Feb 2010 23

Tips on Pre-Approval from Coastal Nissan

When shopping for a new Nissan in the Boston auto market, dealers often ask what you can afford to spend. What’s your price range for a new or certified used Nissan? You might think about what you’re actually able to afford when you look at sticker prices, but do you know the amount you actually qualify to borrow? It’s too easy to assume your 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 from your new Nissan dealer. Don’t make these assumptions—instead, consider getting pre-approved for a loan on your next new or used vehicle.

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 in Boston. 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 Nissan—let the pre-approval process help you determine exactly what your buying power is.