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How do I get prequalified for a car loan for a Ford Bronco?
I really love the new Ford Bronco, but I need a loan for it. How do I get prequalified?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting prequalified for a
car loan
for a Ford Bronco is a great way to find out if you can afford a loan and what your payments might be—all without damaging your credit score.Because prequalification isn’t the same preapproval, lenders will only do a soft inquiry on your credit report, which doesn’t impact it like a hard inquiry would. Plus, most lenders allow you to prequalify for a car loan online, making the process super easy.
To get prequalified, follow these steps:
- Shop around for rates and find a few lenders you want to work with
- Fill out the online form
- Set a budget so you can pay your monthly loan
When you fill out the form, you will need:
- A report of your annual income
- Employment information
- Driver’s license information
- Record of any other debt
Once you supply this information, you can find out if you prequalify, and you can start your search for the best price for a Bronco.
If you find the perfect Bronco, you should also consider car insurance. Since you’re financing the vehicle, the lender will require full coverage car insurance. Use the
Jerry
app to compare quotes from up to 50 different insurers. Jerry makes the process easy by completing all paperwork for you! View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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