Credit Estimator
When you are shopping for a new vehicle, one important factor is your credit score. At Rowe Lincoln Westbrook, we use a credit estimator tool run by Car and Driver and Equifax to estimate your credit and help determine your financing options with no impact on your credit score.
Use Our Credit Estimator with No Impact on Your Credit Score
At Rowe Lincoln Westbrook, we utilize resources from Car and Driver and Equifax to estimate your credit score from the comfort of your home using our online application with no impact on your credit score. Car and Driver is a trusted automotive publication that provides expert reviews and advice. Equifax is one of the three major credit bureaus in the United States. They collect financial data on consumers to generate credit reports and scores.
Equifax looks at factors like your payment history, outstanding debt, length of credit history, types of credit used, and recent credit inquiries. This information is used to calculate a three-digit credit score ranging from 300-850. Higher scores indicate lower credit risk. If you're a Saco resident looking to finance a new Lincoln Aviator or Lincoln Corsair, our team will work with you to estimate your credit and explore your options.
Understanding Credit Scores
A credit score is a numerical representation of your creditworthiness, based on the information in your credit report. It helps lenders assess the risk of lending money to you. The most common credit scoring model is the FICO score, which ranges from 300 to 850.
Several factors influence your credit score, including your payment history, credit utilization, length of credit history, credit mix, and new credit inquiries. Maintaining a good credit score involves paying bills on time, keeping credit card balances low, having a mix of credit types, and avoiding too many new credit applications in a short period.
Generally, credit scores are categorized as follows: 800-850 (exceptional), 740-799 (very good), 670-739 (good), 580-669 (fair), and 300-579 (poor). A higher credit score can help you qualify for better interest rates and loan terms when financing a vehicle like the Lincoln Nautilus or Lincoln Navigator in Portland, Maine
Visit Rowe Lincoln Westbrook Today
If you're shopping for a Lincoln luxury SUV, visit Rowe Lincoln Westbrook. Use our online credit estimator, then contact us today to schedule your test drive!