Should I Get Pre-Approved to Finance a Car?

If you’re applying for Honda financing, do you have to get pre-approved? Not always, but there are some benefits to getting pre-approval and there are multiple ways to secure it. Here’s what you need to know if you’re shopping here at Serra Honda of Champaign.

Getting Pre-Approval

Getting pre-approved can be beneficial for a few reasons. When you get pre-approved, you know how big of a loan you can qualify for and what kind of interest rate you can expect. While this isn’t a necessary step, it can be a good one to take because it makes it a bit easier to budget for a new car.

Securing pre-approval can also save you some time once you’ve picked your car out from the dealership. Finishing up the Honda financing process usually takes less time if you’ve been pre-approved.

How to Get Pre-Approval

Some drivers look for financing by going to sources outside of the dealership. You can shop around for financing at different banks or credit unions, but that can take a lot of time and you might not even find rates or deals that are all that different.

Instead, we recommend applying for financing through our website. This is one of the easiest ways to get pre-approval. Our Honda financing department works with a wide range of lenders so we can do our best to find the right loan for you. Once you fill out our simple form and get approved, we’ll help you find a new Honda car, truck, or SUV you’ll love!

If you have any more questions about financing or our lineup of Honda vehicles, visit our new car dealership in Champaign, IL. We’ll make it easy to find a new car loan that works for your budget!