How Credit Decisions are Made

Getting a Car Financing Offer

At Lux Auto Plus, we pride ourselves on transparency throughout the car buying process, including the financing aspect. To this end, we've gathered information to help you understand how creditors make decisions to give you an auto financing offer.



We know that sometimes people wonder just how the lending institutions make their decisions. Well, these decisions are based upon four main factors...



These factors are:

  • Vehicle selection: cost, age, and mileage
  • Application information: employment, residence, and income
  • Credit history: information contained in your credit file
  • Down payment: total of cash and trade equity