You hear the term “Pre Approval” or “Pre Approved” thrown around a lot from auto dealerships. What does this mean for a customer with Bad Credit or No Credit.
When you apply to get pre approved typically the finance manager of the dealership is going to take your information and work with the various lenders to see exactly what your best options are. They will be able to figure which different vehicles in their inventory will work for the specific approval you have received.
This is a great option for customers a little iffy on their credit history. It allows you to get all of your options laid out in front of you, rather than choose a vehicle and then be disappointed when the banks won’t help you finance it .
Canada Drives helps Canadians by pairing them with dealerships in their area that specialize in Bad Credit and Poor Credit approvals. We do the leg work for you, making sure you’re dealing with the best in the industry!