At times, purchasing a vehicle as a first time car owner can be tricky because auto dealers view your credit report with your reported credit score. Credit report is a history of your financial life such as credit card use, mortgage, student loans, or any loans or bills of your past and present.
When visiting a dealership to purchase a used car our finance department will view your report and credit score to determine your interest rate. If you have a low credit score, and have had a history of financial problems, your interest rate will be higher than someone who has a great financial history.
You may think since you don’t have financial history you will receive a good interest rate, however, it’s the opposite. As lenders we don’t want to see a lack of credit, the less we see, the more risky. But Del Toro Auto Sales in Auburn have options for first time car buyers.
Over the years we had helped many first time buyers with auto loans with great financing rates. If you are a first time buyer, you can apply here for an auto loan in Auburn and within minutes we will provide you with approval options.
Establishing Good Credit with Del Toro Auto Sales
A car loan is a perfect way to begin establishing good credit for first time car buyers and we are here to help. Fill out our quick and easy application online and one of our team members will contact you with options.
We look forward to the opportunity to help you get on the right track with establishing good credit at Del Toro Auto Sales as a first time car owner.
For more financing options and to view our inventory please visit www.deltoroautosales.com or call 253-333-2481, we are here 7 days a week.
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