Are you in the market to purchase a new car? There are many benefits of getting preapproved before heading to the dealership. Here’s how a preapproval from Rivermark can save you time and money:
You Won’t be Tempted to Overspend
If you apply online and get approved for your loan in advance, you’ll know exactly how much you can afford to spend. With this maximum amount in mind, you’ll be more likely to stick to your budget.
No More Painful Negotiations
Preapproval means you become a “cash buyer” in the eyes of the dealership. This means no back and forth with the dealer. This puts you in a better position to negotiate and saves you money, as you’ll be negotiating the full price of the car and not the monthly payment.
Preapproval is Fast
With the ability to apply online with no application fee, getting preapproved is fast and simple. When you apply, you’ll need to have a ball park idea of how much money you’ll need to borrow. Be sure to remember fees, taxes, tags and warranties when coming up with your number. It’s okay if you don’t have vehicle information, as long as you have an idea of price.
Express Auto Loan Option
Our Express Auto Loan makes the vehicle purchase experience easier than ever. Get pre-approved and we’ll provide you with an Express “Blank Check”, good for up to your pre-approved limit. With your check in hand you’ll have the ability to negotiate as a cash buyer at the dealership! Learn More
Your Auto Loan will be with a Bank you Trust
Don’t go through the hassle of opening an account with another bank or credit union – keep your loan with the credit union you trust! With Rivermark, your payments can be easily made within Online or Mobile Banking and you can transfer payments from any Rivermark account. As a credit union, we have your best interest in mind so you know that you will receive the best possible service.
But don’t take our word for it! Here’s what our members had to say about their preapproval experience:
“I was simply blown away at how easy it was to not only get the lowest pre-approval in town! I got to choose whatever vehicle I wanted and the signing process was super easy. I recommend Rivermark to all my friends and family and always praise what a great bank it really is. I’m a customer for LIFE!” -Alisha
“I talked to Rivermark about getting pre-approved for an auto loan in the morning. By afternoon I was at Wilsonville Toyota signing the papers. Since I had spoken with Rivermark earlier that day, they were ready to with the info the car dealer needed and I got a great rate.” – Tim
“Pre-approval was a great tool in shopping for a vehicle. It was stress free, not having to play the monthly payment and interest rate game with the car dealer. I found the car, got pre-approved for what I wanted to pay and bought it. No games.” – Matt
Ready to get started? You can apply for pre-approval right on our website.
If you have questions about the pre-approval process or Rivermark membership requirements, please give us a call at 503.626.6600 or 800.452.8502 or make an appointment to stop by a branch.