Check Your Rate

Auto Loan Prequalification

Enter your financial details to see your estimated auto loan rate, maximum purchase price, and approval likelihood. Prequalification typically uses a soft credit check that doesn't affect your score. No signup required.

Rate Estimate

See your estimated APR based on your profile.

Max Loan Amount

Understand how much you may qualify to borrow.

Soft Check

Prequalification typically doesn't affect your credit.

Credit Tiers

See how credit score affects your rate.

Approval Odds

Get a sense of your approval likelihood.

Compare Lenders

Use this as a baseline to shop multiple lenders.

Your Financial Profile

300Good850

Credit cards, student loans, personal loans, etc.

Approval Likelihood

90%

Excellent chance of approval with the best rates

Your Estimated Terms

Estimated Rate7.0%
Max Monthly Payment$938
Max Loan Amount$47,346
Max Purchase Price$52,346
DTI Ratio12.8%

Example Payment

$594/mo

On a $30,000 loan at 7% for 60 months

Next Steps

  • Check your credit report for errors before applying
  • Get quotes from multiple lenders (banks, credit unions, online)
  • Pre-approval gives you negotiating power at the dealer
  • Multiple inquiries within 14 days count as one for your score
This is an estimate only and does not guarantee approval. Actual rates and terms depend on lender criteria and your complete financial profile.

Why Get Prequalified?

Getting prequalified before shopping gives you negotiating power and helps you understand what you can afford.

  • Know your budget before you shop
  • Negotiate from a position of strength
  • Compare dealer financing to your preapproval
  • Speed up the purchase process
  • Avoid dealer markup on interest rates

How to Get the Best Rate

Use these steps to improve your rate and approval odds.

  1. Check your credit report for errors before applying
  2. Compare rates from banks, credit unions, and online lenders
  3. Apply within a 14-day window - multiple inquiries often count as one
  4. Consider a larger down payment to improve your rate
  5. Choose the shortest term you can afford

Frequently Asked Questions

Common questions about this tool

What is auto loan prequalification?

Prequalification is when a lender gives you an estimated rate and amount based on a soft credit check. It doesn’t guarantee approval but helps you shop with a budget and compare offers.

Does prequalifying for a car loan affect my credit?

Soft inquiries from prequalification typically don’t affect your score. When you formally apply and the lender does a hard pull, that can have a small, temporary impact. Shopping multiple lenders in a short window often counts as one inquiry.

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