Question 1

Will it cost me anything?

Accepted Answer

No, that's the best part. Our service is completely free.

Question 2

What if my credit is not the best?

Accepted Answer

That’s okay, Valley Approvals will match you with a dealer that will understand your situation and get you behind the wheel of a car that suits your needs.

Question 3

What kind of interest rate will I qualify for?

Accepted Answer

Interest rates can vary from 0% - 29.9% based on your previous credit history etc. Each person will most likely quality for a different interest rate. Generally speaking, a new vehicle will most often offer the best interest rates.

Question 4

What factors are taken into account for an approval?

Accepted Answer

Financial institutions generally take four variables into account: vehicle, down payment, application information and credit history.

Question 5

What does credit score mean?

Accepted Answer

A credit score is designed to help financial institutions measure risk associated with a loan. It is a general guideline to forecast how you are at paying your bills. The higher your score, the easier it is to obtain a loan.

Question 6

Will I need a down payment?

Accepted Answer

Depending on your credit situation, some lenders do not require any money down at the time of purchase. In some cases, the financial institutions will require a down payment of some kind to approve a loan.

Question 7

How should I set my budget?

Accepted Answer

A general guideline for most financial institutions is 15% of your gross income. So if you earn $2000 per month, you should set your vehicle budget around $300 per month.

Question 8

Is Valley Approvals a car dealership?

Accepted Answer

No, Valley Approvals acts as a medium between you and a car dealership that fits your needs. After review of the application Valley Approvals matches you with a car dealership.

1-888-205-3114

Takes less than
a minute

FREQUENTLY ASKED QUESTIONS