What is a credit score?

Your credit score can be an important factor in figuring your qualifying interest rates. Ranging from 300-850, scores over 700 typically mean that you can qualify for lower interest rates. Based on your credit history, this number might factor in late payments on car loans or credit cards and the mount of time that you've had your financial accounts.

Establish your price range

With a poor credit score, your interest rate will likely be higher on your loan. It will be easier to make your payments if you purchase a vehicle that is slightly under your ideal price range. Learn beforehand how much you can afford with a higher interest rate.

Keep up with your payments

Make your payments as soon as possible and pay over your minimum payment every month. You even have the option to pay your loan off early, if you can. If you pay your loan off early, this will improve your credit score, possibly resulting in in a lower, more feasible rate for future car purchases.

Learn more today

At Cobb County Toyota, we work with customers with a range of financial situations. If you're worried about what kind of vehicle you can afford, please stop by and see us. We'll try our best to find a vehicle and payment option that fits your needs.