How to Finance Used Cars in Sacramento and Improve Your Credit Score
Posted Tuesday, Apr 02, 2024
Finance used cars in Sacramento the right way by understanding your credit score, choosing the right lender, and planning ahead. At Prestige Wholesale, we help buyers get approved and into a vehicle they love — even with challenged credit.
Why Credit Score Matters When You Finance Used Cars in Sacramento
Your credit score is one of the first things lenders look at. It helps them decide if you’re a low-risk borrower. A strong credit score often leads to better interest rates, lower monthly payments, and more vehicle options. If your credit needs work, don’t worry — many buyers finance used cars while rebuilding their credit.
How to Improve Your Credit Before Financing a Used Car
If you're planning to finance a used car, here are four practical steps you can take to raise your credit score:
1. Pay Bills on Time
Even one missed payment can hurt your credit. Set reminders or use auto-pay to ensure everything is paid on time — this alone can make a big difference.
2. Keep Credit Card Balances Low
Try to use less than 30% of your available credit. Lower balances signal responsible borrowing and help improve your credit utilization ratio.
3. Avoid Unnecessary Credit Applications
Each time you apply for new credit, a hard inquiry appears on your report. Too many inquiries can lower your score, so only apply when it counts.
4. Diversify Your Credit Mix
If possible, maintain a healthy mix of credit types — like a car loan and a credit card — to show you can manage different financial responsibilities.
Get Financing Through Prestige Wholesale
We understand that every buyer’s credit situation is unique. Whether you have great credit, no credit, or a few dings on your report, we work with a wide range of trusted lenders — including CapitalOne Auto and the CUDL Credit Union Lending Network.
Apply online here to get started. Our application process is quick, secure, and there’s no obligation — just a smart way to see your options.
Helpful Resources to Understand Credit and Financing
Want to learn more about credit scores and how they work? Check out these trusted sources:
- Experian: What Makes Up Your Credit Score
- Consumer Financial Protection Bureau: Credit Reports & Scores
