What does auto loan pre-approval mean and how long is it valid?

Pre-approval means we’ve reviewed your credit and given you conditional pricing. Loan preapprovals are valid for 30 days from the date you submit your application. When your application is submitted, a credit report is pulled. Because credit reports are only valid in our system for 30 days, the preapproval expires at that time. If you have not finalized your loan within that period, our system will automatically repull your credit after 30 days.