Applying for a Car Loan With Your ITIN
How To Get a Car Loan With an ITIN
If you don’t a SSN, you might believe it’s difficult to secure a car loan. Thankfully, you can still apply for a car loan with an Individual Taxpayer Identification Number. Once you’ve found your next car at Premier Chevy of Buena Park, we can help you explore loan options with your ITIN.
Your Consular Identification Card
A car isn’t exactly a small purchase, which is why you’re probably going to need some form of identification when you start to apply for your loan. While there are a lot of ways to identify yourself, it can be hard without an SSN. If you have a Consular Identification Card, though, this might do the trick. If you’re not originally from the United States, then you may have been issued this card by a consulate. It comes with your photo and other important information like your address and your birthplace. Before you try to identify yourself, you’ll want to make sure that the information is accurate and that it’s not expired. You should also try to keep this card in a safe place so that you know where it is the next time that you need it.
What’s Your Credit Score?
Maintaining a good credit score can be stressful, especially when money is tight. Still, there are ways to improve your credit score over time. This can open up new opportunities for you, as you’re more likely to get a loan if the lender thinks that you’ll pay it back in a timely fashion. Higher credit scores also tend to come with better loan options overall, as the lenders are going to have to compete for your business. If you’re worried that your credit score might be too low to get anywhere, then you won’t want to give up hope just yet. If you live near Santa Ana, Buena Park, or Fullerton, then you can always visit us at Premier Chevy of Buena Park, where we can help you look at your options. As for the long-term, making small improvements today can lead to a better credit score over time.
Take a Look at Your Down Payment
It’s important to have enough money for a down payment, as this shows that you’re serious about buying the vehicle. Typically, a down payment is about 20% of the purchase price. This should be enough to show that you’re committed to paying for the car over time. You don’t have to stop here though, as larger down payments come with significant benefits. It can help you cut down on the interest rate, and you might be able to pay off your car quicker. If you’re ready to get started, then you can visit us at Premier Chevy of Buena Park. You’ll want to make sure that you have your ITIN number and you should bring your Consular Identification Card if you have it. Once you arrive, our staff will be able to go over your potential options.
If you want to finance the new Silverado 1500 or the Corvette Stingray using an ITIN, then you can stop by Premier Chevy of Buena Park.