Auto Loan Documents Checklist
When you apply to get your auto loan fast, you will have to provide certain documentation. Here is a checklist of what paperwork you’ll need.
- Pay stubs. You will need to prove your income before you can qualify to get your auto loan fast. Usually, you will have to provide pay stubs from the last month that specify how much you’ve made so far this year. If you are self-employed and want your auto loan fast, you will probably need to supply tax documents as proof of income. If you have other income from real estate, investments, etc., you should also provide proof of these earnings.
- Financial history. Your prospective lender will need to know about your credit history and current financial obligations. Before you get your auto loan fast, you may have to provide mortgage or leasing documents, credit card statements, or proof of child support or alimony payments. You may also need to provide your lender with several months’ worth of bank statements.
- Proof of residency. You can use your mortgage or leasing agreement as proof of residence. You can also use any mail you have received that contains your name and address. Some lenders require that you submit some type of bill with your address on it as proof of residency if you don’t have a lease or a mortgage.
- Information about the car. To get your auto loan fast on a new car, you will have to supply the lender with buyer’s order, also called the dealer sheet. This document will contain the price of the vehicle, the year, the make and model, and the vehicle identification number. For those buying used cars, you will have to get all of the above information from the seller. You’ll also need the vehicle’s original title, mileage, and notification of any liens against the car.
- Verification of insurance. Most lenders require that you provide proof of insurance for your new vehicle before you can get your auto loan fast. You need to prove that your insurer is aware of your new vehicle and that the vehicle is sufficiently insured.
