Before you get too deep into looking at Genesis vehicles for sale, it is important to think about the Genesis financing process. Right now, you may not be ready to get pre-approved. Jenkins Genesis of Ocala has three tips that can help you succeed.
Know Where You Stand with Your Credit
Credit plays a big role in the car-buying process, but many people only have a basic idea of what their score is, or they may think it is much higher. This is why you should check your score — it’s one of the first factors lenders consider when approving an auto loan.
Boost Your Credit Score
If you have a strong credit score, you are already on a good path. However, if it’s a bit low, now is the time to fix this. You should make a point to access your credit report, as it could contain errors. Getting these rectified could give your score a quick boost. Paying off outstanding debt and setting up automatic payments so you never miss a payment can also be a big help.
Plan on a Bigger Down Payment
Lenders will be more inclined to lend you money when you are willing to make a significant investment at the beginning of the sale. You can demonstrate this by supplying a sizable down payment. Aim for 20 percent of the sale price but exceed that if you can. This could shorten your loan term and help you get a better interest rate, as a bonus.
Start the Genesis Financing Process in Ocala, FL
Once you are ready to begin the Genesis financing process, Jenkins Genesis of Ocala wants to make it as easy as possible. Just fill out our online application to get pre-approved for your loan. Contact us with any questions or stop by for a test drive today!
