Importance of Good Credit when Applying
for Pre Owned Cars and Used Trucks
How to Stay Away From Bad Credit Car Loans
Super Dave's Auto Sales ensures you have insight and information into the exact meaning of good credit. Use your credit score to your advantage when applying for auto financing to purchase one of our exceptionally well-conditioned pre owned cars or used trucks! We provide you with a complete understanding of the definition of the term good credit and the benefits of a high credit rating. Super Dave's auto finance is far ahead of the rest with great deals and interest rates when you demonstrate a good credit score!
Good Credit Lets You Afford the Perfect Pre Owned Car!
Have you ever wondered why some people seem to have it all? They get the things they want and need so easily. The simple fact is this; they possess an excellent credit rating. Every business organization, enterprise and financial institution assesses the credit risk of any individual who applies for financing. Financial administrators will look at your credit history to determine if you are a safe credit risk. A high credit score is always an indicator of good credit.
As one of Nova Scotia's finest Used Car Dealers, Super Dave's Auto Sales uses your credit score to provide a clear picture of your financial history. This information assists us in the determination of your ability to pay off a loan on one of our pre owned cars or used trucks. A financial history involves several factors including your payment history, your outstanding debt, the amount of time you have used to build your credit and the number of inquiries on your credit report.
Factors that Affect Your Credit Score:
- The most significant factor to Super Dave's Auto Sales is whether or not you pay your bills in full and on time.
- Equally important, our financial advisors look at your credit card balances to see how many are maxed out. It is important to keep your credit balances at approximately 25% or less of your credit limits.
- Next, we view the length of time you have had available credit. The longer your credit history is, the higher your credit rating will be.
- The number of times you have applied for credit cards or loans will affect your credit report. A high number can be an indicator that you are struggling financially or you have a large amount of debt, even if you have never used the cards or received the loans.
- Finally, steady employment shows you have the resources to pay your bills on time.
Often people do not understand the factors that determine their car loan credit score. Knowing these factors will help place you in a position to get the very best car loan terms and interest rates. Super Dave's Auto Sales wants to give you the credit skills to avoid bad credit car loans.
Optimal Credit Score Range for Pre Owned Cars and Used Trucks Loan
Credit scores generally range from 340 to 850. When Super Dave's Auto Sales sees a score of 650 to 700 or more, we will offer you more financial options and better interest rates. Our partnership with local Nova Scotia banks as well as all major banks along with our one of a kind In House Financing Program provides you with excellent opportunities for auto financing. As with all things in life, knowledge is power! Carefully research your credit score to provide yourself with a general idea of what to expect in the way of service from used car dealers. You can contact two agencies that maintain credit scores; Trans Union and Equifax. You have a better chance of getting a loan at a great rate and instant approval the more balanced you appear financially!
Super Dave's Auto Sales welcomes your inquiries and comments about good credit. Our friendly and experienced sales team is available anytime to sit down in person and discuss your auto finance options. We can even set people up with bad credit car loans if it suits their particular situation. Our skilled sales team gives you all the information you need to do business with used car dealers. We invite you to browse our finance pages or to visit our FAQ page for more information. Please contact us anytime for further details on our financing guidelines and policies. We look forward to hearing from you.