Before you meet with our team at Patrick Volkswagen to explore vehicle leasing or financing options, you might want to raise your credit score. While our team can work with you if you have poorer credit, it’s always in your interest to build up credit before applying for financing. As part of our VW finance tips series, learn how to raise your credit score at our dealership.
Minimize Credit Card Usage
In the months leading up to seeking auto financing, you should keep your credit card usage down. This is a critical factor in determining credit score and is an obvious first step for most financing-seekers. Ideally, you shouldn’t use more than 30% of your available credit. If necessary, ask your credit card company to increase your limits.
Pay Your Bills Promptly
Credit bureaus don’t like to see a finance who doesn’t pay their bills promptly. Staying on top of your payments is a great way to improve your credit score. If you have any overdue bills, pay them before seeking Volkswagen finance offers.
Pay Off Your Debts
If you have any outstanding debts on your account, it’s best to pay them down (or off, if possible) before seeking VW financing. This will improve your credit score and allow you to seek better auto finance offers.
Don’t Seek Other Financing
Until you’ve secured Volkswagen financing, you shouldn’t add other loans or accounts to your credit report. Adding too many accounts in a row will be a severe black mark on your financial standing.
Explore VW Finance Options in Auburn, MA
See what financing options are available for you and your model. Contact Patrick Volkswagen today to explore VW finance offers that fit your budget and to take a test drive today!