There are few things in life that are more exciting than finally getting behind the wheel of a brand new car. You are the one that tears the plastic off of the seats and gets to bask in the ambience of that new car smell. But unfortunately, there is a bit of a catch to new car ownership; your credit score. That simple three-digit number that could either make or break that new car deal. You might be thinking to yourself now, how does bad credit affect buying a car? Well, we at Lakeside Toyota are going to shed some light on the subject and hopefully get you the necessary information and answer your questions.
Your Credit Score and the Automotive Industry
If your credit score is lower than you'd like it to be, there are a few simple steps you can take to make sure it doesn't get any lower and steadily rises from there on out. These steps also work great for those with good credit scores who are looking to keep things that way.
Pay down and keep credit balances low
Make sure to pay bills on time
Pay more than the minimum if you can
Only apply for/open new lines of credit as necessary
Under-use your credit cards