What Information Do You Need Before Financing a Car?

At Sisk Auto Mall, we work hard to make the car buying process as easy and painless as possible. Since it makes sense to finance a new or pre-owned car, the finance, and sales experts at Sisk Auto Mall thought our customers in the Hopkinsville, KY would appreciate a closer look at how to finance a car at our innovative dealership.

What Do I Need To Finance a Car

The most important thing you'll need to do is gather all your relevant financial documents to get auto financing in one place. If you just did your taxes, you might already have much of the information handy already.

• Proof of Income- In order to get any kind of loan, you will have to prove that you make a certain amount of money. We suggest you bring a copy of your most recent pay stub as well as documentation that shows the total of what you make per year. If you are self-employed or have alternative bookkeeping methods, you may need to bring proof of the last four months of paychecks or your tax returns for the past two years. If you receive income from other sources, bring proof of this as well, the finance department may not ask for it, but it can increase the size of the loan.

• Banking and Credit- While you don't need perfect credit, it does help if you have decent credit and a solid banking history. The finance team will want to know about all your outstanding loans and debit. They will run a credit check, but you can bolster this information if possible. As well, bring copies of bank statements, leases, and credit card statements to prove that you are responsible when it comes to timely payments.

• Proof of Residence and Insurance- Any piece of personalize mail or a bill with your address on it can help verify your home address. Because all states demand you have car insurance, you will need to prove that you are adequately insured for your new vehicle. We suggest speaking with your insurance company before coming in to the dealership. Of course, a valid driver's license is also necessary if you plan to drive the car. If you are trying to buy a car for a friend or family member, you need to have everyone's information available at the time of purchase.

• The Car You Want- While it may seem obvious, you need all the detailed information about the car you plan on purchasing. Most dealers will have already given you a dealer sheet, which includes the VIN, purchase price, year, and model. This will eliminate day-of surprises for either the buyer or the seller.

If you are interested in learning even more about how to prepare to buy and new or pre-owned vehicle from Sisk Auto Mall, please feel free to reach out to our Finance Department. The finance experts at Sisk Auto Mall can help you in a number of ways through our website including offering customers pre-approval options, trade-in values, and a handy auto financing calculator.