Knowing how much you can borrow

Help narrow down your choices and save time as you shop for your next set of wheels.

If you’re shopping for a new or used vehicle, online pre-approval can put you ahead of the game when you find the right car.

  • Five minutes is all it takes for most customers to complete our online pre-approval application
  • No vehicle information is needed to establish your pre-approved loan amount
  • We’ll send you a confirmation letter with your pre-approved loan amount and next steps

To qualify for the best rate, the loan must include:

  • A term of 36 months or less1
  • A loan for $30,000 or more
  • Financing of 80% or less of the car’s value
  • A credit score of 800 or higher
  • A vehicle that is less than 12 months old
  • Automatic payments from a U.S. Bank personal checking or savings account

Online pre-approval FAQs