A pre-approval is where the lender provides a predetermined amount for the purchase of a vehicle.

The easiest and most efficient way to look for your ideal vehicle is to get pre-approved first so you know exactly what your budget is. That will then give you the freedom to do the proper research and open your eyes to all options available in your price range.

A big advantage of a pre-approval is you will already know your repayments before you purchase your vehicle.