Proof of income. In order to qualify for a car loan, you’ll need to prove that you have a steady source of income. Pay stubs or bank statements for the past 2 months.

• Proof of identity. You will need to provide proof of your identity, it can be any from the list below.
 A driver’s license or state identification certificate issued by a state or territory of the United States.
 United States or foreign passport.
 U.S. military identification card.
 U.S. Department of Homeland Security identification document.
 U.S. Citizenship and Immigration Services identification document.
 U.S. Department of State identification document.
 North Atlantic Treaty Organization (NATO) identification.
 Identification issued under a Status of Forces Agreement.
The acceptable identification documents listed above must include:
 a photo of the applicant;
 a unique identification number; and,
 an expiration date.

Note: “Current” is defined as not expired more than twelve months from the expiration date of the identification.

• Proof of residence. To qualify for a loan, you’ll usually need to be able to show proof of residence. Utility or Phone bills work well for proving your current home address.

• Proof of insurance. You’ll need to have proof of insurance for your new vehicle purchase before you’ll be able to take out a loan for it. You can make a call from the dealership to purchase insurance when you’re ready to buy your car, but it may be a better idea to have insurance ready ahead of time. If you have an insurance provider ready prior to purchasing your car just call your insurance provider and add the car to your policy.

• Down payment. Any loan will necessitate a down payment on your part.
Trade-in documentation (if applicable). If you are trading in a vehicle, having the right documents for the car you are trading in is vital. You should have the title and registration papers for your vehicle, and any other vital documents that will prove ownership and help determine the worth of the vehicle.