Did you know that banks not only check your credit score when buying or refinancing a house, but also when you go purchase or lease a vehicle. This is why you should be aware of what is being reported on your credit and have it checked at least twice a year.
Your credit score when buying a car will determine the interest rate you qualify for—basically, the better and higher your credit score is, the lower interest rate and payment the bank will give you.
Keep in mind, just because you're buying or leasing a vehicle at a dealership, doesn't mean you have to finance through them. Shop around for the best deal. If your work offers a credit union, check with them, or check with your car insurance agent, like State Farm Insurance that offer other products like vehicle loans (GAP insurance included)— but be weary of how many times each car dealership runs your credit report, too many inquiries can also affect your credit score
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