Unless you have the correct identification there is a good chance you will not qualify for a bad credit car loan
Bad credit auto loans
If you have bad credit you should know what the lender will require for identification when signing up for auto loans for bad credit. We've seen this issue before, because Auto Credit Express has been working with bad credit retail car buyers for over twenty years. We've even developed a web site featuring a bad credit auto loan application and match applicants to local dealers that, like our stores, specialize in second chance auto loans.
We did this because customers with even minor credit problems often experience frustration and embarrassment when shopping for a car. In addition, getting turned down at a car dealer can lead many of these buyers to a tote the note car lot, a choice that usually won't improve their car credit and a finance situation that, in many cases, can lead to repossession.
But even if you're approved, there is something that can stop the buying process dead in its tracks.
One important item that occasionally gets overlooked by both good credit and bad credit car buyers is the required identification they will need to bring with them in order to take delivery of a car. So if you want to avoid a trip back home, or even the possibility of being unable to pick up your new ride, read on.
Drivers license check
When you take delivery of your new vehicle, you will need to present a valid driver's license as proof of identification. We realize that at this point most buyers have already taken a test drive, but in some instances (usually because the salesman is in a hurry to get you behind the wheel); a copy of your drivers license may not have been made beforehand or if it had, it may have been misplaced. In any case, if you can't produce a valid driver's license at this time, a bad credit auto loan delivery can quickly get complicated.
So before that happens, here is what you need to know:
Once you present you license, someone at the dealership (usually the salesman or the finance manager) will make a copy of it and place it in the deal folder along with the rest of the required loan documents.
You drivers license also needs to be valid. This means that it needs to list your current address (as you stated on the credit application) and it needs to be issued from the state in which you reside. The license also needs to be current (that is, it cannot be expired). In a growing number of states, even if the license you're carrying shows that it's current, the dealer will also verify it with your state's department of motor vehicles (DMV) to determine if it's valid. If it isn't (outstanding tickets, fines, suspensions, etc.), the deal is off.
The Bottom Line
When you take delivery of a new car, whether through conventional or second chance auto loan financing, be sure to bring a current, valid driver's license with you; otherwise, there's a good chance that you'll be unable to complete the delivery process.
Auto Credit Express has helped thousands of people with bad credit buy cars and reestablish their car credit at the same time. Our nationwide network of affiliate dealers specializes in bad auto credit.
So if you are serious about getting your car credit back on track, you can begin the process right now by filling out our secure online bad credit car loan application.