Once you’ve decided to buy a Land Rover vehicle, before you start shopping for the perfect model, you should focus on getting pre-approved for a loan. Here our Land Rover finance center offers tips that can help lead to success.
Boost Your Credit Score
Credit plays a significant role in the financing process. This is why the first thing you should do is check to see what your current score is. If it’s in the Good category or better, you may not need to do anything. If it’s poor or fair, however, you might want to consider doing things to raise it, like paying off or consolidating debt.
Use a Co-Signer
Increasing a credit score does take some time, and if you can’t wait, you should consider a co-signer. When someone with a good credit score co-signs, this can immediately improve your chances of getting a loan, along with a favorable interest rate. Just remember that this person will be on the hook if there are any missed payments.
Provide a Larger Down Payment
Another thing you can do to increase your chances of getting a loan is to supply a sizable down payment. The more you can put up, the better this looks to a lender. A 20-percent down payment is ideal, but if you can, you should think about going even higher.
Start the Land Rover Financing Process in Waukesha, WI
If you’re ready to get the Land Rover financing process underway, Land Rover Waukesha makes it easy. All you have to do is fill out our online application to get pre-approved for your loan. Our friendly professionals are ready to get you approved and behind the wheel of a new Land Rover vehicle today!