How to be successful in your auto loan
How to be successful in your auto loan

How to be successful in your auto loan

October 16, 2023

At B&G Auto Sales, we believe that everyone deserves a chance to own a reliable vehicle, regardless of their credit history. But did you know that purchasing a car through us can also help improve your credit score? Here’s how:

  1. Consistent Payments: When you finance a car through B&G Auto Sales, your regular, on-time payments are reported to the credit bureaus. This consistent payment history can positively impact your credit score over time.

  2. Credit Mix: Lenders like to see a mix of different types of credit on your report. Adding an auto loan to your credit mix can show lenders that you’re capable of managing different types of credit responsibly.

  3. Lower Credit Utilization: If you’re using a large percentage of your available credit, it can negatively impact your credit score. By adding a car loan to your credit profile, you’re increasing your overall credit limit, which can lower your credit utilization ratio.

  4. Building a Relationship with a Lender: By successfully paying off your auto loan, you’re building a positive relationship with us as your lender. This can open up opportunities for future loans with more favorable terms.

At B&G Auto Sales, we’re committed to helping our customers improve their financial situation. Our team will work with you to find a vehicle and financing plan that fits your budget. Plus, our $500 n Drive program allows you to drive away with a vehicle for as little as $500 down payment.

Ready to start improving your credit? Apply for auto financing online now or call us at 480.707.9008. We look forward to helping you drive away in your perfect vehicle and on the road to a better credit score!

Our goal is customer satisfaction. We strive to provide local residents with the best cars, the best prices and the best service. Come down today to B&G Auto Sales and see how our goal is to be the best dealer in Arizona.
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