Ask the Experts: Some Frequently Asked Questions about the Automotive Industry

Credit and Budgeting Questions

What kind of things impact my credit score?

The most important factor that impacts your credit score is how you make your payments.  If you pay your credit cards, loans, and other financial obligations on-time, you will be able to maintain a high credit score.  It is also the easiest way for our Lindale, TX customers  to rebuild your credit if you have had financial challenges in the past.  If you have credit cards, another thing that can impact your credit score is the overutilization of your available credit.  Many experts say that you shouldn't use any more than ten percent of your available credit at any time.  This means that if you have a $2000 credit card limit, you should charge no more than $200 on that card.  You should also avoid applying for a lot of credit before you are planning on applying for a major loan, like a mortgage or car loan as frequent "hard credit pulls" can lower your score.

    
 

How Can I Tell What I Can Afford When Shopping for My Next Vehicle

Some of our Terrell, TX customers tell us they are unsure what kind of monthly payment they can afford.  One guideline we suggest our customers use is the 20/4/10 rule.  This will help you figure out what kind of monthly payment you can afford and which vehicles you should be looking at based on price.  This rule states that you should put 20 percent down, finance for no more than four years, and your vehicle expenses, including your insurance, should be no more than ten percent of your gross income.  This is not a hard, steadfast rule, but a guideline to get you started into thinking about budgeting.

Service Question

Why Does the Service Center Use Authentic Mopar® Parts on my Vehicle?

Ask the Experts

By submitting your contact information, you consent to be contacted by telephone about purchasing a vehicle or obtaining vehicle financing. Clicking on the Submit button above is your electronic signature.

The service center at i20 Chrysler Dodge Jeep RAM, located at 15710 I-20 Frontage Road in Canton, TX, is committed to always doing what is best for you and your vehicle.  Authentic, genuine Mopar® parts are the only ones that are guaranteed to work to the same standards as the parts they are replacing.  In addition, they are also the only ones that have been manufactured to those same standards.  This could end up saving you lots of money in the long.

We Are Here for Your Questions

i20 Chrysler Dodge Jeep RAM, in Canton, TX, and only a 30-minute drive from Athens, TX, is always here for your questions.  Contact us and give us the chance to show you our commitment to enhancing your customer experience.

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