How to Qualify for an Auto Loan

When getting an auto loan in Dayton, there are many factors to consider. Arming yourself with the right information and documentation will help you feel prepared and confident when applying for car financing, so learn exactly what you need from the experts at New Carlisle Chrysler Jeep Dodge Ram.

What Do I Need to Qualify for a Car Loan?

Anyone who is looking to qualify for a loan in Springfield and beyond will need several documents to kick off the process: 

  • Proof of Income: Lenders need to see proof of your income to see if you’ll be able to keep up with future car payments. Pay stubs and bank statements are good points of reference, though be aware that in some cases lenders may contact your employer for final verification. 
  • Proof of Insurance: Car insurance is required for buying a new or used car in Huber Heights. You can take care of this ahead of time with your current provider, or purchase directly at the dealership. 
  • Identification: A valid driver’s license is necessary for proof of identification, but beyond that, having a current utility bill or bank statement is also handy because it helps your proof of residence. 

If you’re choosing to trade-in your current vehicle towards your new purchase, be sure to bring that car’s title and registration to help facilitate the process. 

Do I Need a Good Credit Score to Get a Car Loan?

Good credit will definitely make getting a car loan easier and more affordable, but if your credit is less than stellar, you can still get an auto loan. Excellent credit history will afford you lower rates, while bad history may incur longer terms or higher APRs. Getting a co-signer may help you achieve better terms, as lenders will see you as less of a risk. Working ahead to improve your credit score before you begin shopping for a car is also a good strategy. 

How to Get a Car Loan: Come to New Carlisle Chrysler Jeep Dodge Ram!

To work through the financing process with ease, work with the pros at New Carlisle Chrysler Jeep Dodge Ram. We’re here to answer all your questions and help you find the right vehicle at the right price for you. Contact us to get started, or get pre-approved from the comfort of home! 

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937-845-1700

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580 North Main Street • New Carlisle, OH 45344

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New Carlisle Chrysler Jeep Dodge Ram

580 North Main Street New Carlisle, OH

Phone: 937-845-1700

http://maps.google.com/?q=580%20North%20Main%20Street%2C%20New%20Carlisle%2C%20OH%2045344

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Phone: 914-801-8598

580 North Main Street New Carlisle, OH

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Phone: 844-801-6761

580 North Main Street New Carlisle, OH

Sales

Phone: 937-405-4067

580 North Main Street New Carlisle, OH

Mobile Sales

Phone: 844-780-2219

580 North Main Street New Carlisle, OH

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Phone: 937-845-1700

580 North Main Street New Carlisle, OH

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Phone: 866-589-9864

580 North Main Street New Carlisle, OH

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Phone: 937-845-1700

580 North Main Street New Carlisle, OH
39.9479217 -84.0224264
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New Carlisle Chrysler Jeep Dodge Ram
New Carlisle Chrysler Jeep Dodge Ram
580 North Main Street
New Carlisle, OH, 45344 USA
937-845-1700
https://di-uploads-development.s3.amazonaws.com/newcarlislechryslerjeepdodge/uploads/2017/06/New-Carlisle-OG.png
New Carlisle Chrysler Jeep Dodge Ram 39.9479217, -84.0224264.