Auto Buyers

Are you planning to buy an auto, motorcycle, ATV, boat or camper in the future?

Remember that your credit scores will dictate the amount of interest that you’ll pay. Consumers with low credit scores will often pay more (in interest payments) for the same product than consumers with high credit scores.

Look at this example:

This example clearly shows that someone with a 580 score pays over $6,000 more in interest payments than someone with a 670 score.

If your credit scores are below 670; don’t wait (until you’re ready to buy) to raise them. Depending on your situation, it can take some time and you could miss out on a great buying opportunity.

 

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