|
You've picked out the perfect pre-owned vehicle. It meets all of your needs and you feel like the vehicle will be a great value for your money. What's next? You need to work out your financing options. One of the options at your disposal is a loan through the pre-owned car dealers in Anchorage from which you're purchasing the vehicle. If you're going to use this method, there are some things that you should bring with you to the dealership to ensure that the loan application goes as smoothly and quickly as possible. Here are some of the things that are helpful to take along. Proof of Identity If you plan on test-driving the vehicle, you need to bring your driver's license with you. Most dealerships want to keep it on hand while you test-drive the car. If not, they will at least make a copy of it to keep on hand. Proof of Insurance Before you can drive the vehicle off of the lot, most dealerships want to see proof of insurance. Bring your most recent insurance card to show the dealership when making the purchase. It might be helpful to find out if there is something more that you need to bring with you in order to get to drive your vehicle home. Social Security Number If you don't know your Social Security number by heart, bring your Social Security card with you. You need your number when purchasing the vehicle through the dealership. Your Social Security number is used to pull your credit information to show how well you pay your debts. Proof of Employment When purchasing a vehicle from the dealership, you need to show that you can afford the monthly payments. As you fill out the application, you have to answer questions about your employment. Where do you work? How much do you make every month? It would be helpful to bring along paystubs, your W2s, or bank information that can be used to verify your employment and earnings of everyone that will be included in the loan. Proof of Residence As part of the application process, you must provide proof of your residence. It may be as simple as showing your driver's license. On the other hand, you may need to bring along your mortgage statement, a rental lease agreement, utility bill, or other documents to verify your address. Down Payment What are you using as a down payment for the car? Make sure that you have the cash or check on hand that you need to make the payment. If you use a debit card, you may need to figure out whether or not your financial institution will allow you pay the amount that you want. If you have a daily limit, you may need to contact your bank to let them know that you're paying more for your down payment. Also, if the dealership allows you to pay with the down payment with a credit card, you may want to consider doing this. You can pay it off with your cash or check later, but you can get points on your credit card, too. It's important to contact the pre-owned car dealers in Anchorage before you show up to process your loan. Make sure that you know exactly what is expected of you to prevent any issues with the loan. Bring all of the documents that you need to complete the application and verify all of the information so you can drive your vehicle home in no time.
Related Articles -
Pre-owned, Car, Dealers, Anchorage,
| 
