Prior to getting a car loan, you need to research what you need to do to get the outcome you are looking for.
Most lenders will need to see documentation prior to processing a request for a car loan. But what documents are needed?
Your Car Loan Checklist
If you are ready to get a new or used vehicle, you will most likely need a car loan.
Before leaving for the dealership, be sure to have the following with you in case you are asked for it and prevent the process from being slowed down or halted altogether.
1. Proof of income. Provide your latest pay stub and a record of year to date.
2. Credit score.
3. Proof of residence.
4. Proof of insurance.
Having these on hand when you go to purchase your next vehicle can help you get a car loan and decrease any hiccups along the way.
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