Stress-free Car Shopping

Get Pre-approved. What is more embarrassing or stressful than finding out from a dealership that you don’t qualify for the car that you have just purchased? Lenders typically have a set of guidelines that they will use to determine what type of vehicle you qualify for. They will consider your income, length of time on the job, previous credit history and how much debt you currently have outstanding. After they have reviewed your application, they will decide whether or not you qualify for your vehicle purchase. Sounds stressful, but it doesn’t have to be! Here is an idea…

Think about getting preapproved before you shop. You wouldn’t think of buying a house before getting preapproved so use the same strategy when car shopping. By filling out a preapproval application, you can go into the dealership with a peaceful feeling knowing exactly what you qualify for. No point in trying to purchase a full size SUV when you can only qualify for a mid-size.
If you are not sure about your current credit situation, it is a good idea to go through the pre-approval process. You can save a lot of time and stress by knowing up front if there might be any reason that you may not qualify for prime finance programs. It’s a win / win situation; if your approval comes back clean, you shop with confidence knowing that your auto loan will be approved. If your application uncovers some derogatory credit on your credit bureau, there are several non-prime lenders that will approve you and help rebuild your damaged credit.

Be sure that you are working with a professional that is working with your best interest in mind. Many dealers will prey upon customers with bad credit knowing that they don’t have a lot of choices when it comes to getting approved. A reputable dealer can help you through a difficult situation and help you by building a long term plan. The dealer that you want to deal with is not the one that wants to put you in car, but rather the dealer that has a plan in mind for you that sees you rebuilding your credit with an auto loan and eventually driving the car of your dreams.

Take the stress out of the shopping process and get pre-approved now!

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