Hello, without thinking I applied for an auto loan (through Drivetime) and was approved. However I would not like to buy a car for about 5 months. How long is the offer valid for if my circumstances/income/credit doesn't change?
Will I need to reapply and if yes, will the fact that it's a reapplication hurt my chances of being approved? Thanks.
2007-04-06 10:34:52 · 6 answers · asked by Junebug 2 in Cars & Transportation ➔ Buying & Selling
depending on the bank, approvals are usually good from 30-90 days. for instance, a bmw approval is good for 90 days, chase is good for 30 days, and my credit union is good for 30 days.
2007-04-06 10:39:40 · answer #1 · answered by jay 7 · 0⤊ 0⤋
1
2016-09-26 18:53:42 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I just got pre-approved for an auto loan by my credit union. They told me they would guarantee the rate for 30 days, and the pre-approval for 60 days. After that, I would have to re-apply.
2007-04-06 13:07:30 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
I recommend you to check this site that can solve your doubts http://WWW.FINANCE-SOLUTIONS.INFO
RE:On average, how long is an auto loan offer valid?
2014-07-04 03:16:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
that could desire to be finally as much as the lender. Many desire to verify a heritage of sturdy employment. so as which potential a pair of years. there strengthen right into a time while they have been slightly extra giving, yet not anymore.
2016-10-02 07:15:05 · answer #5 · answered by ? 4 · 0⤊ 0⤋
i would definently let them know you dont plan on buying for a bit, when i got mine, it expired within 2 months
2007-04-06 10:37:43 · answer #6 · answered by Roxanne S 1 · 0⤊ 0⤋
You will find very useful this site for finding the best option for you CREDIT-SOLUTIONS.INFO
2014-05-15 06:39:17 · answer #7 · answered by Anonymous · 1⤊ 0⤋