FINANCIAL ADVICE | BUYING A car
Get Pre-Approved for Your Auto Loan… Before Going to the Dealership
Published February 6, 2019
Pre Approved Car Loan Key Points
- One alternative to spending a day at the dealership is to get pre-approved with Credit Union of Texas.
- Instead, reach out to CUTX where our Auto Finance Specialists will take you through pre-approval with care and respect
- There are multiple reasons for getting pre-approved prior to car shopping.
When it's time for a new car, do you go straight to the dealership? If you do, you can look forward to a full day of paperwork, finance disclosures, credit reviews... and lots of waiting.
One alternative to spending a day at the dealership is to get pre-approved with Credit Union of Texas. Pre-approval, like the name suggests, equips you with proof of your financial ability to gain an auto loan before you start shopping. It fully prepares you to efficiently choose your new vehicle, sign the papers and jump into your new ride.
Getting a Car Loan at a Credit Union vs Car Dealership
Purchasing a car ought to be an exciting, comfortable experience, especially when you’re the one spending your money. When you're working out the financing in an unfamiliar office with an unknown salesperson it can feel impersonal - detached – even intimidating. All of which make buying a car seem more like a long, tiring chore. And who needs that?
Instead, reach out to CUTX where our Auto Finance Specialists will take you through pre-approval with care and respect. As your financial institution, it’s our job to ensure your utmost privacy and security when discussing your personal and financial information. We already know you, and you know us.
We Help You Understand Your Car Loan Budget
As a member-owned credit union, it’s in our best interest to make sure you know and understand exactly how much of a monthly payment you can afford each month, as well as how healthy your credit is. Since it’s not our job to convince you to buy the most expensive car you can afford, our Auto Finance Specialists are a great resource to help you understand your budgetary limits.
When you enter the dealership with your car loan pre-approval in-hand, you’ll have a new level of confidence and full knowledge of the loan terms and interest rate you should expect. You’ll be able to quickly tell if a dealer’s offer is a truly fair and affordable one. If not, your pre-approval lets you visit other venues until you find the right offer for you.
Getting Your Auto Loan Pre-Approved Makes Car Buying Much Easier
As you can tell, there are multiple reasons for getting pre-approved prior to car shopping. Let’s recap the benefits. Getting pre-approved with your lender before going to the dealership:
- Saves time
- Validates your credit
- Streamlines the dealership experience
- Boosts your confidence and negotiating position
- Gives you flexibly to car shop anywhere you want
- Pre-approval with CUTX takes place in a familiar, friendly environment
Give us a call or visit our Auto Loan page to learn more and start your application. You know we'll take good care of you.