There comes a time in everyone’s life when a new car is needed. Whether it’s for a commute to work, a commute to school, or for those adventurous road trips with family and friends, a car can take us places we’ve never been before. If you are in need of a new car, come visit our experienced sales team at Village Motors in Millersburg, OH to take a test drive today.
One of the most important parts of acquiring a car loan is the strength of your credit score. This is something you should research ahead of time so that you are prepared while at the dealer. You don’t want to spend time going for a test drive, preparing documents, and signing paperwork if your credit score will not support a strong car loan from our finance center.
The credit score is assigned to you by the credit bureaus. It is based on how much debt you have on loans, credit cards, and other obligations. The score is also based on the number of accounts you have open, if you pay the bills on time, how long you’ve built credit, and how much credit you’ve been given by lending institutions.
Your credit score is then used by lending institutions to determine how likely it is that you will repay a loan awarded to you. If you have a low credit score, lenders will think that you will be a high risk to issue a loan. If your score is high, lenders will view you as a low risk to issue a loan.
Ready to test drive a Dodge Challenger of Jeep® Grand Cherokee from Village Motors? Visit your local Dodge and Jeep dealership at 784 Wooster Road in Millersburg, OH to meet with a member of our sales team as the finance department works on your car loan. We hope to see you soon!