Here at Jerry’s Chevrolet, we offer loan pre-qualifying. You can visit our website, fill out your information and we can either instantly pre-qualify you, take time to find a lender who can pre-qualify you, or let you know ahead of time whether you will need a co-signer to get a loan approved with us. If you have challenged credit, there are many benefits to pre-qualify for a loan. Here are a few of those benefits.
Lets You Know If You’ll Get Approved For the Loan
If you have challenged credit, you may not know if you are even able to qualify for a car loan. Many people find the process of sitting in front of a person and being turned down embarrassing and degrading. If you have challenged credit and want to know whether you will likely be approved for a car loan before you even hit the lot, pre-qualifying online helps you find this out. And you can do it all from the comfort of your own home without anyone else around.
Allows You to Know What the Interest Rate Will Be
Another reason why pre-qualifying for a car loan is perfect for those with challenged credit is because it allows you to see what interest rate the dealership is able to provide you with. While a dealership works with many lenders to get you the lowest rate they can find, sometimes you can get a better rate through your bank or credit union, especially if you have been a loyal customer for some time. Pre-qualifying for the loan lets allows you to compare interest rates before you decide which lender to work with.
Tells You What You Are Pre-Qualified For
The last reason you will want to pre-qualify for a loan if you have challenged credit is because you know how much you will pre-qualify for before you hit a car lot. You may have your eyes on one car, only to find out you can’t get a loan for that amount of money. Pre-qualifying allows you to find out around how much you will get approved for so you can select the best car for your needs within the amount you can get approved for.
At Jerry’s Chevrolet, we are committed to helping people get into the cars and trucks that they deserve. We can help you find the best loan for your situation, even if you have challenged credit. Visit our website today and learn more about pre-qualifying for a car loan with us today.