Any tips for filling out the car loan application for a new car?

So you’ve found the car of your dreams and now it’s time to fill out the car loan application. Today, the loan application procedure is pretty quick and most times painless. You should be prepared with the information that they will request so that you don’t delay the process. Different financing companies may ask for more information than others.

Here are a few of the basic items you will need to bring with you:

• Show 2 valid identification cards: You will need your license and another for of ID such as, Social Security card or military ID.

• Basic information: You will need to provide your basic information such as address, phone numbers, date of birth and your Social Security number.

• Employment: You will need to provide your employer name and address and prove the amount of your income. If you are self-employed you should bring along your 1099 from the past year.

• Other loans: Not all companies will ask, but some may so you should have an idea of your current monthly bills.

Visit the experts at University Motors for your next vehicle purchase and help with your car loan application. Contact us today.