Buying a Nissan: Should You Get Pre-approved?

buying nissan

If you’ve been considering buying a Nissan near Carpentersville in the near future, it is time to start figuring out how you are going to pay for the purchase. There are several ways to go about securing financing for your new car purchase. The best advice is to get pre-approved before you even begin test driving new vehicles.

Why You Should Get Pre-Approved

Pre-approval is the first step toward securing a new car loan. It provides you with two main benefits. First, your pre-approval gives you a rough estimate of how much car you can buy and what your estimated down payment will be based on the interest rate you are given. This gives you the opportunity to shop around for loans and determine which lender will get you the best rate.

Secondly, getting pre-approved will save you a ton of time at the the McGrath Nissan dealership in Elgin. In order to get pre-approved, you must fill out an application for the loan. You may complete this application at home from your personal computer. Once you’ve done this, the dealership will already have a profile put together for you when you arrive for your first test drive. If you find a car you love on the lot, they will instantly be able to pull up all of your information and confirm it with you. No paper applications or sitting at a table in the lobby waiting for a loan officer to get you in. The more work you have done ahead of time on your loan, the faster you can drive off the lot with a new car.

Buying a Nissan with a Pre-Approval

The first place you should start looking for a pre-approval is with Nissan itself. It is in the best interest of the manufacturer to get as many people pre-approved as possible to purchase their cars. Thus, manufacturers often have programs and resources available to get you approved for more money than your bank, and may be able to get you approved even if your bank turned you down.

Pre-approvals are highly recommended for anyone buying a Nissan in Carpentersville and Elgin. A pre-approval can seriously streamline your buying process, but can also be a useful tool for setting boundaries as you shop, both for yourself and for the salesman you are working with. If you have a pre-approval showing how much you can afford, you can use it to limit your search to those cars that fall within your budget, and the sales staff will know exactly which cars fit the bill.

Stop by McGrath Nissan today to see how we can help you get into a brand new Nissan!