When you’re looking for a car loan whether it’s for the first time or the tenth it’s nice to know what you can expect and what you will need to obtain financing for your next vehicle purchase. Since some of you have experience in car buying, let’s start with the newbies.

W2 Provable income of at least $1500 per month
Self-employed people will need 2 years of tax returns
US Citizenship or resident alien status
18 years of age
Rent receipt/utility bill in your name

Got that? Next let’s take a look at your credit history. Do you have any? Remember to a lender, no credit history is in about the same category as someone whose credit is bad. Don’t know if you have or don’t know what it looks like? You are entitled by Federal law to a free copy of your credit report from each of the national credit reporting agencies annually. Get a copy and check it over carefully. Something incorrect on your report should be fixed before you apply for any auto loan, a few points on your score could make a dollars of difference to you!
If you find you have no credit and you can find a cosigner with good credit you will find that a loan is far easier to obtain and that the rates and terms can be much more attractive. A co-signer for those who are not familiar, agrees that in the event you can’t or don’t pay, they will. Don’t be surprised if they are hard to find! Down payments are next, 20% is industry standard but 10% or at least a $1000 dollars will really help get you approved.
Finally, look for a source that is used to dealing with credit of all types. A source like the LoanexFastCash.com has experience in obtaining credit for people whose credit scores range from no credit history to excellent. Our application is simple, site is secure and prompt professional service is just a click of the mouse away! Don’t get just any credit, get it through the LoanexFastCash, you’ll be glad you did!