How do I pre-qualify for a vehicle?

Asked by Sep 12, 2016 at 04:48 PM about the 2007 Mitsubishi Eclipse Spyder GT

Question type: Shopping & Pricing

2 Answers

65

pre qualify means knowing what your credit and income would with stand. For example i work for a dealer, before customers want to go for test drives and all the fun stuff I try to pre qualify them to make sure that we have a chance to get them approved for the loan before we possibly waste time for nothing.

1 people found this helpful.
2,020

You don't get pre-qualified for a loan, you simply get qualified, and you can do that yourself. Go to creditkarma dot com and check your FICO score. Then note your salary. When shopping for a car remember to never spend more than 10% of your annual salary on a car. That means always living beneath your means. If you make $40,000 a year, don't spend more than $4,000 on a car. You can get a very nice used car for $4,000 if you shop around. In other words, do NOT go to a car lot. They will gouge you for all you're worth.

1 people found this helpful.

Your Answer:

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Mitsubishi Eclipse Spyder Experts

  • #1
    dandyoun
    Reputation
    1,770
  • #2
    spyder99
    Reputation
    400
  • #3
    T_S_T
    Reputation
    280
View All

Related Models For Sale

Used Mitsubishi Eclipse
22 Great Deals out of 859 listings starting at $1,350
Used Ford Mustang
266 Great Deals out of 37,717 listings starting at $1,350
Used Nissan 350Z
28 Great Deals out of 979 listings starting at $3,999
Used Mitsubishi Lancer Evolution
10 Great Deals out of 446 listings starting at $9,995
Used Mitsubishi Lancer
49 Great Deals out of 2,473 listings starting at $2,000
Used Mazda MX-5 Miata
54 Great Deals out of 4,636 listings starting at $1,900
Used Honda Civic
366 Great Deals out of 49,151 listings starting at $500
Used BMW 3 Series
857 Great Deals out of 31,323 listings starting at $1,250
Used Dodge Charger
278 Great Deals out of 32,022 listings starting at $1,850
Used Chevrolet Corvette
96 Great Deals out of 15,044 listings starting at $3,620
Used Toyota Camry Solara
21 Great Deals out of 1,140 listings starting at $1,995
Used Pontiac Solstice
348 listings starting at $4,950

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.