The pre-qualification process for financing does NOT affect your credit score. Getting pre-qualified initiates a soft pull on your credit, which can analyze your credit history without showing as an inquiry.
A similar instance where this happens is when you receive a credit card offer in the mail. The creditor runs a soft-pull on your credit to see if you qualify for their credit card, and if you do, they send you mailers.
Getting pre-qualified for financing is the step prior to getting approved. The pre-qualification process is fairly simple where you provide basic information about yourself. With this information, the lender can give you a good idea of what your payment options will be, all without affecting your credit score.
Getting approved involves filling out a complete credit application and potentially providing additional documentation to allow the lender to make a full determination of your creditworthiness. The lender will obtain your credit report, causing an inquiry to be recorded, which may slightly lower your credit score. You can get approved through our buying process when you are ready to get approved from a lender.
After you become pre-qualified, we suggest you browse through our vehicle listing pages to find the perfect vehicle that fits your financing needs. Each vehicle listed on the site will show whether you are pre-qualified, and if so, will show your calculated interest rate and monthly payment. Once you find a vehicle, you can further customize your down payment and term length options to see the effect on your monthly payment.
Once you are satisfied with your financing, you can print out a voucher by pressing "Save your offer" or continue with the buying process.
After you pre-qualify for financing on our website, visit any vehicle page that you pre-qualify for and press "Save this offer".
After you find a vehicle that fits your financing needs, we suggest you do the following:
Print the voucher by pressing "Save this offer" and take it with you to the dealership. This will allow the dealer to find your deal and, as long as your information hasn't significantly changed from what you entered, then your approval can match your pre-qualification. From there, you can work on the remaining paperwork and bring your car home!
There are many reasons why we may not be able to calculate financing options for you after you have submitted your information for pre-qualification. You may not be seeing financing options for specific vehicles because based on your pre-qualification results, you do not have the sufficient credit history, down payment, income, or desired monthly payment to work with that lender. We recommend that you call the dealer directly to help you find the best option to get you financed.
Financing and payment options from a pre-qualification results are not guaranteed as they are rough estimates given based on the limited information provided during pre-qualification.
Absolutely! With our broad spectrum of lenders, we can help pre-qualify people for financing across all credit situations.
You can find dealership contact information on vehicle detail pages. We suggest that you pre-qualify on our website first before contacting a dealership so that you know your financing options before speaking to the dealer.
While we do allow zero-down payments, you may not see a large selection of vehicles that qualify for zero down payments. We recommend that you adjust the down payment after you pre-qual to see what options you get at different down payments.