At Jaguar Bellevue, we believe the Jaguar finance process should be smooth and easy for everyone. That’s why we offer top financing tools and resources, like an easy online finance application and vehicle trade-in value estimator. It’s also why we’re sharing the top tips to raise your credit score, so you can take home the right car at the right price today.
Reduce Credit Usage
Your credit score is one of the most important factors to consider when financing a vehicle. The higher your credit score, the more favorable the financing terms that will be available to you, and one of the best ways to increase your credit score is by reducing the amount of credit you use. A good rule of thumb is to keep your total credit usage below 30%, and it may be worth it to take the time to pay down some of your loans before applying for vehicle financing.
Pay Your Bills on Time
Another important factor that affects your credit score is repayment. If you miss payments, it can seriously damage your credit, so always try to pay your bills on time. If you don’t think you’ll be able to, contact your credit holding company to make a payment plan that won’t affect your credit as much.
Ask For a Line Increase
One of the fastest ways to improve your credit score is by increasing your line of credit. This can help to get your credit usage under 30% without you having to pay a significant amount all at once. The important thing to remember is that you don’t want to use any more of that credit once it's granted.
Begin the Jaguar Financing Process in Bellevue, WA
No matter what your vehicle financing needs may be, Jaguar Bellevue is here to help. We make it easy to finance on your terms. Visit our dealership to begin the vehicle financing process with support from our expert team!
Categories:
Finance