How long does a car loan pre-approval last?

I want to get a car loan pre-approval to take advantage of the single hard inquiry, but I don't want to wait too long. How long does a car pre-approval last?

While the length of a preapproval period for a car loan will vary from lender to lender, most fall in the 30-to-60-day range. Because these pre-approvals are tied to your credit score and interest rates from a specific period, lenders can’t let pre-approval go much longer than that as it can put them at risk, especially if your credit score goes down or interest rates go up.
When you get pre-approval, you can always ask the lender how long it’s valid for. This will give you an idea of how quickly you need to start shopping for cars and how picky you can be in the car-finding process.
You should also get a jump-start on your car insurance shopping, as the lender will require full coverage as part of the caveats of the loan. But that’s when Jerry has your back. Jerry compares personalized rates from more than 50 top providers, including Nationwide, Allstate, and Travelers, and delivers the best deals to your phone in minutes for free. The average Jerry driver saves $879 a year on car insurance!
Eric Schad
Answered on Nov 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free