
Before you walk into any car dealership to buy or lease your next vehicle, you should make sure you know what your credit score looks like.
Your credit score is a three-digit number that is used by lenders across the board to assess an individual’s predicted capacity to pay back a loan. The higher your credit score is, the more likely it is that you will be offered a favorable rate of interest on your loan repayments. The same applies to leases; those with better credit scores will find it easier to secure lower auto lease rates.