You can also get started right now by using our online credit application form. Just by filling out some basic information about yourself will allow our financing team to get started finding you the best financial plan possible! And not only is this application completely free, but all your information remains strictly confidential – so there’s no downside!
No matter what vehicle make and model you’re interested in, the best financing options are here at Capital Auto Centre!
OnTrack Credit Repair Program
Are you struggling with a less-than-ideal credit score? Are other dealerships turning you away? Let Capital Auto Centre help repair your credit! Our OnTrack Credit Repair Program provides you with simple financing plans to quickly and easily improve your credit score!
Credit FAQ
Credit is essential for borrowing money. These scores represent the likelihood that a person will repay their loans, and is determined by a person’s borrowing history as well as additional variables. Below are answers to frequently asked questions about credit, credit reports and credit scores. If you have additional questions, don’t hesitate to contact Capital Auto centres Finance Department for anything relating to St. John’s pre-owned vehicle financing.
I have bad credit, what should I do?
If you have less than perfect credit, it’s okay; you’re not alone. Millions suffer from bad credit for a variety of reasons. To improve your situation, start by getting reports from all reporting agencies. This will shed light on what exactly is affecting your credit. Credit reports may contain inaccuracies you can correct to help get your credit improving. Paying down high balances and paying on time will go a long way to improving it too.
What is a credit score?
A credit score represents your creditworthiness and is used by lenders to gauge whether a person will make their payment on the due date. Scores are largely based on a person’s borrowing history. The higher the credit score, the more likely you’ll be able to obtain credit and/or secure a better interest rate.
What is a good credit score?
Credit scores range between 300 and 900. Typically, a good credit score is above 680.
What is a bad credit score?
The average credit score is 680. Anything below 620 is considered a poor score, also known as “sub-prime.”
How can I boost my credit score?
For those who already have a good credit score, rest assured that it’s easier to maintain a good score than to improve a sub-prime one. Good credit can be maintained by adhering to healthy financial habits, such as keeping payments on time and shopping on credit only when it’s absolutely necessary. Avoid making dramatic credit changes and don’t close old accounts. Financing a vehicle is an excellent way to boost your credit because your regular payments add to your credibility, which in turn, adds to your creditworthiness.