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How to Get a Car Loan Check your credit report. Apply for auto loans from multiple lenders. Get preapproved for an auto loan. Use your loan offer to set your budget. Find your car. Review the dealer's loan offer. Choose and finalize your loan. Make payments on time.
How to Qualify for a Car Loan Make Sure You Have Good Credit. Have a Source of Income. Be Able to Prove Your Identity and Residence. Consider Getting Preapproved. Have a Down Payment or Trade-In. Understand How Financing at a Dealer Works. Qualifying for a Car Loan With Bad Credit. Work on Your Credit Before Applying.
There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.
Why was I denied a car loan? Lenders frequently reject applicants because of credit score, credit history and overall debt. Errors in the application. You can be denied a loan due to simple errors in the application.
It's typically not very difficult to get a car loan, especially if you have good credit. Here are the things that lenders typically ask for when considering a loan application: Proof of identity. You'll usually be asked for documentation of your name, address, and Social Security number.
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People also ask

Why was I denied a car loan? Lenders frequently reject applicants because of credit score, credit history and overall debt. Errors in the application. You can be denied a loan due to simple errors in the application.
There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.
It's typically not very difficult to get a car loan, especially if you have good credit. Here are the things that lenders typically ask for when considering a loan application: Proof of identity. You'll usually be asked for documentation of your name, address, and Social Security number.
There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.
Why was I denied a car loan? Lenders frequently reject applicants because of credit score, credit history and overall debt. Errors in the application. You can be denied a loan due to simple errors in the application.

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