What Do I Need to Know About My Credit Report When Purchasing a Car?
Whether you’re shopping for a new Chevrolet or a pre-owned vehicle, financing is likely on your mind. At Boland Chevrolet, we’re committed to helping our customers find high-quality vehicles at prices they can afford. As one of the most trusted Chevy dealers in Bowling Green, Missouri, we’ve helped countless drivers from Hannibal, Troy, Mexico, and beyond successfully apply for automotive financing and lock in competitive rates on new and used cars, trucks, and SUVS.
What Does My Credit Report Include?
Your credit report evaluates how responsibly you use credit by tracking how you’ve used your credit over time. It includes information like:
- Your employment history
- How long you’ve been using credit
- Types of loans and other debt under your name
- The balance of any existing loans in your name
- If you’ve missed payments in the past
How Does My Credit Score Affect Car Financing?
Typically, lenders will offer better rates to customers with stronger credit scores. However, at Boland Chevrolet, we believe you deserve to walk off the lot with a car you love, even if your credit history isn’t perfect. We work hard to offer our customers a range of financing options by:
- Working with a variety of lenders who specialize in affordable financing
- Helping our customers lower their costs by trading in their existing vehicle
- Offering structured financing plans for first-time buyers
Can I Finance a Car if My Credit Score Isn’t Strong?
Absolutely! The team at our finance center has experience securing car loans for customers who don’t have perfect credit. In fact, taking out an auto loan can actually be a great way to build your credit, as it can diversify the type of credit you use and provides another opportunity to make regular payments. Talk to our auto finance experts about:
- Getting pre-qualified for auto financing
- Pre-qualifying with Capital One
- Our guaranteed approval financing application
Visit Our Chevrolet Dealership in Bowling Green, MO
Stop by our Bowling Green Chevrolet dealership to explore our inventory of new and used Chevrolets for sale. Or contact our team with any questions you may have about financing your next Chevy with Boland Chevrolet. Our friendly and knowledgeable staff is here to help!
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