What is Pre-Qualified Financing?
Pre-qualified financing is an initial assessment of your creditworthiness that helps you understand the interest rates and terms associated with different lenders. By getting pre-approved for a car loan, you can negotiate a better price at the dealership or on the open market.
Alternative to Dealership Financing
Traditional dealership financing often comes with high interest rates and fees. However, pre-qualified car loans from banks and financial institutions offer more flexible terms and potentially lower rates. You can explore options such as 0% APR promotions or low-interest loans.