If you are looking for a good deal on a car, you may want to go and get a pre-approved loan. It can save you time and money with these types of auto loans, mainly because the car dealers will be happy to see you already have cash on hand. Here are the important things you need to know about a pre-approved auto loans.
A pre-approve auto loan means you are qualified for a specific amount of loan even before you start shopping for your car. You exactly know how much you can spend and how much the interest rate is. It is pretty much the same with a pre-approved mortgage when buying a house.