What are the benefits of a good credit score?

There are a number of benefits of a good credit score besides just increasing the likelihood you will get accepted to finance your new lease vehicle. 

Lower interest rates - A good credit score is likely to lower interest rates on any new loans. As you are seen as a lower risk they will be keener to persuade you to borrow from them and therefore they will want to make the cost of the loan cheaper. 

Higher credit limits – The better your score, the more you will be able to borrow. 

More choice – your increased likelihood of getting accepted for finance will allow you access to a wider range of offers and providers.

All Carparison customers can understand, monitor, and check your credit report and score using our 14-day free trial with Credit Score Pro.