CarZing is a product of Nowcom, the software and technology firm of the Hankey Group of companies. Nowcom has relationships with over 11,000 dealers that use its Dealer Management System, DealerCenter. Nowcom also has unique partnerships with a number of major automotive finance companies.

Know Your Budget: It helps you understand how much you can afford, so you don't waste time looking at cars outside your price range.

Better Negotiation: With a pre-qualification, you have a clear idea of your loan terms, which can give you more leverage when negotiating with dealers.

Credit Impact: Pre-qualifying usually involves a soft credit check, which doesn't affect your credit score, unlike a hard inquiry.

Faster Process: It speeds up the buying process since you'll already have a loan offer in hand when you find the right car.

Compare Offers: You can shop around and compare different loan offers to find the best rates and terms.

In short, pre-qualifying for an auto loan can save you time, help you budget better, and give you an edge in negotiations.

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 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.

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.

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 Deal" or continue with the buying process.

Yes, in rare circumstances you can get declined for a car loan even after pre-approval. Pre-approval is based on a preliminary review of your credit and financial situation, but final approval requires a more detailed assessment. Factors like changes in your credit score, income, or debt levels can lead to a decline.

It's important to maintain your financial stability between pre-approval and final approval to avoid this.

Yes, you can negotiate a pre-approved car loan. Even if you've been pre-approved, you can still discuss the interest rate, loan terms, and any fees with the lender.

It's a good idea to shop around and compare offers from different lenders to ensure you're getting the best deal. Don't hesitate to ask for better terms or a lower rate - it can save you money in the long run.

Check Your Credit Score: Make sure your credit score is in good shape. Lenders look at this to decide if you're a reliable borrower.

Save for a Down Payment: The more you can put down upfront, the better. It shows lenders you're serious and reduces the amount you need to borrow.

Reduce Debt: Pay down existing debts. A lower debt-to-income ratio makes you look more financially stable.

Have Steady Income: Lenders want to see that you have a stable job and income. It reassures them that you'll be able to make your payments.

Get Pre-Approved: Before you start shopping for a car, get pre-approved for a loan. It gives you a clear idea of what you can afford and shows sellers you're a serious buyer.

Shop Around: Don't settle for the first loan offer you get. Compare rates from different lenders to find the best deal.

Provide All Necessary Documents: Make sure you have all the required paperwork ready, like proof of income, employment, and residence. It speeds up the process and shows you're prepared.

Credit Score: A higher credit score usually means you can borrow more money at a lower interest rate.

Income: Lenders look at your income to ensure you can afford the loan payments.

Debt-to-Income Ratio: This is the percentage of your monthly income that goes towards paying debts. A lower ratio is better.

Employment History: Stable employment can make you a more attractive borrower.

Down Payment: A larger down payment can reduce the amount you need to borrow.

Loan Term: The length of the loan can affect how much you can borrow and your monthly payments.

When applying for a car loan, lenders look at two main factors: your minimum income and your debt-to-income (DTI) ratio.

Minimum Income

Most lenders require a minimum monthly income to ensure you can afford the loan payments.

Debt-to-Income (DTI) Ratio

Your DTI ratio is a percentage that shows how much of your monthly income goes towards paying debts. To calculate it, divide your total monthly debt payments by your gross monthly income.

When applying for a car loan, the most important factors to consider are your credit score, the loan terms, and your budget. Your credit score significantly impacts the interest rate you'll receive; a higher score usually means a lower rate. It's also crucial to understand the loan terms, including the length of the loan and any fees. Finally, make sure the monthly payments fit comfortably within your budget to avoid financial strain. By focusing on these key aspects, you can secure a car loan that best suits your needs.

A car loan can help raise your credit score, but the speed at which it happens depends on several factors. Typically, you might start seeing improvements in your credit score within a few months of making timely payments. Consistently paying your car loan on time shows lenders that you are a responsible borrower, which can positively impact your credit score. However, the exact timeline can vary based on your overall credit profile and other financial behaviors. Remember, maintaining good credit habits across all your accounts is key to seeing a steady increase in your credit score.

Pre-qualification is an initial step where you provide some basic information about your finances, like your income and credit score. Based on this, the lender gives you an estimate of how much you might be able to borrow. It's a quick process and doesn't involve a deep dive into your financial history. Think of it as a rough idea of your loan eligibility.

Pre-approval, on the other hand, is a more detailed process. Here, you fill out a formal application and the lender does a thorough check of your financial background, including your credit report. If you get pre-approved, it means the lender is willing to lend you a specific amount of money, pending final approval. This step carries more weight and shows sellers that you're serious about buying.

In short, pre-qualification gives you an estimate, while pre-approval gives you a more concrete loan offer. Both steps can help you understand your budget and make the car-buying process smoother.

After you pre-qualify for financing on our website, visit any vehicle page that you pre-qualify for and press "Save Deal".

After you find a vehicle that fits your financing needs, we suggest you do the following:

Print the voucher by pressing "Save Deal" 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.

Getting denied for an auto loan does not directly hurt your credit score. When you apply for a loan, the lender performs a hard inquiry on your credit report, which can slightly lower your credit score temporarily. However, the denial itself is not reported to credit bureaus and does not affect your credit score. It's important to manage your credit responsibly and avoid multiple loan applications in a short period, as too many hard inquiries can have a more significant impact on your credit score. If you're denied, take the time to understand why and work on improving your credit before applying again.

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.

CarZing boasts a network of over 20,000 dealerships actively listing their cars. With representation in all 50 states, CarZing ensures that anyone, anywhere in the U.S., can find and purchase a car through their platform.

If you are a licensed car dealer that would like to have your inventory posted on CarZing, please contact us at [email protected]. Listing your inventory on CarZing is free.

CarZing distinguishes itself in the B2B automotive marketplace by offering unmatched services to dealerships, providing access to a pool of prequalified finance customers. Unlike other platforms, CarZing emphasizes a seamless integration of technology and personalized support to ensure that dealers not only receive leads but are also equipped to convert them into sales efficiently. Our unique position stems from our commitment to transparency, innovative approach to lead qualification, and dedication to fostering successful dealer-consumer transactions.