Understanding credit scores and how your own relates to your car-buying experience in an important part of the car shopping process. But what exactly is a credit score? And how will yours influence your shopping experience? 

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WHAT IS A CREDIT SCORE?
Simply put, a credit score is a number used by lending institutions to help them determine the amount of risk they are taking on by issue a specific loan. Generally, the higher the score, the more likely the intuition will be to issue the loan.  
HOW IS A CREDIT SCORE CALCULATED?
A credit score takes into account a number of factors. Some of the most important include payment history on past bills and lines of credit, current debt, and length of credit history. A history of delinquent payments and debt tends to lead to a lower credit score, while timely repayment of credit over a long period of time results in a higher credit score. 
CREDIT SCORES AND AUTO LOANS.
Usually, a higher credit score will land you more favorable lending terms when financing a car purchase. At Crest Cadillac, though, we're committed to working with each customer on an individual level - regardless of their credit history - to find a solution that works best for them. Stop by today to speak with one of our experienced financial experts.