Memorial Day weekend is the unofficial start to summer and one of the hottest times to test drive that new ride you’ve been eyeing. Prices are slashed – and the salesforce is primed to make their quota by cutting deals that’ll get you behind the wheel if your credit scores will go the distance.
Use these “Credit Road Rules” to help take the stress out of maneuvering auto financing:
CREDIT ROAD RULE #1: STOP – See where you stand because it can impact your decision on a make and model.
CREDIT ROAD RULE #2: DANGER AHEAD – Score-lowering errors left unaddressed could impact your interest rate.
CREDIT ROAD RULE #3: RED LIGHT – Put the brakes on opening any new credit cards.
CREDIT ROAD RULE #4: GREEN LIGHT – Get preapproved to remove doubt about the rate you will be offered.