Prequalification (Auto Loan)

Auto loan prequalification is a preliminary lender assessment using a soft credit inquiry to provide an estimated loan amount and rate range. Unlike a full application, it does not create a hard inquiry and is not a formal approval.

Prequalification tools help the F&I office and sales team set realistic payment expectations early in the process. When a customer arrives prequalified, it accelerates the desking process and helps the desk route the deal to the right lender more efficiently.