When you are preapproved or have pre-qualification for a loan, you can focus on negotiating the best price when visiting the dealership. This allows you to shop with confidence, knowing you won’t end up with high-rate financing. Dealers tend to take people with preapproved financing more seriously, because it means you’re actively looking for a vehicle ready to do business.
In many cases, you may be approved, and funds made available the same day. We understand that sometimes the vehicle-buying process is an urgent matter. Our team will answer your questions and help expedite the vehicle loan application and approval process.
Yes. At TFB, there are no prepayment penalties for paying off your car loan earlier than your original term. In fact, it’s a great way to save on interest over the long run!
Yes, you can refinance your loan at any point. Feel free to refinance immediately after purchasing the collateral, as long as they meet the requirements necessary for securing a new loan.
Need help? That's what we're here for.
Visit a local banking center, or contact us for more information.