Applying for a loan with a bank you’re a member of is a great idea! To get pre-approved for a car loan with Chase, you will need to provide the following documents:
Government-issued ID. The ID must have your photo, signature, and address on it.
Vehicle information. You’ll need to give the bank an idea of what type of car you’re looking for and the general price range. Having a make, model, and year in mind can help.
Proof of income. Chase will need to see you have a steady source of income. Typically they’ll want to see proof of employment, like pay stubs or W-2s.
After collecting these documents, the next step is to go to your local Chase branch and speak with a financial expert. They’ll have you fill out an application and check your credit. If approved, you’ll receive a pre-approval letter from Chase, which will include the amount you can borrow up to and your interest rate.
Keep in mind, pre-approvals are usually good for 60-90 days. If you don’t purchase a vehicle in that timeframe, you’ll have to reapply.
After getting pre-approved, it’s important to know how much you’ll spend on other car expenses
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