Did you know that getting pre-approved for Cadillac financing can be a huge asset when applying for a car loan? It’s a simple and streamlined process too. We’ve got a few tips to help you get started at Fields Cadillac Jacksonville.
Check Your Credit Score
Before you begin, we strongly suggest that you check your credit. Your credit score doesn’t just affect your chances of getting approved, it affects your interest rate too. If your rate is lower than expected, consider pulling your credit report to make sure there aren’t any discrepancies.
Set a Budget
Typically, it’s best to keep your auto expenses under 20 percent of your monthly take-home pay. We recommend utilizing an auto payment calculator to get an estimate of your monthly payment. It will also let you know how much you should set aside for a down payment and how it can affect your payment.
Gather the Appropriate Documents
While you won’t need the documentation to apply online, it’s a good idea to gather all of these documents because you’ll need them when you visit the dealership:
- Recent pay stubs or tax returns
- Bank statements
- Proof of residency
- Proof of auto insurance
- Driver’s license
Fill Out the Online Application
Once you’re ready to proceed, you can conveniently apply on our site to be pre-approved.
The application will ask for your:
- Name, phone number, and email
- Address, how long you’ve lived there, and monthly mortgage or rent cost
- Date of birth and social security number
- Occupation, employer, work address, length of time at job, and income
- Any additional sources of income
- Any co-applicant info
Get Approved for Cadillac Financing Today
Are you ready to apply for Cadillac financing? Still have questions about getting pre-approved? We’re here to help with anything you need — visit Fields Cadillac Jacksonville to get started today!
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Finance
