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The identification needed when taking delivery of a car financed through a subprime auto lender

How we know

There are specific identification requirements that must be met prior to taking delivery of any vehicle financed with a bad credit lender.

These requirements are very familiar to us because at Auto Credit Express we’ve spent the more than twenty years helping car customers with credit issues. We even designed a dedicated web site that explains all aspects of the loan process including today’s discussion that has to do with the proper identification needed when taking delivery of a vehicle financed by a high-risk lender.

Know the rules

Once you’ve received an auto loan approval, under certain circumstances there are still issues that can bring the loan process to a halt. One of these is the proper identification applicants need to bring with them in order to take delivery of a vehicle.

To avoid either a trip back home or the possibility of being unable to pick up your new car altogether, this is what you should know:

Identification

Prior to actually taking delivery, you’ll need to present a valid photo driver’s license as proof of identification. Even though a copy should’ve been made prior to a test, in some cases (usually because the salesperson is in a hurry), this might have been overlooked.

Even if a copy was made, it could either have been lost or misplaced. In any case, if you get asked and can’t produce a valid driver’s license at this time, the delivery process can quickly get complicated.

The details

When you present you license, someone (usually the salesperson or finance manager) will make and place a copy of it in the deal folder along with the other loan documents.

The driver’s license you present must be current and valid (not expired or suspended) and issued by the state in which you live. The address listed on the license must also match the address that was supplied on the credit application.

In a growing number of states, even if a license appears to be valid, the dealer is required to verify this with the state’s department of motor vehicles (DMV). If the verification results show that it isn’t (due to outstanding tickets, fines, suspensions, etc.), than this situation will also stop the delivery process.

The Bottom Line

When taking delivery, be sure to come in with a current, valid driver’s license – if not, you’ll be unable to pick up your new car.

One more thing: if you have poor credit, we ask that you consider applying for an auto loan at Auto Credit Express, where we’ll forward your application to a dealer that understand less than perfect credit and can offer applicants their best chance for an auto loan approval.

So if you’re ready to reestablish your car credit, you can begin now by filling out our online car loans application.

The identification needed when taking delivery of a car financed through a subprime auto lender

How we know

There are specific identification requirements that must be met prior to taking delivery of any vehicle financed with a bad credit lender.

These requirements are very familiar to us because at Auto Credit Express we’ve spent the more than twenty years helping car customers with credit issues. We even designed a dedicated web site that explains all aspects of the loan process including today’s discussion that has to do with the proper identification needed when taking delivery of a vehicle financed by a high-risk lender.

Know the rules

Once you’ve received an auto loan approval, under certain circumstances there are still issues that can bring the loan process to a halt. One of these is the proper identification applicants need to bring with them in order to take delivery of a vehicle.

To avoid either a trip back home or the possibility of being unable to pick up your new car altogether, this is what you should know:

Identification

Prior to actually taking delivery, you’ll need to present a valid photo driver’s license as proof of identification. Even though a copy should’ve been made prior to a test, in some cases (usually because the salesperson is in a hurry), this might have been overlooked.

Even if a copy was made, it could either have been lost or misplaced. In any case, if you get asked and can’t produce a valid driver’s license at this time, the delivery process can quickly get complicated.

The details

When you present you license, someone (usually the salesperson or finance manager) will make and place a copy of it in the deal folder along with the other loan documents.

The driver’s license you present must be current and valid (not expired or suspended) and issued by the state in which you live. The address listed on the license must also match the address that was supplied on the credit application.

In a growing number of states, even if a license appears to be valid, the dealer is required to verify this with the state’s department of motor vehicles (DMV). If the verification results show that it isn’t (due to outstanding tickets, fines, suspensions, etc.), than this situation will also stop the delivery process.

The Bottom Line

When taking delivery, be sure to come in with a current, valid driver’s license – if not, you’ll be unable to pick up your new car.

One more thing: if you have poor credit, we ask that you consider applying for an auto loan at Auto Credit Express, where we’ll forward your application to a dealer that understand less than perfect credit and can offer applicants their best chance for an auto loan approval.

So if you’re ready to reestablish your car credit, you can begin now by filling out our online car loans application.

The good folks at Harris Bank offer a number of tips on borrowing that especially apply to people with poor credit

Not just our advice

Financial Literacy Month was in April, but that doesn’t mean any of the tips from Harris Bank are in any way outdated, especially for those with less than perfect credit.

We should know because at Auto Credit Express we’ve spent the last twenty years working with car buyers with poor credit. If you check out our website you’ll see that car loan applicants with low FICO scores can even study subjects such as bankruptcy as well as today’s topic.

We’ll call that topic “what to know before you borrow,” which is also the subject of a recent article from BMO Harris Bank, excerpts of which are below:

An Educated Borrower is a Smart Borrower

“Knowing how, when, and how much to borrow can be difficult to determine,” said Mike Lewis, Regional President, BMO Harris Bank. “But a little research and planning can go a long way to ensuring responsible borrowing and personal financial health.”

Lewis offers some advice on responsible borrowing and how to make sense of the options available.

•    Know your credit score. This number is vital, and will often determine whether you can borrow money, how large a loan you can secure, and what interest rate you’ll pay. Creditors will look at this score to gauge your ability to pay back a loan. It’s made available via three main agencies: TransUnion, Equifax and Experian. Credit reports from these agencies should be checked regularly to ensure accuracy.
•    Manage your credit score. There are many factors that play into a credit score, including your credit history, outstanding debts and your total number of credit accounts and loans. Paying off debt, making payments on time, and not opening new credit accounts will all help bring your credit score up.
•    Understand your responsibility before co-signing anyone else’s credit or loan. If a friend or family member makes that request, be sure you know what you’re signing and have the ability to make payments in the event the primary signator is not able to.
•    Prioritize your debt, whether you’re paying it off or taking out a loan. If you’re faced with multiple sources of debt, make a list and determine which should be paid off first. If possible, make more than the minimum monthly payments to keep interest costs down. When taking on more debt, avoid new credit cards where possible and focus debt where it can help you over the long run – in a home or a college education.

One more thing

We have only one more thing to add to this and that is, if you’ve been turned down for a conventional auto loan, resist the temptation to check out your local tote the note dealer. Doing this won’t help your credit situation and you’ll find yourself in the same predicament the next time you need transportation.

Instead, check out the Auto Credit Express web site where we’ll help find you a dealer for your best chance at an auto loan approval that can help rebuild your car credit.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loan application.