How to Get Pre-Approved for a Car Loan

Getting pre-approved for a loan is the most powerful step to take before going car shopping./nPre-approval allows you to determine your budget based on the interest rate and payment you can afford./nKnowing your budget beforehand prevents getting stuck in a high-interest, long-term loan./nGetting pre-approved requires a bank or credit union to run a credit check and determine your interest rate.