We always recommend buyers get pre-approved for financing before initiating the Volkswagen car buying process. Many people wonder how difficult is VW credit pre-approval. Luckily, the process itself is actually quite simple and can be completed within a single visit at Heritage Volkswagen Catonsville — learn how it works and the effort involved.
Pre-Approval Is Simple
As stated, the pre-approval process itself is simple. Just visit our dealership and bring along financial records like bank statements, proof of employment, and pay stubs dating back at least two months. Our finance center will then perform a hard credit pull.
From here, the dealer can introduce to you the loans you’re eligible for based on your credit and financial background. The pre-approval process only takes several minutes.
I Wasn’t Pre-Approved; What Happens Next?
While the process is simple, there may be some challenges for lower credit score holders, and your options may be more limited. If you want to get pre-approved for better loan offers, you’ll need to spend time to raise your credit score. This will take some time, which is why we recommend getting pre-approved at least three months in advance.
How to Elevate Your Credit
Raising your credit score isn’t difficult but does take time and require making some phone calls and filling out applications. Here are some guidelines:
- Avoid applying for other loans that require a hard credit pull
- Become an authorized credit card user of a family member with good credit
- Pay off all outstanding balances; don’t let missed payments exceed 30 days past the due date
Apply for VW Credit Pre-Approval at Our Baltimore, MD Dealership Today
Our finance team at Heritage Volkswagen Catonsville takes the guesswork out of the pre-approval process. Visit our dealership with the aforementioned documents, and we’ll handle the rest.
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Finance