The best time to get you car loan approved is before you start looking at cars.
Kiwi’s love cars and over our lifetime we will typically own a few.
We may be good at buying cars too, but most people are not great at getting the finance arranged and that’s why Smarter Loans was created – to make sure that you can get the best options for car finance, and of course structured to suit your budget.
It makes sense as that sets your budget before you get too involved in the buying process, and avoids disappointment should you not get approved for enough to buy the car that you have found and love.
The Advantage Of Being Approved
There are some real advantages of getting your car loan approved before you start looking at cars.
It’s a smart thing to do as it takes all the time pressure away and let’s you start looking at cars that are being sold privately. There are some great cars sold on websites like Trade Me and you can buy from both car yards and private sellers with confidence.
These include:
- You can get approved for an amount that you are comfortable, without the emotion involved when you already have a car in mind.
- It allows you to look at cars for sale privately where you can often find the best deals
- It removes the risk of being rushed into taking our more expensive finance.
These are just some of the reasons to get your car loan approved in advance!
