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It means that the major factors for a car loan are positive BUT the actual credit score and record have not been checked yet and could cause the loan to fall through.

Conditional means that if the whole thing you told them checks out legitimately and they have no surprises upon their examine then you have the loan.

You have to always show proof of the whole thing that you claim (income, credit etc) they can't just take your word for it!

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Q: What does conditionally approved mean for a car loan?
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Related questions

What is a pre-approved car loan?

A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.


Can you be approved for a car loan and then denied?

Yes


Can the car dealer be held accountable for tell you your approved for a car loan?

Nope, if an error was made in telling you that the loan was approved and the loan was in fact not approved then the deal is off. If you want to sue I am sure you can find an Lawyer that will take your money. Hint: WALK AWAY.


If you have bad credit will you get approved for a car loan with a cosigner?

Yes.


I am 16 and working full time can you get a car loan?

No, you cannot get a loan directly, you need a co-signer on whose name the loan will have to be approved. I am suggesting you few website where you can apply for the car loan.


How much can I get approved for with a credit score of 715?

Can I get a car loan of 11000.00


Can you get approved for a new car loan after your chapter 13 bankruptcy is dischared?

yes, I did.


How and where do you get pre-approved for a used car loan?

Call a lender, tell them how much you want to borrow and what type and age of car you are looking for. They will take some financial info and tell you how much and at what rate they will loan you. It's very easy to get pre approved for used car loan there are many online sites provide pre approved car loan you have just fill out small form and their officer will contact you within 48 hours about your approval status.


Where do you get car loan with guaranteed approval?

No place. Loans are not guaranteed when you apply. You have to meet the conditions of the loan to get it. Even if you drive a car off a lot the dealership can ask for the car back if the loan isn't finally approved.


Where can one get car credit from?

If you are looking to purchase a new car, but do not have the money available, you can look at getting a car loan. Some people take out a car loan directly from their bank, while others use car financing offered directly from the seller. If you are not approved for a car loan, you can also check out websites such as Family Loans and Approved Car Loans. They offer credit to those who have bad credit or no credit.


Can you buy a car in north carolinda through approved dealer loan without a license?

yes.


Is it possible for someone to finance a car in their name then once approved sign the bank loan over to you?

NO!