Credit Tips for Financing a Chevrolet Car
One of the biggest pieces of the puzzle when it comes to buying a car is getting the right financing. Make sure the Chevrolet financing you end up with is right for you with these credit tips from James Martin Chevrolet to help you get the most out of your purchase.
Credit Report and Credit Scores
Before you visit our Detroit, MI, Chevrolet dealership with the intent of buying, it’s important to find out what your current credit rating is. You can do this by requesting your credit report or credit score from major banks, credit card companies, reporting bureaus, and government financial institutions.
Finding out what your credit score is and what your credit report says about your past credit history will give you an idea of the size of the loan available to you. It will also provide you with an idea of the type of interest rate you will be offered.
Raising Your Credit Score
If your credit score is on the lower end, it may be beneficial to try to raise it before applying for financing, which can help lower your monthly Chevy payments. Some ways you can improve your credit score include:
- Paying off debt
- Keeping your credit utilization under 30 percent
- Requesting a higher credit limit
- Paying your bills on time
- Disputing any errors on your credit report
If you’re still having trouble raising your score, don’t worry. We offer bruised credit financing at James Martin Chevrolet, which allows you to re-establish your credit while still purchasing a high-quality Chevy vehicle.
Get Pre-Approved
A big benefit of getting pre-approved for financing is that you will know your budget when you go shopping for a new or used car. Knowing the size of the loan available to you and the interest rate you will be offered lets you choose the new Chevrolet SUV that fits your budget.
If you don’t need as accurate of a credit estimate, get pre-qualification for financing which only requires a soft credit pull but provides a ballpark estimate of the interest rate.
Chevrolet Financing at James Martin Chevrolet
Here at James Martin Chevrolet, you can get financing offers that make it simple and easy to buy a new or pre-owned Chevrolet vehicle. Browse SUVs, trucks, and cars in our showroom or on our lot and discover the one that fits your needs and budget. There’s something for everyone with our helpful service, numerous financing options, and quality Chevrolet products.