How does a preapproved car loan work?
I'm about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?
loan best answer:
Answer by elia
Some banks pre-approve you for a certain amout and the dealer works with that bank directly; not too many banks give you a blank check with a certain cap off amount. Stick to your bank, dealers always want you to sign up with their banks, i think you end up paying for more. When you walk up to a dealer pre-approved for a certain amount, its like walking in with cash so you can negotiate since they dont have to pre approve you.
Go to http://quick-and-easy-auto-loan-usa.blogspot.com/
they have better interest rates than banks do.
loan
Loaned Representatives Thank You Event
Image by United Way of the Lower Mainland
Taken on an iPhone with fish eye lens.
Orignal From: How does a preapproved car loan work? and Loaned Representatives Thank You Event
No comments:
Post a Comment