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COMMONLY ASKED QUESTIONS

  • What documents do I need for financing a vehicle?

Excellent question! You'll need to bring or submit a copy of your (1) valid driver's license, (2) proof of income, and (3) proof of residency.

Proof of Income:

Proof of income must be dated within the last 30 days of application, and can be any of the following:

(a) employment paystub,

(b) SSI or SSDI benefit verification letter,

(c) pension statement,

(d) copy of alimony checks or statements.

This list is not exhaustive. Proof of income requirement varies according to lender/bank stipulations. Please contact Tyrell if you have questions about other types of valid proof of income.

Proof of Residency:

Proof of residency must be dated within the last 30 days of application, and can be any of the following:

(a) bank statement,

(b) utility bill (i.e. water, gas, electric, propane, internet, cable, satellite),

(c) credit card statement,

(d) mortgage statement,

(e) education institution document (i.e. transcript, report card, or enrollment confirmation).

This list is not exhaustive. Please contact Tyrell if you have questions about other types of valid proof of residency.

  • Do I need a down payment to apply for financing?

You might be surprised to hear this, but you don't always need to provide a down payment to apply for financing. HOWEVER, depending on a variety of determining factors (i.e. credit history, desired monthly payment, etc.), it may be in your best interest to budget for a down payment, either in the form of a trade-in or in cash.

We understand that everyone's profile differs, therefore our licensed financial professionals take a unique approach to financing including taking into consideration all factors in order to yield the best case scenario for lender approval.

© Tyrell Jim | Hi-Country Chevrolet Sales Consultant