Auto loans: Benefits of prequalification vs. 这份
2023年6月15日 • 5分钟阅读
Auto loans: Benefits of prequalification vs. 这份
Auto loans: Benefits of prequalification vs. 这份
If you’re in the market for a new car and considering auto loan options, you might come across words telling you to “prequalify” or “get preapproved.” These terms can be a little confusing since financial institutions sometimes use them interchangeably, even though they have slightly different meanings. 然而, 两者都是有益的, and it may make sense to do both — get prequalified for your loan, 然后获得预先批准.
What does it mean to prequalify for a loan?
Prequalifying for a loan means that a lending institution has offered you a loan estimate. 为了资格预审, you’ll need to provide some basic information in exchange for a probable loan amount and interest rate.
The best part about prequalifying is that it can often be done in minutes and typically doesn’t affect your credit score. Just keep in mind that a prequalification is not a firm offer. The actual loan may differ after you complete a full application.
What does it mean to get auto loan 这份?
For auto loans and a few other loan types, a 这份 is considered a firm lending offer stipulating the exact amount, rate and term length the lending institution is willing to provide, on the condition that you accept your loan within a designated time frame.
A loan 这份 might be the second step after prequalifying, or it could be the first step toward your loan. 与预先具有资格, getting preapproved involves a hard credit check, which may impact your credit score a bit. 出于这个原因, it’s best to get preapproved when you’re certain you’re ready to make a purchase and know you’ll use your loan.
