Rate, not approval: what your credit score does to a car loan
Your credit score walks into the room before you do when you finance a car. Here is what it actually changes — and what it doesn't — in under a minute. From Champion Auto Finance.
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Transcript
Your credit score walks into the room before you do when you finance a car. Here is what it actually changes — and what it doesn't — in under a minute.
What it changes most is the rate. The same car, the same loan, can cost dramatically different totals across credit tiers — that's the real price of a score.
What it changes less than you fear: approval itself. Lenders exist across the whole spectrum, and steady income plus a sensible deal gets financed at every tier.
And it's not permanent. On-time car payments are among the best score-builders there are — the loan you can get today improves the loan you can get next time.
Champion Auto Finance works with every credit situation, subject to lender approval, across New Jersey, New York, and Pennsylvania. See where you stand at championautofinance dot com.
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