Why It’s Important to Know Your Credit Score When Buying a Car

What’s the Big Deal?

Buying a car without knowing your credit score, sometimes called a FICO score, is a lot like going on vacation to a place you’ve never been before and not bringing along a road map. Just as the road map tells you where you are going and how to get there, your credit score can tell you how to buy a car and, in many cases, where to buy a car.

How Can a Credit Score Can Tell You How and Where to Buy

If you have a credit score above 620, you can probably buy a car in the usual way with conventional financing at any car dealership.

If you have a credit score below 620, you probably will be looking at sub prime financing. Because the sub prime buying process is very different from conventional financing, you should do some additional research before deciding on how to proceed with your purchase. One place to look for this information is right here on this site www.autocreditexpress.com – here you can read about additional requirements as well as calculate the amount you will be able to finance.

Posted on December 27, 2007 by in New Cars
Reader Comments

One Response to Why It’s Important to Know Your Credit Score When Buying a Car

  1. Opra says:

    Frankly speaking, credit score is important not only when buying a car… There are a lot of situations when credit score plays a great role. Unfortunately, not all of understand it:(

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