You’ve done exhaustive research and found the automobile you’ve always dreamed about.
You’ve saved up for a down payment, and the new ride is going to fit into your monthly bills without breaking your budget. Now, all that’s left is to get vehicle financing.
Whether you are a first-time buyer or automobile-financing veteran, it’s at this point in the process that additional questions start to come up. Being an auto-finance provider, RoadLoans has heard a lot of questions regarding vehicle financing before and we have the answers. The following are some of the more common questions, including questions about financing a car with no credit.
We approve you for the maximum amount you can borrow. If there is additional income to consider, we will review the loan to see if it qualifies for an increase. If the income is less, the amount financed may decrease. Your Preferred Dealer may be able to provide additional financing options.
We prefer you shop at a dealer within our preferred network, especially the Preferred Dealer to which we have referred you. We have a good working relationship with the dealers in our network and know that they will work with our customers to get them the best deal, as well as possibly having other financing for you to review. If you still would like to shop at any dealer, you have that option.
We need a current year-to-date pay stub and will allow an electric bill, credit card statement or installment bill dated within the last 30 days.All documentation must reflect the approved applicant’s name. Proof of residence must reflect the approved applicant’s physical address (PO Box is not acceptable).
Where an approved applicant’s income cannot be proven via a standard W2 paystub (for example, self-employed or retirement income), please contact a RoadLoans representative for further direction.
Hopefully these questions and answers were helpful. If you still have other questions about getting vehicle financing, visit the Resources page at RoadLoans.com, or call our toll-free customer service number at (888) 276-7202.