We’re going to channel our inner Tina Turner with - your credit score rating plays a vital role when it comes to getting the best car loan rates.
To qualify for traditional financing, you need to have descent credit. The higher your credit score, the lower your interest rate and vice versa.
Buy here-pay here car loans have higher interest rates because we do all the financing in-house. BHPH’s the perfect alternative if you’re unable to qualify for traditional financing.
Obtaining your credit score range is a soft hit and will not affect your credit score. As for your actual credit score which is needed to lock in your finance terms, it’s a hard hit and will in fact affect your overall credit score.
There are several things to take into consideration when it comes to getting a great interest rate. Check your credit report for any errors prior to getting pre-approved and ask our finance team if a larger down payment will yield a lower rate.
To qualify for traditional financing, you need to have descent credit. The higher your credit score, the lower your interest rate and vice versa.
Buy here-pay here car loans have higher interest rates because we do all the financing in-house. BHPH’s the perfect alternative if you’re unable to qualify for traditional financing.
Obtaining your credit score range is a soft hit and will not affect your credit score. As for your actual credit score which is needed to lock in your finance terms, it’s a hard hit and will in fact affect your overall credit score.
There are several things to take into consideration when it comes to getting a great interest rate. Check your credit report for any errors prior to getting pre-approved and ask our finance team if a larger down payment will yield a lower rate.