July 1, 2010

ANNOUNCER:

SUMMER IS HERE AND MANY DEALERS ARE OFFERING INCENTIVES TO MOVE CARS OFF THEIR LOTS. KNOWING YOUR CREDIT SCORE BEFORE HEADING TO THE DEALERSHIP CAN HELP YOU GET THE BEST DEAL, SAYS MAXINE SWEET WITH EXPERIAN.

MAXINE SWEET:

“An auto lender typically receives a credit score based on your credit history and that’s heavily influenced by how you have repaid other vehicle loans. Knowing where you stand may help you negotiate better rates.”

ANNOUNCER:

KNOW HOW MUCH YOU CAN AFFORD AS A DOWN PAYMENT. LOWER CREDIT SCORES MAY REQUIRE A LARGER DOWNPAYMENT. GET PRE-QUALIFIED BY YOUR BANK BEFORE HEADING TO THE DEALERSHIP TO KNOW WHAT LOAN RATES ARE AVAILABLE TO YOU. IF YOU DECIDE TO BUY A USED VEHICLE, HAVE A LICENSED MECHANIC INSPECT IT. ALSO REQUEST A VEHICLE HISTORY REPORT FROM YOUR DEALER OR VISIT AUTOCHECK DOT COM.

MAXINE SWEET:

“While the economic climate has changed the car-buying process, you can still finance a vehicle if you know what to expect. Buying a car is a big investment. Be prepared so you can drive off the lot confident about the purchasing decision you’ve made.”

ANNOUNCER: