driver and a Lexus driver? About 122 points, according to the statistics.

This is a perfect example of how credit is a reflection of so much more than just payment performance.

Regardless of the car you drive, the assumptions that are made based on a credit rating can make or break you — both personally and in business. This is an important key to remember as you build your business and your credit.

What does your credit score say about you?