An auto loan pre-approval is an important step in the process if you're thinking about financing a new or used car. A car loan pre-approval isn't needed whenever funding a motor automobile, however with your financing set up before shopping, guess what happens you are able to afford to blow. The financial institution will be needing information that is specific you. When you provide this information, the pre-approval process takes about 24 hours — sometimes less. Car loan pre-approvals are often legitimate for as much as 60 times, however your certain loan provider should be able to provide a time frame that is definite.