What Determines Your Credit Score?

Your Credit Score & How it Impacts the Buying Process

Whether we mean to shop for a new car or it happens unexpectedly, the process of selecting the right car can be exciting. When you browse our selection of new Mazda CX-5, CX-9, Mazda3, Mazda6, or MX-5 Miata models, you see how many options you have to choose from, and sometimes the selection process can be difficult.

One thing that makes the process of buying or leasing a new Mazda model even more challenging is your credit score. If it's lower than it should be, you will face adversity when securing financing. Though our team has been through the process of finding our customers the right lease or loan for their budget, sometimes there's only so much that can be done when working with the banks about APR and monthly payment amounts.

If you haven't already gotten a glimpse into your credit history, now is the right time to do so, because when you have a grip on what your score looks like, you'll feel more prepared when it comes time for financing. Aren't sure what goes into a credit score? Do you want to know why your score is the way that it is? We're happy to help you sort out the financing process to get you wiser about credit scores.

What Affects Your Score?

When our customers come in with a bad score, it's usually because they fell behind on payments, and while this is a common problem, it's not the only way your score is impacted. Here's a quick breakdown of the things that have an effect on your credit score:

  • Payment History: We covered this above. Having a history of on-time payments is sure to improve your score in the long run. Don't fall behind or skip payments and you're looking at a good score.
  • How Much Credit is Used: This may seem like it's counterintuitive, but the amount of credit you have available helps to prove that you manage your credit well and can be trusted with a loan or lease.
  • History of Using Your Credit: If you've been using credit for a while, your score will reflect that based on how you used this credit. This includes old and new accounts and takes into account how long you've been using your credit.
  • Hard Inquiries: When a lender checks your score, it comes through as a hard inquiry, which means that you're going to see a dip in your score. Several inquiries close together will occur as a single inquiry so that it won't hurt as much.
  • How Many Accounts You Have: Having a bunch of accounts open with a balance on them is sure to harm your credit while having zero balances on your accounts has a better impact.

What Can You Do?

Whether you have good credit, bad credit, or no credit, we're here to help. A bad credit score isn't the end of the world, and many customers don't know that it can be repaired with a few simple solutions:

  • Get Caught Up: It may seem hard at first, but as you pay off accounts here and there, you're not only building your credit score, but you're building confidence.
  • Get a Co-Signer: Do you know anyone with good credit? Have them co-sign on your auto loan, and you'll help to build up your credit over time, and avoid hefty APRs.
  • Get a Credit Card/Have Someone Add You to Theirs: Whether you use it or not, the important thing is to keep a balance of zero each month so that you're showing that you can use your credit and pay it off each month on time.

Speak with our financing experts for more assistance, and we'll be glad to help you get your credit score raised enough so you can drive home in the right new Mazda model today.


Mazda of Olympia

2201 Carriage St SW
Directions Olympia, WA 98502

  • Sales: 800-678-9210 Ext. 4
  • Service: (800) 971-6596 Ext. 2
  • Parts: (800) 971-6596 Ext. 3


  • Monday 9:00am to 8:00pm
  • Tuesday 9:00am to 8:00pm
  • Wednesday 9:00am to 8:00pm
  • Thursday 9:00am to 8:00pm
  • Friday 9:00am to 8:00pm
  • Saturday 9:00AM - 7:00PM
  • Sunday 11:00AM - 5:00PM
  1. Mazda of Olympia

    2201 Carriage St SW
    Olympia, WA 98502

    • Sales: 800-678-9210 Ext. 4
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