Big purchases often require a lot of paperwork. If you are planning to buy a pre-owned vehicle and will be utilizing used car financing to do it, it is important to be prepared. Moran Certified Pre-Owned goes over the areas that require you to bring in the right documentation.
Identity
The first thing you will have to show are documents that verify your identity. These will need to include a valid driver’s license. You will also need something that has your current address, such as a utility bill or bank statement.
Income
Lenders will of course need to know that you can pay for your vehicle, so you will need to bring your proof of income. This often includes your two most recent pay stubs and tax information like recent W-2s or tax returns.
Insurance
A dealership won’t allow you to drive off in your car unless you are covered by insurance. Be sure to bring your valid insurance card. If you will require new coverage, have your agent’s contact details so everything can be squared away easily.
Trade-In
Will you be trading in a vehicle? If so, you will need to bring its original title and current registration. If you are still paying for the car, bring the account information and payoff quote.
Start the Financing Process Now in Chesterfield, MI
Financing a pre-owned car can take some time. The good news is that you can help expedite the process by getting things started now. Moran Certified Pre-Owned in Chesterfield, MI, makes this easy. Just fill out our online application to get pre-approved. Once submitted, you can gather all of the documents mentioned above and head down to our dealership.
