Securing a Mortgage as a Self-Employed Individual

How Can I Get Preapproved?

Getting preapproved for your next auto loan follows the same steps as a standard loan approval, except that specific vehicle details may not be finalized. To obtain preapproval, you’ll need to complete an application and provide necessary documents for the lender’s review.

With preapproval, you gain confidence in your car search and expedite the purchasing process since part of the financing is already handled. Even if the vehicle is still en route to the dealership, preapproval can be secured without the finalized registration, VIN, or engine number.

Broker vs. Dealer Car Financing

Many consumers don’t realize that car dealerships can earn as much from financing as they do from selling vehicles—sometimes even more!

• Dealer’s Advantage:

Dealerships have an upper hand in negotiations because they control access to your desired vehicle, influencing both price and financing terms.

• Our Approach:

We collaborate with car buying specialists who negotiate better rates directly with manufacturers, bypassing dealership markups.

• Lack of Transparency:

Due to regulatory exemptions, dealerships may not be required to disclose the same details as brokers, making it easier to overlook critical contract terms.

• How We Help:

We ensure you fully understand loan contracts and provide clarity on every aspect of the agreement, prioritizing your best interests.

• Limited Financing Choices:

Dealerships offer financing through select lenders, which may not always be the most competitive option.

• Why Choose a Broker?

We provide access to a diverse range of lenders to help you secure the most suitable financing.