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I’m Prequalified for a Car Loan. What Does that Mean? I’m Prequalified for a Car Loan. What Does that Mean? July 6, 2015; Mitchel Janssen; Car Finance; Learn the differences between prequalification, preapproval, and approval. Are you prequalified for a car loan? If you are, that is a good thing. It means that a lender or financial institution believes you are a good candidate for a car.
Getting Preapproved for a Car Loan Has Advantages – Before you go car shopping, make time to get preapproved for an auto loan. In addition to helping you secure the best interest rate possible, preapproval gives you leverage at the dealership and.
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Pre qualification for an auto loan? Clicking on the auto loans section it states it is not a hard inquiry and will not affect my credit score but at the bottom, after giving in all informations it says by clicking continue I accept and agree that ck will be forwarding my info to lenders who may "aquire" my consumer reports to determine whether or not they will extend me credit? So is it or is.
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