I was preapproved - had a private seller. Weeks later the deal is still in process and the seller is losing all patience.
They'll probably get the deal done eventually, but barely communicate, and definitely don't live up to their claim of 5-7 days. 'The check is in the mail'. Yeah they have more favorable terms that 'the bank' for boats/RV's but you pay the price.
My recommendation is if you have a private seller don't waste your time. A cash customer will come along far before you get a deal done with these folks and you won't have anything left to buy.
Review about: Essex Credit Loan.