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How to Get Pre Approved for a Car Loan – wikiHow – Choose your car. With most pre-approved car loans, there’s no requirement that you have the car you want picked out before your loan is approved. Typically you’ll have 30 days to find a car after your pre-approval. If the deadline is nearing and you still haven’t found a car, contact your lender.
The application will also detail: your assets, such as mutual funds and RRSPs and liabilities, including credit cards, credit lines, loans or leases; the purpose of the loan; mortgage loan amount required; the type of mortgage loan you want; the mortgage term, amortization and interest rate you seek; plus a description of the property you want to purchase such as address, size, type and construction.
Apply for Your car loan online. Now that you know how to get approved for a car loan and what auto lenders look at to approve you, all that’s left is to apply for your car loan online so you can buy! If you feel strong in all the areas above, good job. If you feel that you’ve missed in some areas or maybe all of them, don’t worry.
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