It can be disapointing and a big waste to pick out the perfect truck only to find out it cost more than your truck loan approval allows. This allows you to look for trucks that you can actually purchase.  

Just because you are approved for a certain loan amount doesn’t mean the monthly payment is affordable or desirable to you. 

If the dealer knows you are already approved, there is no reason to waste both of your time starting a loan process and looking for all your financial documents. Most people don’t end up purchasing the first truck they pick out. In addition to hurting your credit with multiple credit pulls from every Truck dealer.

Let’s face it, dealers don’t want to waste time showing someone mutiple trucks only to find out their customer is declined for a loan. When you show the dealer your approval, they know if you like the truck they will get the sale and are more willing to negotiate price.

Undesirable trucks stay on the lot for months while the trucks everyone wants are sometimes gone in less than an hour. Why spend time finding the perfect truck and lose it while you are waiting to get approved for a truck loan or worse putting a deposit down and finding out after your loan can’t be approved.

Maybe you will be approved with no money down needed or maybe you will need to bring a sizable down payment. It is nice to know what your down payment will be before you start shopping.