While some drivers can afford to pay for a new RAM truck with cash or check upfront, the majority opt to take out an auto loan. Here in our Jeep financing center at Gandrud Chrysler Dodge Jeep RAM, our team of finance experts aims to get you an auto loan that works for you.
Here are some tips for auto loan approval.
Check Your Credit Report
Before you start the auto loan application process, it’s important to check your credit score. Both your credit score and income play a huge role in whether or not you will be approved for a loan and what the interest rate will be. If there are any errors or incorrect information on the report, such as fraudulent activity, you could potentially be turned down for a loan or offered one with a high interest rate.
If you find that your credit score is subpar, under around 600 or so, it might be worth the time to spend some time improving it before you apply for a loan. However, keep in mind that the finance professionals at our Green Bay Jeep dealership will find you a loan even if you have bad credit or no credit.
One of the best aspects of financing through our dealership is that we offer the ability to get pre-approved for a loan. To do this, you simply need to fill out the contact form, as well as:
- Employment information
- Banking information
- Co-applicant information
- Co-applicant employment information
- Important privacy information
Here in our Jeep financing center, we’re happy to walk you through the auto loan process. Contact our dealers for more tips.