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Redwood Auto Buying Guide

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Eager to Move Full Speed Ahead With YOUR FIRST VEHICLE PURCHASE? Not so fast! Before you head to the dealer and start test-driving vehicles, take a moment to familiarize yourself with the car-buying process so you know what to expect. After all, driving home your first car involves a lot more than just deciding which vehicle you want to buy. You also need to figure out financing, determine your spending limit, and more. To steer clear of unnecessary twists and turns in your car-buying journey, check out the information in this guide. You'll find that a little bit of research up front can save you a whole lot of stress down the road. Unless you're planning to purchase your vehicle with cash, you'll want to check your credit score before you get too serious about buying a car. Why? Because your credit score will dictate the interest rate you'll receive on your loan. The higher your score, the lower your interest rate and the less interest you'll have to pay. You can request your credit score from the three main credit bureaus: Equifax ® , Experian™, and TransUnion ® . Generally speaking, a credit score above 680 is considered good, while a credit score below 620 is considered poor. If you're looking to raise your credit score before you secure financing for your vehicle purchase, here are a few things you can do: REV UP YOUR CREDIT SCORE 01 02 03 PAY A L L B I L L S O N T I M E . R ED U CE E XI S T I N G D EB T S . D O N ' T O PEN N E W CR ED I T C A R DS T H AT YO U D O N ' T N EED.

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