3 Pre Approval Auto Loans You Should Be Applying For In 2024

You too, what's up is who is King Sean and we're back again with another banger I got a quick video for y'all today. I've been getting a lot of requests on my website people asking me What companies what banks can they go through to get pre-approved for a auto loan? So I'm gonna bring you my top three on the personal side Even though in the past three years any vehicle I personally purchased go straight to my business name EIN only so let's get right to it. I got my top three right here capital one being number three Um, they will be looking at your experience You need to have at least a 630 personal score if you even considering Trying to get pre-approved with capital one. Now. I am already a capital one customer I am new to capital one either or you're gonna pick Um, they don't care if you're a member or not, they will give you a pre-approval But I always tell you, you know, this is the option you want to take you want to get a pre-approval letter number one So when you go to the dealership you could give it to them and they can look it right up in the computer Depending on you know who you got approved for capital one pan fed or wherever they can look it up instantly Um by the code so, um, you could go to capital one Go ahead, you know get pre-approved and as you see right here see your real rate and monthly payments easy and simple Right. So, um, I personally had a capital one auto loan probably by over little over eight years Um my opinion on they're a good company But they got high interest rate that you want to keep in mind So long as you got that 630 they'll get you in the door But sometime if this is your first time buying a vehicle sometimes they want a down payment too, right? So let's move on to number two For me is Dover Federal Credit Union. I broke down this whole bank Usually I think it was roughly about two and a half years ago. I got their personal credit card Um, so if you interest in different kind of credit unions, you know people always get overwhelmed and get so excited with Navy Federal But I always tell you is a lot of other great banks that you could use like Dover Federal Credit Union again, right? So let's get right to it You'll be able to get an auto loan with them, but I know I miss sign with capital one They'll tell you they go up to a hundred thousand But they actually only go up to personally that I seen is seventy five thousand when I did get approved with them They gave me fifty thousand about eight years ago, right with Dover. You could get up to again You could get up to a hundred thousand dollars on their auto loans, which is you know, actually really good So if you interested you could check your rate right here fill out a little information You know your loan first last name address email rent mortgage You know how much you make in a year and it would put whatever you actually make in actually if you want to put a cold You know borrow you could do that too, right? So let's get right out of here scroll down there if you want to pick dealerships You could do that again. You can see the terms actually go to 84 months, which is crazy Banks is gonna get to a point where it's gonna be like 15 year loans 20 year loans and again up to 100% finance again No prepayment penalty and rate discount, you know overall. I think this bank is really good I will definitely have to say you can scroll right down here little or no credit needed I'm gonna tell you right now if you're gonna apply if you go through Dover you need at least to have a lease a 650 credit score they will be looking doing that soft pull through Experience right and you could check it out, you know If you say the cars, you know, you need a hundred thousand It'll break everything down to charge the amount, you know APR everything like that So this is Dover, but you might be saying how can I join because with that credit union? I might have heard you need it. We're gonna get into that right? So we're gonna go right here Start application that joint right? They're gonna ask you if you have any family member in the military You know the same thing like Navy Federal or this family members that actually work for the credit union No, we're gonna go right down here. You're gonna join a foundation. It's called the Bombay hook So you click right here join Simple leave site once you go to head you're going right to the Bombay website Scroll right down simple for individual person you paying $15 a year if you want a lifetime $200 a year, which is really get out great. Excuse me I always tell you when you join some of these foundations you could get into other credit unions You've got to take advantage of this, right? So let's get out of here once you do that, you'll be to apply for any of their products You know, you'll be a member simple and easy. So let's move on to my number one actually pick on the personal side Um is PenFed PenFed is a great bank. They will be doing a soft pull through Equifax you want to have least a 660 credit score or more if you consider and even applying right see if you pre-approve and you can see the rates Low as four point seven four, but we all know the rates is a little higher right now. It's a little crazy So this is another great bank and they actually go up to 150,000 pre-approved in minutes people we got to stop being lazy. I want y'all to do the work, right? So you could click there if you already a member you will click there if you're not a member But my advice to you go ahead You could be a member of PenFed open up a savings account with a little as $5 put $5 in the savings You can be a member you come back and get pre-approved for a car loan people So again, take advantage of this. You never want to go to these car dealerships All they're gonna do is run your credit a million times six seven eight nine ten times your scores gonna drop 100 plus points you don't want to do that Never do that always get a pre-approved get that letter once you go right to the dealership They you give them the code. They'll pull it right up in the system, you know So again, tell me what you think man, like comment subscribe, but for now, I'm up out of here. Peace