 TITLE: How to Get a Car Loan CONTENT: Getting Preapproved for a Car Loan\n----------------------------------\nIf you decide to get a loan from a bank or credit union, you can get preapproved. Getting preapproval for a car loan involves completing a preliminary application with a lender who will review your credit and other financial information. They'll let you know the size of the loan they'll finance and the interest rate they're likely to offer.\nPreapproval can help you find the best interest rate, make it easier to know how much you can spend, and give you bargaining power with a dealership. It doesn't, however, obligate you or the lender to actually enter into a loan agreement.\nRemember to complete your preapproval and actual loan application within a short time period to minimize the possible impact of hard inquiries on your credit score. END