6 replies to this topic

[L_SON]

Hi Team,

I am thinking about a car loan for a used car, but I don't want to waste a hard pull on something I might not get approved for. So I was thinking is there a way to get pre approved with auto loans like you can with some credit cards?

Thanks

[MarvBear]

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[MarvBear]

I don't understand your post. If you apply for a credit card and are not approved, then by your terminology, you have wasted an inquiry.

Where is the lack of similarity for an auto loan? You apply, you receive a decision.

Or am I missing the intent of your question?

[L_SON]

Maybe I worded it wrong.

I just got approved for a Creditone CC. The first thing I did was fill out their pre qualified online form (Link), and that told me i qualified for one of their cards. Then I filled out the actual credit card application online (hard pull), and got the credit card.

I was looking to see if there is something on the same lines as that for a auto loan.

[MarvBear]

Maybe I worded it wrong.

I just got approved for a Creditone CC. The first thing I did was fill out their pre qualified online form (Link), and that told me i qualified for one of their cards. Then I filled out the actual credit card application online (hard pull), and got the credit card.

I was looking to see if there is something on the same lines as that for a auto loan.

Unfortunately I don't know of a way. I only do indirect loans. What you want is a direct loan. Perhaps someone else know better than myself.

Here is a bump for ya.

[L_SON]

Thanks for the bump and your help

[Stanggt03]

Nobody that I'm aware of will pre-approve you without a credit check, except (possibly) a bank/CU you already bank with that routinely softs your reports. You can, however, get pre-approved. When I bought my last car, I called Navy on the way to go look at the car and was pre-approved before I got there. They gave me the stipulations the car had to fit into, but I didn't have to tell them specifically what car.