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What is everything a dealership asks for, for proof that you can finance a car? and Kingkey finance Plaza construction Shenzhen Nov 2010

What is everything a dealership asks for, for proof that you can finance a car?



What do they look for to know you can finance a car


Finance best answer:

Answer by Norm
You have to fill out a credit application. The first thing they ask for is pay stubs so they know how much you earn. Then they'll ask you if you have a mortgage, rent, student loans, or credit cards that carry a balance -- and you'll have to list all those. They also run your credit report. Once they have all this information, they'll figure out what your debt-to-income ratio is, and if that ratio is too high they won't finance the car for you. If your credit score is too low, they won't finance the car for you. But if you meet their requirements, the higher your credit score the better financing rate you'll get.


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Kingkey finance Plaza construction Shenzhen Nov 2010
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