While some drivers may be able to pay for a new Nissan car in cash, the majority opt for an auto loan. One phrase that you may hear when you’re researching car financing is applying for a pre-approval. What exactly does this mean? Here at our Nissan financing center, our finance experts are happy to explain what it means, as well as the advantages of applying for a pre-approval.
Getting Pre-Approved for a Loan
Whether you want to get behind the wheel of a new or a pre-owned Nissan car, there is a good chance that you will have to take out a loan to afford it. When talking about a car loan, the term pre-approved simply means that you apply for credit before you arrive at our dealership. In just a few simple steps, you can apply to finance or lease your new Nissan vehicle by using our secure online pre-approval tool.
This process doesn’t have any effect on your credit score, and you do not need to insert your Social Security Number or date of birth. All you need to do is input your name and address on our financing form, and we’ll take it from there.
The Advantages of Getting Pre-Approved
First of all, getting pre-approved for your auto loan saves you time and paperwork at our dealership. Instead of waiting for approval in our offices, you can wait at home for us to follow up to let you know which financing options work best for you.
Also, getting pre-approved helps you set a realistic budget. Since you know how much you can borrow and at what interest rate, you’ll have a better understanding of what models you can afford.
Contact our friendly Nissan dealers for more information about pre-approval.