We understand that applying for auto financing is a long and daunting process, but investing your time to get the best loan available for you is well worth it. The most important part of the process is doing your homework and arriving at the dealership having already been approved for auto financing.
Once at the dealership with auto financing in place, you will find it easier to stick to your budget and allow the dealership to be more flexible toward your financial needs. Here are a few tips to help you get the best auto financing you can, before you even step in the dealership.
Retrieve Your Credit Score
The 3 major companies that you can retrieve your credit score from are Experian, Equifax and TransUnion. The companies each collect your information on your credit report and give you your FICO credit score, which is based on a combination of your payment history, amounts owed, length of credit history, new credit and types of credits used.
Your credit score determines the interest rate of your auto loan. The higher your credit score, the lower the interest rate.Used Car DealerNew Car Dealer
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