Yes. A pre-approved loan can be extremely useful when approaching a vehicle purchase and is quite common practice for many businesses. Pre-approved vehicle finance is arranged in similar steps to that of a loan arranged after a vehicle is selected and/or a purchase deal is agreed upon. Except, it is usually based on an estimate of what our customer anticipates their vehicle will cost rather than on an invoice for sale issued by the seller. Most people have at least a rough idea of what they will be paying for a vehicle so estimating a loan amount is quite easy. A loan quote is sourced for that amount. On approval of the quote, the application is processed through to the final approval stage. Customers can then proceed with confidence to select a vehicle and commit to a purchase. The loan amount is then finalised on the contract and any adjustments are made when the final invoice is received.