Applying for credit when you are purchasing or leasing your next vehicle can be a tense experience. Many of our customers in the Grass Valley, CA area state that it was the part of the vehicle purchasing process they knew the least about before coming into the dealership. Many people do lots of research regarding the vehicles they are considering, but there are a lot of folks who don’t know where to go to get information regarding what to expect when you are financing. Dave Gard’s Winner Chevrolet, located at 1624 S Canyon Way in Colfax, CA, has gathered some information regarding what customers should know before they apply for credit.
Review Your Credit Report
One major thing that is important for all our customers to know, whether you are from Auburn, CA or Rocklin, is what kind of information is on your credit report. Everyone is entitled to one free credit report a year and should take advantage of that opportunity. If you find something on your credit report that could impact your credit score, you should take steps to resolve it. Negative items on your credit report could cause you to receive a higher interest rate or get turned down for financing.
Some of our Folsom, CA customers have asked our finance team about old information that is still impacting their credit. The best way to deal with old or inaccurate information is to file a dispute with the credit bureau reporting the information so they can update their records accordingly.
Be Prepared to Buy
Applying for credit should be reserved for when you are close to deciding which vehicle you want. You don’t want several dealerships pulling your credit over the course of several weeks or months. Those types of inquiries into your credit report can bring your credit scored down and impact some of your other financial goals. When you have trimmed down your vehicle options, and you are certain you are ready to buy, that is the time you should begin the credit application process.
Utilize All the Dealership’s Resources
The finance professionals at Dave Gard’s Winner Chevrolet, in Colfax, CA, are a great resource for all your financing needs. They can answer any questions and use their access to many local and national banks to secure your automotive financing. Contact them today and get the information you need to successfully purchase or lease your next vehicle.
