Preparing students for successful lives in a complex world. 1  Resources for Academic Excellence 2  ... Connections to Careers and the World 3  ... Environment for Service and Engagement ...
What does it mean to be 'pre approved' for a loan. Pre approved means that the lender (it could be your bank or credit card company or any other company that you had an account with) already have your details, and provided those details are correct, they will lend you a certain amount.
Having a pre-approved loan means that you can focus on the total cost of the car when you are at the dealership. This can help you stick to your buying budget and not succumb to sales pressure to get a car that is more than you can afford.hen getting pre-approved for a car loan, it pays to shop around, checking interest rates and terms before you settle on a lender. Know your credit score ahead of time and be aware that the lower your score, the higher the interest rate youâll have to pay.