When dealers see that you’re pre-approved, they know you are a serious buyer. They’ll be ready to make a good deal to get your business, and you can be confident knowing that you have a low-rate financing option.
Persons applying for new vehicle loans are required to supply us with the following:
Persons applying for used vehicle loans are required to supply us with the following:
Used vehicles should not be older than five (5) years old. A percentage deposit of the total cost of the vehicle must also be on the account at the time of the application.
To get the loan process started, first apply through Prudential
We will process your application and notify you when your preapproval is completed
Be sure to bring your loan preapproval to the dealer, as this will give you maximum leverage and help you negotiate the best deal
Once the deal is finalized, send us the purchase agreement and we can finalize your loan documents
Being preapproved helps you focus on negotiating the best price, knowing that you won’t end up with high rate financing when you close the deal. Plus, dealers tend to take people more seriously when they come in with preapproved financing because it means you’re ready to do business and not just “window shopping.”
In many cases, your funds may be available the same day. We understand that sometimes the vehicle-buying process is urgent.
There are no prepayment penalties for paying off your loan faster than your payment schedule.