When shopping for cars in the Norfolk auto market, dealers often ask what you can afford to spend. What’s your price range? You might think about what you’re actually able to afford when you look at Virginia Ford sticker prices, but what about the amount you actually qualify to borrow? Many people assume their credit rating is lower than it actually is, or that a few mistakes in the past might erase your chances for getting a decent auto loan. Don’t make these assumptions—instead, consider getting pre-approved for a line of credit on your next Cavalier or other Ford model.

Pre-approval means two things. The first is that you’ll know exactly what you can afford to buy based on the line of credit you’re offered. It also means that if you do have a credit problem, you can work out lending terms during the pre-approval process and still be considered for a new or used car loan. Just because you’ve had issues in the past doesn’t necessarily make you a bad risk today. Don’t rule out getting into a reliable vehicle—let the pre-approval process help you determine exactly what your buying power is.

Tags: Cavalier, Ford, Value, Virginia, Virginia Beach
Posted in Chesapeake Ford Dealer | 1 Comment »

One Response to “Pre-Approval Tips from Cavalier Ford”

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Time April 2, 2010 at 10:09 am

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