The Terry Labonte Chevrolet finance department offers all customers access to credit assistance and available bankruptcy approval programs designed to help even the most credit challenged individuals obtain a new or quality used vehicle. We understand that not everyone has perfect credit, but we don't believe that should disqualify you from obtaining the vehicle you're looking to purchase. Regardless of your current credit score or your previous credit history, Terry Labonte Chevrolet wants to help!
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What Documentation Should You Bring to the Dealership for Financing?
If applying a subprime car loan, the applicant will have to bring a few additional records. This is because a moneylender is incurring a high risk when financing a subprime car loan.
Valid Drivers License Verify your license is not expired, revoked, or suspended. Also ensure the address listed on your driver's license is current and matches your state of residence.
Proof of Insurance Take care to include the name of your agent and a reliable contact number. Preemptively adding a new car to your policy will not be necessary until approval.
Proof of Residency A recent bill for utilities, such as water or electric, is sufficient proof so long as your name is listed and matches the address given.
Proof of Employment For approval, a recent (within 30 days) pay stub stating your year-to-date earnings is sufficient. Self-employed individuals must provide two years of professionally prepared tax returns.
Personal References Most finance professionals expect six references. A reference means any individual that knows you personally -- be it a family member, friend, or work colleague. Your list should include full names, addresses, and phone numbers.
Phone Number Verification Any phone number provided must be in service and under the applicant's name. Prepaid cell phone numbers will not be accepted.
Additional Documents are Required if any of the Following Apply to You:
Individuals trading in a vehicle must provide the title.
Individuals who have completed a bankruptcy must provide discharge papers.
Individual currently in an open Ch. 13 bankruptcy must provide necessary paperwork after receiving an Authorization to Incur Additional Debt from the court.