Tips on How to Get Approved for a Car Loan
Knowing how to get approved for a car or truck loan is not that complicated. Many dealerships, however, seem to do their best to make it that way. The Sterling Mccall Chevrolet Auto Financing Team is here to help break it down for you. If you’re wondering how to get a new Chevrolet or used auto loan, read on. Discover the top auto financing approval questions to ask your dealer.
To get a jump-start on the process, we recommend filling out the dealership’s online financing application before you make the trip to the dealership. When you’re ready to head to the showroom, be sure to bring the following:
Sterling Mccall Chevrolet: Auto Financing FAQ
Click below to find answers to some of the commonly asked questions regarding auto loans.1) Can You Get A Car Loan At Sterling Mccall Chevrolet?
Absolutely! Our Chevrolet financing team in Houston is on site to help you with everything you need to finance your vehicle. In addition to their expert knowledge of all of the different financing programs and options, they have an extensive network of auto lenders, such as banks and credit unions. They are perfectly equipped to provide you with everything you need to finance your new vehicle.2) Should I Apply For a car or truck Loan Before or After Picking Out Vehicle?
Do you want to be pre-approved for a specific dollar amount? Or are you looking to finance dream car. Whichever you prefer, our Chevrolet financing team is ready to help you throughout the process.How Do I Get Approved For An Auto Loan?
Getting approved for an auto loan takes a lot of factors into consideration including your credit history report and your annual/monthly income. While there is not a one-size-fits-all process that will guarantee auto loan approval for everyone, these preparation steps can lower the difficulty level of the approval process.To get a jump-start on the process, we recommend filling out the dealership’s online financing application before you make the trip to the dealership. When you’re ready to head to the showroom, be sure to bring the following:
- Valid driver’s license
- Proof of income (paycheck stubs and/or bank statements)
- Three to five personal references (name, address, and phone numbers)
- Down payment (if needed)
Phone Numbers:
- Main:281-397-8600
- Sales:888-875-5269
- Mon - Sat9:00 AM - 9:00 PM
- SunClosed
- Mon - Fri7:00 AM - 6:00 PM
- Sat8:00 AM - 5:00 PM
- SunClosed
- Mon - Tue, Thu - Fri7:00 AM - 6:00 PM
- Sat8:00 AM - 5:00 PM
- Wed, SunClosed
4) Can I Get Approved For A car or truck Loan After Bankruptcy?
Yes, it is possible to get a car or truck loan approval even after bankruptcy, depending on a few factors:- Was the bankruptcy a Chapter 7 or Chapter 13 filing?
- Has the bankruptcy been discharged or are you still in bankruptcy?
- How was your credit history before filing for bankruptcy?
- If you do not have a letter from your trustee, you should obtain one.
5) What Do I Need To Bring With Me To Get Approved For A Car Loan?
It’s always a good idea to come to the dealership prepared for the financing process with the following documents:- Valid Driver’s License
- Proof of Income: If you’re a W2 Employee you’ll need:
- Recent paycheck stubs
- If you’re a new employee, a proof-of-employment letter from your employer is a good idea
- Bank statements
- Tax returns
- Three to five personal references (name, address, phone number)
6) Will Sterling Mccall Chevrolet Approve Me For a Second Car Loan?
Financing a second car loan is more common than you might think. There are several factors lenders look for when considering financing two or more vehicles at a time:- Your credit history
- Your debt to income ratio
- Whether you have a cosigner
- How long you have had your current car loan