Our Lexus financing team at Fields Lexus of Glenview works with buyers with low or no credit. However, there are a few tips you can follow to improve your application before you visit our Chicagoland Lexus dealership.
Getting Informed
If you’re worried about how your credit score will affect your finance application, doing research at home is a great idea. A free credit report will tell you exactly where your credit stands and about give you information about any open accounts. You can also apply for Lexus financing online through the application on our site, which will give you even more information about when you visit our showroom.
Improving Your Application
There are ways to improve your credit application, especially if your financial situation changes. If you have recently made any major payments on debt, they may not appear on your credit report, so bring in any receipts or documentation to show to your financier. You should plan to put down a bigger down payment, as that lowers the overall amount of the loan.
Adding a Co-Signer
The easiest way to improve your application for financing is to add a co-signer with a better credit score, but this can come with downsides. Your co-signer will be responsible for any missed payments and any negative changes to your credit score will also occur on theirs. Before you commit, have a conversation with your potential co-signer about what will happen if you can’t make the payments.
Finance a New Lexus Car in Glenview, IL Near Chicago
We have vehicles for every type of credit at Fields Lexus of Glenview, from new cars and leases to pre-owned vehicles from Lexus and beyond. Visit us and talk to our team to find out more about financing with low or no credit, then take your next great car for a test drive today!
