Required documents to finance

✯ Valid driver license or identification card

✯ Proof of income

• W-2 income: Most recent pay stub. Pay stub must show:

                                   1- Gross wages

                                   2- Taxes, deductions, and contributions

                                   3- Net pay

                     Please refer to the accepted pay stub below 

• Non-W2 income such as self-employed, tips, 1099, etc.): Most recent three bank statements
• Fix income such as (SSA, SSDI, etc.): Yearly award letter.
• Cash income: Last two months bank statement.
• Cash income without a bank account: Last two months employer canceled checks. 
• We finance any other income such as temp job, unemployment benefit, child support, workers compensation, etc. 

✯ Proof of any additional income (if any)

It is case by case. For the required documents, please contact us.

✯ Proof of residency

Any two of the following documents show name, address, and period of service less than 40 days old (Driver license can be used as one of these two documents if it shows your current address)

• Full bank statement received by mail*
• Full credit card statement received by mail*
• Full store credit card statement received by mail*
• Full cell phone bill received by mail*
• Full last bill of electricity, water, cable, internet, ground line phone, garbage, etc.

*(online statement of any of the above is accepted as long it shows the name, address, and period of service)

✯ Proof of auto insurance

Insurance must be on hand at delivery. The insurance for the vehicle you finance must be full coverage with a minimum deductible of $500 Collision & $500 Comprehensive.

✯ Landlord information (if any)

Landlord name and contact information.

✯ Last month bank statement (Checking or Saving) if any

It is not mandatory but it helps you get a better deal. It is mandatory if you claimed that you have an account in your application. The bank statement must be the actual statement that is closed every month shows the bank logo, your name, and address (not transactions sheet)  

✯ Bank routing number (if any)

(Void check or DR/CR card) It is not mandatory but it helps you get a better deal when you sign automated payment (ACH).

Note 1: Same documents are required for the co-applicant if any.

Note 2: These are the standard requirements but it may slightly different in some cases.

Accepted pay stub must include 

• Employee name
• Pay period and date
• Hours worked
• Gross pay (Current period & TYD)
• Deductions (Current period & TYD)
• Taxes (Current period & TYD)
• Employer contributions
• Direct deposit information (If applicable)
• Net pay (Current period & TYD) 

Any other go case by case.

The benefits of signing an automated payment (ACH)