Having good credit is the foundation for getting a good deal on financing. Once you sign your auto loan, you enter a legal obligation to pay it back, so it’s essential to get the best possible price.
Watch the video to learn more about Financing and Getting the Best Price, then test your knowledge at the end of the lesson.
Low credit score can affect financing or leasing a vehicle in which of the following ways?
A. You may face strict terms
B. You may pay high interest rates
C. You may not get approved
D. All of the above
How can you improve your credit before you shop for a vehicle?
A. Negotiate with the dealership
B. Pay bills on time and pay down debt
C. Ask your employer for a pay raise
D. Open a new checking account
When negotiating the price of the vehicle, you should immediately reveal the maximum amount you’re willing to spend.
A. True
B. False