Long before you can drive home from a dealership in a fantastic Jaguar car, you need to work out the financial aspects of your purchase. The first step is to get pre-approved for a loan. The Jaguar finance department at Jaguar Northfield offers these tips that can help make the process a successful one.
Know Where You Stand Credit-Wise
Lenders look at numerous factors before deciding to loan you money. These include the amount you want to borrow and your income. Another thing they look at closely is your credit score. This is why you should know what this is at the start of your financing process. It’s also a smart idea to look at your credit report to see if there are any errors.
Do Things to Raise Your Credit Score
If your score is lacking, now is the time to think about how to raise it. Paying off debt is a great place to start, and you may also want to consider consolidating it. Getting your bills paid on time every month can also boost your score, so employing automatic payments could help you out.
Increase Your Chances of Success
If you want to buy a vehicle soon and can’t wait to raise your credit score, there are other options. Putting up a substantial amount of money for the down payment can show lenders that you are serious about buying. You could also have someone with good credit be a co-signer on your loan.
Start the Financing Process in Northfield, IL Near Chicago
Once you are ready to begin the Jaguar financing process, it can be done simply. Just fill out our online application and one of our financing professionals will contact you. If you have any questions or concerns, feel free to get in touch with Jaguar Northfield today!
