Pre-Approved
Car Loans
www.creditunionrate.com
You can afford yourself a great deal of flexibility
and savings by getting pre-approved for a car loan before
you shop. Consider these benefits:
Pre-approval puts you in the driver’s
seat. When you know how much and what terms you can expect
with your loan you eliminate the expense and confusion of
dealer financing.
You will not have to sacrifice dealer rebates
and/or discounts to get a lower interest rate because your
loan is already pre-approved. You will know how much car
you qualify before you even visit the dealer.
You can avoid having to come up with a large
down-payment.
Your credit union has worked with thousands of buyers who
want to purchase a new or used car, truck, sport utility
vehicle or boat without being taken to the cleaners.
Getting pre-approved for a car loan is fast,
easy and simple, but there is an important step that you
must not skip.
Know your credit history
As with all loans, rates and terms vary.
You can get a general idea of what terms you can expect,
or even if you will qualify for a loan if you are familiar
with the information contained in your credit report. Credit
scores range from about 300 to 800. If your score is above
600, you will probably qualify for a car loan. Scores of
at least 700 qualify for the best rates.
