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.
