Get Pre-Qualified

What Does It Mean To Get Prequalified?

Preapproved car dealerships, such as Dave Wright Auto, review your finance application to determine the loans you may qualify for. Prequalification doesn't necessarily mean you'll get financing; it gives lenders an idea of your credit history for loan approval. Prequalification is a critical first step. It gives you an idea of the best auto loan rates in Iowa based on factors such as your credit history and employment status. This information allows you to budget for your auto loan payments.

How To Apply for Vehicle Financing Prequalification

Most car dealers with guaranteed credit approval have an online application for ease and convenience. Fill out the application, and a finance team member will evaluate it and get back to you with the results. The essential information you need for a smooth process includes the following:

• Pay stubs
• Tax returns
• Bank statements
• Photo identification
• Name and address
• Social security number
• Income statements and employer information

If you're more comfortable applying in person, bring the essential documents to our dealership. Our finance team will evaluate the application and find the right lender for your unique budget and situation.

Dave Wright Auto offers some of the best auto loan rates in Iowa and the greater Cedar Rapids area. If you have bad credit, we can help. Prequalification helps us find lenders willing to work with someone with poor credit, allowing you to still secure an auto loan for your new or pre-owned vehicle. We offer flexible and unique financing options  in Hiawatha, Iowa, whether you have excellent credit or are building your credit history.

Choosing the Right Financing Option for You

Car loans in Iowa are designed to finance a new or used vehicle. If you enjoy driving a new Subaru or Nissan every few years, consider leasing one. We have competitive leasing terms and rates as part of our flexible financing solutions in the Hiawatha area.

Taking the Next Steps: After Getting Prequalified

After obtaining prequalification, you can start shopping for your new or pre-owned make, model, and trim.

Finalizing Your Vehicle Purchase or Lease Deal

When you've secured prequalification for an auto loan or lease deal, it's time to sign the documents so you can drive your new car home.

What To Do Before Signing Any Documents

Consider the following tips before finalizing your purchase or lease deal:

• Thoroughly read and understand the loan or lease terms
• Understand your budget and monthly payments
• Accept the loan terms and sign

Learn More About Getting Prequalified Financing

Contact our team at Dave Wright Auto in Hiawatha to learn about getting prequalified for auto loans in Iowa. Start the prequalification process today by filling out our online application One of our finance team members will get back to you soon.