How To Get Pre-Qualified For An Auto Loan When Financing Your Car

How do I get "pre qualified" for an auto loan?

To pre-qualify for a loan is to provide your credit rating, your personal information, your finance information and to see about what you could actually afford or what would be loaned to you. It's not a pre-approval, just giving you a guideline of where you stand, how the lenders see you and what sort of risk you are to them. You would know if you were pre-qualified if you provided all the information, your social securtiy number, your credit report score, your financing information, income information. When you provided all that they are going to go away, take that into account, see what sort of risk you are and then allow you to know what you are pre-qualified to borrow. You would know by virtue of receiving some sort of notice either in an e-mail or actually verbally at dealership, the bank or credit union.