When To Bring When Applying For Good Credit Used Car Loans In Hillcrest Heights
Posted on June 12, 2018
If you are hoping to find a vehicle and get approved for financing, you need to be sure that you enter into the process fully prepared. When you have everything you need and you do some research in advance, you should be able to enjoy good credit used car loans in Hillcrest Heights and the surrounding area.
There is a good bit of information that goes into your ability to get loan approval. Heading into a dealership to work with a lender means making sure that you have the right documentation along with the knowledge of your credit history and current score. This should give you somewhat of an estimate of the type of interest rate you may be offered once you pick out the vehicle you would like to buy.
Proof Of Income – Many lenders will need to see proof that you have an active source of income so they have confidence you will make your car payments in a timely fashion. Bring with you a current paystub that also has your income for the year-to-date. If you happen to be self-employed, you can bring along your tax history or bank statements for proof.
Proof Of Residency – Your address will have to be verified for the car loan application. There are several options that you can pick from, including business correspondence, your mortgage statement, utility bill, etc.
Identification – Whether you are buying the vehicle for yourself or for another person, you need to bring with you a value identification or driver’s license.
Proof Of Insurance – There are laws that require all vehicles on the roads in most states are insured. The lender will also want to see proof of insurance to cover the vehicle while you are paying off your loan. If you do not currently have insurance coverage, you can contact an insurance company while you are working out the details at the dealership to secure it.
Expert Auto will be happy to help you with your good credit used car loans and finding the right vehicle for your driving personality and budget!