Getting an auto loan preapproval can make purchasing a vehicle easier. You’ll know your rate, term length and all other qualifying conditions before you even step on a dealer’s lot. And because you’ve already secured your loan, the only point to discuss with the seller is price.
Simply take your preapproval to the dealership of your choice and your loan will be processed on-site.
You may also be eligible to purchase a vehicle from a private seller with your preapproval. Just complete your loan paperwork in your nearest branch and you’ll be on your way.
Once you’re ready to make a purchase, you can think more about the car you want and less about how you’ll pay for it.