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?
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
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