Hey guys here's a question I have for you. I just got approved for an auto loan for a $37500 truck. After looking around more I have found a cheaper truck for less money, this truck is $26500 and I will be putting 4-5k down. My question is can you get approved for a loan for the cheaper truck is someone already approved another loan for me?
@Anonymous wrote: Hey guys here's a question I have for you. I just got approved for an auto loan for a $37500 truck. After looking around more I have found a cheaper truck for less money, this truck is $26500 and I will be putting 4-5k down. My question is can you get approved for a loan for the cheaper truck is someone already approved another loan for me?
yes... did you get approved at dealership and truck b is at a different dealer or are you approved outside dealership somewhere you went?
Truck A got approved through the dealer and Truck B is at a diffrerent dealer. Will that make a difference? Do creditors know if you got approved somewerer for loan as long as you dont sign the loan?
Truck A got approved through the dealer and Truck B is at a diffrerent dealer. Will that make a difference? Do creditors know if you got approved somewerer for loan as long as you dont sign the loan?
they will only see INQ not the loan since you didn't take it out and it wouldn't be reporting yet even if you had.
THe fact you got elsewhere doesn't really matter for the new approval.
I second the question on what exactly Truck A and B are...year and mileage? Also are they a regular truck like the f150 or silverado or something more commercial grade?
