Do I Need to Get Pre-approved Before Financing a Car?

Curious about the pre-approval process when buying a car? Wondering if it’s a necessary step for you? Our Nissan finance experts at Woodhouse Place Nissan are reviewing the process to help you decide.

What Does it Mean to Get Pre-approved? Do I Need to?

By getting pre-approved for a loan, you are showing that you can get approved for financing for a car, without actually applying yet. You will still need to submit your basic buying criteria, including your income and existing debt and expenses to determine your eligibility.

Typically, a pre-approval will not require a hard pull on your credit, and it won’t affect your credit score.

What are the Perks of Pre-approval?

The main perk of getting pre-approved is the peace of mind it provides. This helps you shop with confidence by letting you know how much you can afford and whether or not you’ll be approved.

Getting pre-approved can also help you save a substantial amount of time at the dealership. This way, you’ll already have your buying criteria compiled and a lot of the paperwork completed.

How Do I Get Pre-approved?

We have a convenient form on our website so you can easily get pre-approved online anytime. With our simple and concise online form, you can get the peace of mind you crave in just minutes, and from the comfort of your home.

There are just two simple steps on our application:

1. Name and contact info
2. Date of birth, social security number, address, mortgage/rent costs, and income/employment information

Still have questions? Need help with the application process? The experts at our auto finance center in Omaha, NE are happy to help! Reach out to chat with our team today!