How to Apply for a Pre-Approved Auto Loan

Knowing how much you can borrow will help you narrow down your choices and save time as you shop for your next set of wheels.

If you’re shopping for a new or used vehicle, online pre-approval can put you ahead of the game when you find the right car.

  • Five minutes is all it takes for most customers to complete our online pre-approval application
  • No vehicle information is needed to establish your pre-approved loan amount
  • We’ll send you a confirmation letter with your pre-approved loan amount and next steps
  • Additional Resources are available to help you with the loan approval process.

  • Is pre-approval different from applying for a loan?

    The pre-approval does include a credit check. However, the pre-approval process doesn’t require you to provide information about the specific vehicle you want to purchase, which makes it ideal if you’re still shopping around and want to narrow down your choices by knowing how much you can borrow.

    How long does it take to apply for pre-approval?

    It takes most customers just a few minutes to fill out the online pre-approval application, and you may get your answer within seconds. However, we might need to follow up with a phone call for more detailed information before a credit decision can be made. If that’s the case, the confirmation message will tell you what to expect next.

Offer is subject to credit approval and program guidelines. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC ©2018 U.S. Bank.

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Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. Using this calculator does not constitute an application for credit and we are not qualifying you for any credit product. We encourage you to seek professional advice from qualified U.S. Bank professionals regarding all personal finance issues. U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.