If you're searching for a new or used vehicle, chances are you're pretty concerned with the numbers. Numbers like horsepower, fuel efficiency, mileage, and model year are easy to work with. What might be a little more complicated is figuring out how the price fits into your budget! At Murray Chevrolet Cadillac Medicine Hat, we take the mystery out of auto financing, and make it easy for you to get the loan you need so you can see the perfect car, truck, or SUV standing in your parking spot.
Looking for a car loan in Medicine Hat? It's easy to get started with our online application form. Simply fill it out, send with a click, and we'll take it from there. One of our Financial Service Managers will be in touch with you as soon as possible, and we'll tailor a financing solution that suits your lifestyle. We work with people who have all different kinds of credit histories, from pristine to less than perfect. Stop by our dealership at 1270 Trans Canada Way SE in Medicine Hat, AB, or give us a call at 1-888-527-1141 to chat about your financing options. Your dream car might be closer than you think!
What is a credit score?
Your credit score is an indicator of your financial wellbeing at a certain point in time, compared to other customers. It's usually measured on a scale from 300 to 900. The higher your number, the less of a risk you present to a lender. Typically, lenders only like to lend to people with a score of 550 or higher. Your credit score can also affect the amount of interest you pay on a loan. Your credit score plays an important factor in your application for a car loan in Medicine Hat.
What is a credit report?
A credit report is a summary of your payment history. It lists the types of credit you have (like mortgages, student loans, credit cards, and other borrowing methods), and the amount of available credit you're using. Your credit report is put together through Equifax and TransUnion, which are credit-reporting agencies. This report is used as one of the main ways for lenders to determine if they will offer you credit.
How do I get my credit report?
You can get your credit report from either Equifax or TransUnion. It's free, and will take approximately 2 to 6 weeks to arrive. If you need it more quickly, there's an option to pay for express delivery.
Why should I check my credit score?
Checking your score will help you spot any payment errors and check for signs of fraud. But it's recommended that you don't request your credit report more than once per year, since this can raise red flags for any potential lenders, even if you have good credit! Credit proposals and bankruptcy are visible on your report for 7 years.
Your privacy is important to us.
Murray Chevrolet Cadillac takes your privacy seriously and does not rent or sell your personal information to third parties without your consent.