Buying a used car in Dallas? Car loan rates still have shot up 12-18% for used cars so you have to focus on some things. Continue reading
So, a lot of people ask the question why I should check my credit score and the answer is you will want to know where you stand with your credit if you looking to get a new credit card, switch jobs, or renting a house or wanting to buy a used car. Continue reading
Your credit score is important for a car loan and other financing but how do you get to the best credit score you can get? Some ways of improving your credit can be easier than others but if you stick to the plan you choose you will raise your credit score.
What to look at for a credit report for a used car loan
- You want check for errors. It might not be a big deal to you but 5% of credit reports have errors. Errors can put you in the dog house for interest rates for a car loan or a house.
- Work with a credit report company. Credit repair companies can usually help faster with your credit score. Most credit repair companies dispute negative items for you.
- Pay off your credit cards. This is the largest factor for your credit score. Lenders will look at your debt to credit ratio. You want to use closer to 20% of your credit and that’s all.
- Don’t change anything. Credit companies and lenders like to see stability so don’t make any changes to that. Just keep paying down your debt. You can pay more money on your debt if you have the extra money.
The better your credit score is the better interest rate will be. Car dealers in Dallas Texas like to see that you have a down payment and making it large will help you with the auto lenders.
More doors at the car dealership will open when you have a better credit score or more money to put down on a used car. Some car dealers want you to at least put $100 on a used car in Dallas Texas. Some car dealers want to have $300 down on a used car in Dallas.
The more money down the better your money car payment will be even if you have a co-signer.
Your credit means more for a car loan
Really if your credit score is improving that means your paying your bills on time and auto lenders just want to see that you will be able to make your car payment on time. An interest rate relies on your credit score.
If you have bad credit the money the used car dealership in Dallas will ask for but what we can do is help connect you with the proper car dealership to make sure that the financing you qualify for is going to work for you.
Everyone wants to know how to improve their credit score but do you want to put in the work? Most people don’t and it’s sad there are 70 million people that have bad credit and it can kind of all be fixed with the right mindset. Continue reading
What buying a used car really comes down to in Dallas Texas?
Buying a car comes down to the factor or money. Plain and simple how much money do you have and how are you planning on using it. Continue reading
If your single and I know that a ton of people don’t like to share finances even in a relationship and that’s fine too. But it’s a good idea to get with a guide if you want to save money for lets say a new or used car in Dallas Texas. Continue reading
When your looking to purchase a used car in Dallas Texas it’s best suited to pay your debt down as low as you can and save up for a down payment. Not doing one of the two can decline you the approval for a used car. Continue reading
When you are on the hunt of buying a car, new or used car you need to buckle down and get to know the facts. You want to know what you’re looking for at the car lot. It can honestly save you about $500 to $1,000 off the asking price of the car from the car dealership. Continue reading