What is Credit?
Credit can mean many things. Ultimately, credit is your power to pay for life’s largest, and most important as- sets. Auto credit comes in all shapes, rates, and sizes. We are here to help the math make sense and help you face any challenges head on.
Why do you need Credit?
Credit is a tool, it can unlock and access the funds you need to make that next big step such as buying a vehicle or a home. It can also lock up these opportunities if it is not understood or anything negative should occur. Our plans help you overcome any challenges you may be facing, and get you on track to a healthy credit future where you call the shots.
Bad Credit or Sub-Prime Loan?
Is a sum of money given to a customer with poor credit history in the effort to help that individual build their credit with higher interests rates than traditional loans. The higher rates are built in to offset risk to a bank or lender and it’s shareholders.
Leasing vs Financing?
Leasing gives greater flexibility with shorter terms and easier credit approvals based on less risk to River City Ford.
Financing a vehicle often means taking out a credit loan that ties you into a long-term contract with different credit packages depending on your financial situation.
What happens if you miss a payment?
If you miss a payment, your credit score will be negatively impacted. It is recommended that you make your payments on time, doing so will actually improve your credit score.