Whether this is your first time buying a car or you’re a seasoned veteran, let’s face it, automotive financing can involve more than a few questions.

One of the most common questions that we receive here at Helfman Alfa Romeo of Sugar Land is whether or not you need to get pre-approved before financing an Alfa Romeo car. In addition to providing you with Alfa Romeo prices and loans, our finance professionals are happy to answer this question.

What is Loan Pre-Approval?

Put simply, a pre-approval is conditional approval given to you from a lender with estimated terms, such as the amount of money that you can borrow, the interest rate, and loan term, to finance the purchase of the vehicle. Getting pre-approved is an easy process when you work with our friendly finance professionals.

The Advantages of Getting Pre-Approved

First of all, to answer the question on everybody’s mind, it is not required that you get pre-approved before financing a car at our Alfa Romeo finance department. However, getting pre-approved is recommended, as it comes with several advantages.

The biggest advantage is that getting pre-approved for a car loan allows you to set a realistic budget for your car purchase, as you know how much you can borrow and at what interest rate. Be sure to add approximately 10 percent to the purchase price to account for taxes and fees. When budgeting, don’t forget to value your car trade-in by utilizing our helpful trade-in tool.

Once you receive the approval, the amount that’s given to you will be an up-to-amount for what you can finance.

If you want to get the ball rolling on the pre-approval process, apply online today or visit our dealership to speak to a friendly automobile finance representative.