: Analyze Your Circumstances

Get Your Credit Score Ready

Your credit score will be used to judge your character and your ability to pay back a car loan. That's why it's vital to work toward a good score, so you have it when you need it.

If you apply for new credit, the lender will review your credit score because it shows your history and habits with borrowed money. This is true whether you need a:

  • Credit card 
  • Store card 
  • Mortgage 
  • Loan or lease to buy a car 

Understand Your Numbers

The higher your credit score, the easier it will be for you to obtain credit and qualify for favorable interest rates. The opposite is true if you have a bad credit score. 

A good score depends on the scoring model that is used, but a majority of lenders will use your FICO score.

FICO ssores

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