03. WHAT’S THE SCORE
WHAT’S Your Credit SCORE?
|
Are you going to get your own loan through a credit union or bank or are you going to depend on the dealership find you the best possible interest rate? Why should they find you the best rate, they make money on your loan. If you have great credit, chances are you know what your beacon score is and you know where to get the best rate possible. If you are unsure of your beacon score you may not be versed about your credit and the disadvantages this may create. The dealership may take advantage of you.
First, no matter how painful, go to your bank or go online and find out what your credit score is. If it is under 650, OUCH!!! If it is over 700 you are in charge. Just remember that knowledge is power. Go to the local credit union, you can join for as little as $5.00. They will at least give you a starting point. Find out how much you can borrow and what the payments will be. Additonally, call your insurance agent and let him or her know what type of vehicle you are interested in purchasing. Better to know what your insurance will cost you up front than getting a big surprised after you purchase the vehicle. |
|
