How to Get Pre-Approved for Chevrolet Financing

The world of Chevrolet financing can be confusing to navigate especially when you talk about getting pre-approved. At Woodhouse Chevrolet, we are here to make sure you know your options as well as answer whatever questions you may have.

Chevrolet Financing: You and Your Credit Score

Your credit score is a number that loan and financing agencies look at to see how likely you are to pay back a loan. This number is determined by your ability to pay back other loans on time. This includes things you have purchased with a credit card as well as major purchases you have financed such as homes, vehicles, and even jewelry.

Ideally, you want your credit score to be 700 or higher. If it is lower or non-existent, you may not have as much luck with getting approved, or you may have fewer options.

Chevrolet Financing: Getting Pre-Approved Even with Bad Credit

If you are a new driver or if you are working on building your credit back up, your credit may be less than decent. If that’s the case, you still have some options so you can get pre-approved.

A great option is to get a cosigner to sign your financing agreement with you. A cosigner is someone with better credit than you who agrees to pay for your vehicle if you stop paying.

You can also put down a large down payment, so you don’t have to finance the full value of the vehicle. To help make that larger down payment, you can trade in your old vehicle towards the model that you are financing.

Woodhouse Chevrolet will work with you to create a Chevrolet financing plan that works for you, no matter what your credit score looks like. So, stop by today to learn how to get a new Chevy vehicle parked in your garage today!