Guaranteed Approval Car Dealers
If you are in the market for a new or used vehicle and worried about getting approved, do not forget there are guaranteed approval car loans waiting for you. All it takes is you stepping onto the lot and anyone with who wants to sell a car will make the sale happen. Getting approved is always a process and can sometimes involve more than just the dealership to get you approved, but if you have the right items in your hand the day you apply for a loan, you could drive off the lot with your very own car.
How to Find Guaranteed Approval Car Dealers
It is very likely that you will find this type of dealer in your area if you live close to or within the city. These car dealers are generally along the main roads through towns so they can get the maximum foot traffic. Guaranteed approval car dealers do not generally carry brand new vehicles fresh from the manufacturer. They will most likely only carry only used vehicles. They are called what most people know as, "side lots."
Getting Approved for a Car
Once you visit a car lot and browse through the vehicles, you can either make a selection or go to another lot to browse more. Once you have decided on a vehicle, either with the help of a salesman or on your own, you will have to start the application process. Here are (4) things you will need to apply:
- Driver's License
- Proof of Insurance
- J-O-B ( stability of at least a year is usually enough)
- Proof of Income (1 month of check stubs works best)
- Co-Signer/Co-Buyer (this is someone who is willing help take on responsibility for payment of the vehicle with you.)
Once the application is processed (it does not take more than 10 minutes to fill-out), you will be able to continue your research until we contact you. Getting approved is not always as simple as a sign and drive as some might say. There are stipulations.
Here are some things that can affect your car loan approval:
- Year/Make/Model of vehicle
- Mileage on Vehicle
- Amount of Down Payment (it is best to always have between $1000-$2000)
- Your decision **(Don't feel like it is your only option. Visit multiple car dealers for options.)
Car shopping can be stressful, but if you are properly prepared, just about any car salesman can get you approved. Get a car today!