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Is it helpful if I have a cosigner?
It is very helpful if there is a cosigner in the
auto loans. Since the cosigner assumes responsibility
for a loan in case the principal borrower fails
to do so, it increases chances of approval.
Within what time do I hear about my approval?
Borrowers get same day decision on their auto
finance application. Thus, borrowers will be called
by our loan experts about their approval the same
day.
Why is there the difference between the
rate on the Web site and the rate one receives?
There are several factors that determine the rate
of interest that a person has to pay. Borrower’s
credit history, type of vehicle being financed,
etc. include some of these. In addition, there
are daily changes in rate. The rate might have
changed by the time one applies and accepts the
offer.
What is the cost of application?
Application for auto loan costs nothing. Additionally,
borrowers bear no obligation on application.
What is the next step to pre-approval?
The in principle decision offered to borrower
on the basis of his application for car loans
is known as pre-approval. Once pre-approved, borrowers
can go shopping for their desired vehicle. The
rate promised during pre-approval is good for
30 days.
What are the type/types of vehicles that
I can apply for?
Auto finance is available for all types of vehicles
at National Auto Approval.
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