 TITLE: How to Qualify for a Car Loan CONTENT: Consider Getting Preapproved\n----------------------------\nThe auto loan preapproval process allows a lender to run a soft credit check and review your credit report to determine what your chances are of getting approved and what interest rate and other terms you might qualify for. If a lender doesn't preapprove you, then you know not to waste your time applying.\nBecause it's a soft credit check, getting preapproved won't hurt your credit score. If you go through the process with multiple lenders, it also gives you an opportunity to compare different lenders to see which one will give you the best loan terms.\nKeep in mind, though, that not all auto lenders offer preapproval. Also, some may require that you have a specific car in mind, while others don't. END