Get a Loan Before You Choose a Car! Here’s How You Can Apply for a Pre-approved Loan

Getting a car loan can take a while –  the time ranges from a few days to a week, sometimes even longer if your documents aren’t in place – this means you are not immediately able to drive your new car. 

But for those who are unable to pay cash for a car (which is probably most of us), getting a hire purchase loan, also known as a car loan, is needed to buy a car.

Now, what if we told you that we can take away the waiting game from securing a car loan with a pre-approved loan? That’s right – pre-approved car loans do exist and there are a few advantages to this compared to conventional loans that require a longer wait time with a risk of possible rejection. Let us explain. 

What is a Pre-approved Car Loan? 

It is exactly as its name – it is a car loan that has been approved prior to you even choosing a car you want. There are many benefits to getting a pre-approved car loan, here are some: 

  • You can plan your budget easily: With a pre-approved car loan, you find out your maximum financing amount right off the bat before you even find a car you want. That way, you will be able to shop for a car, knowing your exact affordability. For example, you apply for a pre-approved car loan and get pre-approved for RM80,000. Hence, you can start shopping for a car within this limit. However, it does not mean you have to utilize the entire RM80,000. Instead, you can shop within the limit, calculate the monthly repayment amount, and set a realistic budget that fits your lifestyle.

  • Avoid disappointment: Since you have your car loan pre-approved, the process is much easier for you to secure a car. This is because you do not have to wait for your loan to get approved, which would be the case if you were to go the conventional route where you choose a car before applying for a loan. With pre-approval, you already know that you have the necessary financing to buy a car, avoiding potential loan rejection as you already know how much you can afford.
  • Drive away almost immediately: This ties in with point number two – after you choose a car, you can get it within a matter of days as you do not have to wait for loan approval. 

Get a Carsome Certified Car with a Pre-approved Car Loan with Carsome Capital

Now, Carsome is all about providing our customers an end-to-end journey, with a completely seamless process that is made even better with the introduction of Carsome’s pre-approved car loan. With this, you can buy a Carsome Certified car and get it delivered to you within one* working day. 

Here’s how to apply for a Carsome’s pre-approved car loan to get your Carsome Certified car. 

  1. Get a Carsome Pre-approval Certificate: Click on “Get Pre-approved Now” on www.carsome.my/car-loan, or click here. This will take you to a chat where you will need to submit your Identification Card (IC) and monthly income details to us. We will assess your application, and if it is successful, a Carsome Pre-approval Certificate will be generated with your maximum loan amount, repayment period, and interest rate.
  2. Choose a Carsome Certified Car: It’s time to finally go browsing for cars. Once you get your Carsome Pre-approval Certificate, you can head to our website to browse for a Carsome Certified car and make your booking. Additionally, you can also talk to a Carsome Consultant and browse for cars at any Carsome Experience Center. Once you make your decision, just show your Carsome Pre-approval Certificate to get your purchase finalized.
  3. Collect Your Car Instantly: Bring your car home! You can get your car within one working day*. We can arrange for collection at a Carsome Experience Center, or deliver it straight to your doorstep.

It’s that easy! 

Buy a Carsome Certified Car for Peace of Mind

With plenty of monthly promotions, buying a Carsome Certified car not only gives you peace of mind, but also the widest selection of pre-owned quality refurbished cars. 

On top of that, Carsome Certified cars come with the following promises:

  • Five-day money-back guarantee: If you change your mind after purchasing a Carsome Certified car, you can return it back to us within five days to get a full refund – no questions asked. 
  • Professional inspection: All Carsome Certified cars go through a 175-inspection to ensure it is free from major accidents and flood damage.
  • One-year warranty: Our journey with you does not stop after you buy a car. We will give you an extended warranty to ensure your vehicle is covered in your first year.
  • Fixed price: The price you see on the listing is the actual full price of the car with absolutely no hidden fees. We practice full transparency in our costs to ensure you know exactly what you are getting.

Meanwhile,  Carsome Certified offers safety, comfort, as well as a refurbished aesthetics to give you the best quality choices. Together with Carsome’s pre-approved car loan, you can avoid the long wait of securing your car and drive away almost immediately when you find your dream Carsome Certified car. 

With that, we hope you find your car with us and we wish you many safe journeys on the road. 

*Terms & conditions apply.