At Bob Smith Toyota, we boast a no-hassle finance process. Our expert Toyota finance specialists are devoted to helping our customers make the most of their experience with us. The best way for you as a car buyer to get the ball rolling is to fill out our quick and easy pre-approval form online. If you’re curious about what pre-approval is and why you should consider doing it, this post is for you.
How does pre-approval work?
Essentially, pre-approval involves two major aspects: you submit your information, then we let you know what you qualify for. Getting pre-approved online takes only seconds, and it’s with us, risk-free with no negative effects on your credit score. We take into account your debt-to-income ratio, credit score, and other credit history factors to calculate an amount you’d be able to finance.
After submitting your info, we will let you know what overall loan amount, APR, monthly payment, and loan term length you are eligible for. This allows both you and us to know what is the highest-costing vehicle you’d be able to get.
Why should I get pre-approved?
Knowing your budget is paramount to the car shopping process. And you really don’t know for sure what you will qualify for with financing until you apply. Getting pre-approved makes the process go faster as well. When you know what you want, you just pick your car and sign the paperwork.
I’m pre-approved, what do I do next?
Now you can begin shopping! Come by our Toyota La Crescenta dealership today and we will happily show you the models you’re interested in and set you up for a test drive. We look forward to working with you on finding your dream car!