Special Financing

We Have Special Financing Options for All Mississippi Drivers

When you are ready to purchase a new or pre-owned vehicle at Astro Ford of D'lberville, it can become overwhelming when you discover all the choices you need to make, from selecting the perfect Ford to drive home to Biloxi or Ocean Springs to the extended warranty you can purchase, the service packages, and the process of securing the best loan for your purchase. With a Ford car, truck, or SUV purchase often being one of the largest ticket items you will buy other than your home in St. Martin, making the right financial choices can feel like a heavy burden. Fortunately, the in-house finance team at Astro Ford of D'lberville is here to offer guidance and answer all your questions regarding our services and the financing we can help you secure for your vehicle purchase.

What Is Your Credit Score?

Your credit score is a three-digit number that is used to determine your creditworthiness. It is based on factors such as your past credit history, income, and the amount of debt you currently carry. The higher your score, which can reach 850 with exceptional credit, the easier it is to secure a loan with great credit terms and rates. If your score is 800 or more, you have excellent credit. A rating from 740 to 799 is very good, while a good rating ranges from 670 to 739. A fair credit score is between 580 and 699, with anything below 580 rated as poor.

What Your Credit Score Means When Getting A Vehicle Loan

Typically, you can secure what is called a prime loan for a vehicle with a credit score of 661 or greater. These loans offer the best terms and rates. If your score is between 601 and 660, your loan is considered nonprime and will have a bit higher interest rate. Subprime loans carry the highest interest rate and are offered to buyers with a credit score of 501 to 600. Any score below 500 can be challenging to secure. But what you should also understand is that the finance team at Astro Ford of D'lberville has decades of combined expertise in securing loans for all our customers, even those who have faced credit challenges in the past. Our goal is to get you into a safe and reliable Ford vehicle with a loan that will meet your needs and help you establish or rebuild your credit by making your car payments on time.

How To Help Your Credit Score And Increase Your Loan Options

When you have a low credit score due to past challenges or have not established a strong credit history and have a minimal credit score, the experts at Astro Ford of D'lberville are here to help you get a vehicle loan and work to increase your credit score to impact future vehicle purchases and loan options. These tips will help you boost your credit score and make purchasing a vehicle less stressful:

• Pay all your bills and loans on time
• Reduce the amount of debt you carry, particularly revolving debt of credit cards – make multiple payments per month when possible
• Keep balances low with a target of utilizing only about 30% of your available credit
• Maintain a long credit history by keeping older accounts open even when they are not in frequent use
• Limit opening too many new credit accounts in a short period of time, which is viewed as a potential credit issue for lenders
• Monitor your credit report regularly and dispute any errors