Take back control of the car-buying process by educating yourself on subjects like auto loan financing, loan terms and down payments. By getting pre-approved first, you’ll know the exact loan amount you qualify for, which gives you an advantage as you move toward the next step of the process: finding the car. Learn more about how to finance a car and the pre-approval process by watching the video and exploring the information available below.
How to Finance a Car with Nationwide
How to Finance a Car
Follow these tips to help the process go smoothly:
- Find a car: Understand which car you might want. Whether you’re looking for a new or used vehicle, Nationwide’s auto shopping service can help find the perfect car for you. It’s helpful to have a car in mind when going through the pre-approval step, but information about the specific car you plan to buy can be updated in your application after you find exactly what you want.
- Understand your credit score: Your credit score is a critical factor when it comes to determining your interest rates and ability to obtain car financing. Learn more about how credit score affects car financing.
- Budget for a car loan: Estimating how much you can afford is an important step. Nationwide’s loan qualification calculator and auto loan payment calculator make it easy to figure out how much you can borrow and what your payment will be.
- Apply for a loan: Once you have found the right car and understand your finances, it’s time to apply for a loan. With Nationwide, you can apply for an auto loan online and finance a car anytime, anywhere.
Why Get a Pre-approved Auto Loan?
Car financing doesn’t have to be frustrating and time consuming. With pre-approved financing from Nationwide, you finance before you buy, saving you time and money on your next auto loan payment.