Financing Your New Vehicle – What to Bring

What You Need to Finance a New Car

When you’re in the market for a new car, it’s unlikely that you’ll be able to pay for it in cash. The next-best alternative is to finance it, and when you do that, you want to be prepared. Before stepping into the dealership, you should know what to bring and what all it entails. The team at Gettel Automotive is dedicated to ensuring that you are well-informed when you come by to purchase your dream car, which is why we’ve compiled this comprehensive guide to financing.

What Is Auto Financing?

Auto financing refers to the use of a loan to finance the purchase of a vehicle. Instead of paying outright, you work with a lender to borrow and pay back the sum monthly with interest rates that align with your financial situation.

What Should You Bring?

There are a number of documents you need to have handy when financing your new vehicle:

• Proof of Identity: Driver’s license, passport, or government-issued ID card.
• Proof of Income: Recent pay stubs, W-2 forms, tax returns, bank statements, or self-employment income verification.
• Proof of Residence: Utility bill, mortgage statement, rental agreement, bank statement.
• Credit Report:You can obtain this through a credit bureau to review your history and credit score.
• Large Down Payment: Showing up with a large down payment can lower your monthly rates.
• Vehicle Information: Having the make, model, year, and Vehicle Identification Number (VIN) of the car you intend to purchase can help speed up the process.
• Insurance Information: Most lenders require you to have full coverage car insurance throughout the loan term. Have that information handy.

Tips for a Smooth Financing Process

Now that you have all the paperwork and necessary documents to begin your financing journey, here are some helpful tips to make the whole process go smoother:

• Review Your Credit Score
• Compare Interest Rates
• Get Pre-Approved
• Review Loan Terms
• Factor in Additional Costs (gas, tax, registration fees, etc.)

Find Your New Vehicle at Gettel Automotive

When you’ve got everything together to finance your vehicle, don’t do it anywhere else except at Gettel Automotive. Our team of financing experts will help you find the terms that best suit your lifestyle and budget, ensuring you get into your new car in a stress-free fashion. Go online to check out our expansive inventory of new vehicles and get pre-approved for a loan.

We look forward to assisting you.