How does prequalification work

Asked by GuruGYC56 Sep 02, 2020 at 08:41 AM

Question type: General

How does pre qualification work

1 Answer

F_O_R answered 4 years ago

You apply for a car loan and if the lender approves you they will tell you how much car you can buy. The car will have to be valued properly as they won't lend on a overpriced car. There may be other restrictions such as the age of the car. Ask the lender for all the details.

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