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Your Credit and Financing a Car

If you’re looking to finance a car, you’re probably thinking about how your credit score might affect your interest rate and budget. Here at Lawley Toyota, our experts are ready to walk you through the process of navigating financing no matter what your credit score is.

Vehicle financing is not a “one size fits all” situation. When you apply for your auto loan, our team will work with you to find the best financing package for your lifestyle and budget. Here are some things to keep in mind about your credit and financing a vehicle.

Your Credit Score is Not the Only Thing Affecting Financing

Even if your credit score is not what you want it to be, many other factors are considered when you apply for an auto loan, including your income. You might also want to consider asking a friend or family member to cosign for you if you want to increase your chances of getting a good rate. Many factors play into what your auto financing package will look like. Call (575) 538-3777 if you’d like to find out more.

Buying a Car Can Help Your Credit

If you do have issues with credit, an auto loan is a great way to rebuild your credit. Even if your credit is right where you want it to be, buying a car can help you keep it that way. This makes it imperative that you only buy what you can afford and never miss a payment. When your credit rises, you’ll have even more options for financing in the future.

Applying for Credit is Easy

If you’re ready to apply for an auto loan, you can do so right here on our website. We work with multiple lenders and drivers of all backgrounds. We work hard to put together the best financing package for all of our customers.

Call (575) 538-3777 today or contact us online with any immediate questions about financing.