What Credit Score Do I Need for MAZDA Financing?

When it comes to Mazda financing, there’s no hard and fast rule about how high your credit score needs to be. However, having a higher score will get you access to better financing offers, and it may be hard to find offers at all below a certain threshold. If you’re worried about your credit score, talk to our team at El Dorado Mazda sooner rather than later to find a plan that works for you.

What’s the Minimum Credit Score?

In general, credit scores above 661 are considered “prime.” Roughly 71 percent of new cars were financed to drivers with credit scores at this level or above, so if you’re trying to raise your score before financing, this is the threshold to target. However, you may be able to find a plan that works with a lower score, too.

How Do I Check My Score?

Checking your credit score online is easier than ever. You can use an online tool like AnnualCreditReport.com to get a complete snapshot of your credit; despite the name, you can get free updates every week. You may also be able to check your credit score through your bank at no additional cost.

How Do I Finance with Bad Credit?

If you have a less than stellar credit history, there are still ways to get financing approved. Plan to make a bigger down payment, which reduces the amount you’re financing for and can make you a more attractive applicant. If you’ve recently gotten a new job or a raise, you can improve your application by bringing in paystubs or a W-9 form for your new job.

Apply for MAZDA Financing in McKinney, TX

Most successful credit applications come from drivers with credit scores of 661 or above, but there are still plenty of ways to get behind the wheel if you have a subprime score. Talk to our team at our McKinney, TX Mazda dealership to find out more! With our squad of financial professionals behind you, you’ll be able to get back on the road in no time, so stop by today.