
Many people choose to obtain pre-approval for a used car with a trade-in. If your current vehicle has equity, you can use its value towards your next purchase and reduce the price and the amount you borrow. But applying for a loan isn’t the first step to financing a vehicle. Obtaining pre-approval for a used car loan from Hawthorne Auto Square is easy. We’ll look at why pre-approval is so important and answer common questions people have.
Getting pre-approval for a used car with a trade-in can make your purchase more affordable. The pre-approval process is simple. But not everyone considers it before shopping for a used car. The advantages of obtaining pre-approval for a loan include:
Lenders use a hard credit inquiry during the pre-approval process to determine the amount and interest rate, causing your credit score to drop slightly. The impact is typically minor, but consider waiting to obtain pre-approval until you’re seriously considering a used car purchase.
A hard credit pull can drop your score a few points. The effect is usually temporary. However, check your credit score before applying to ensure your score isn’t too low; you can also determine if it’s best to improve your credit first.
For most lenders, a FICO score of 620 or higher is needed to be considered for a loan. At Hawthorne Auto Square, your credit score isn’t a factor in getting approved. We offer options for borrowers with poor credit, no credit, or a history of bankruptcies or repossessions.
Your loan application can be denied. Pre-approval does not guarantee you’ll be approved for financing. It shows you meet some of the lender’s requirements. However, a low credit score or having too much debt can affect a traditional lender’s decision. At Hawthorne Auto Square, our financing department is much more flexible.
You can get an auto-loan pre-approval at a bank, credit union, or from an online lender. We offer a simple way to get an instant pre-approval for a car loan on our website. Obtaining pre-approval through our dealership takes just minutes and does not require filling out lengthy paperwork. And, once you’re pre-approved for a loan, you can start shopping around for cars you can afford right away.
At Hawthorne Auto Square, you can get pre-approval for a used car with a trade-in, and find the car that meets your wants and needs, under one roof. Our in-house financing department and paperless application streamline the process. Regardless of your credit, you can qualify for a low down payment, low-interest loan. Our team will help you find affordable financing options and low monthly payments on a range of makes and models, including popular brands and luxury vehicles.
To get started, get pre-approved for a used car loan online and view our inventory online, or visit our Los Angeles used car dealership today.
It only takes a few minutes and won’t affect your credit.
© 2025 Hawthorne Auto Square. All Rights Reserved. Website Designed by: Ad Leverage | Privacy Policy | Terms of Service | Manage Cookies | DSAR |License #91864
© 2025 Hawthorne Auto Square. All Rights Reserved. Website Designed by:
Ad Leverage | Privacy Policy | Terms of Service
License #91864