What you need for the identification requirements of horrible credit auto loans
Bad credit auto loans
There are certain identification requirements for a problem credit auto loan.
We've aware of these rules because we've been involved in bad credit car sales for close to two decades here at Auto Credit Express.
We even developed a web site that explains the no credit auto loan process so applicants can avoid a tote the note dealer while understanding some of the bad choices that can lead to repossession.
Knowing the rules
But even after you've been approved there are issues that can bring the loan process to a halt. One of them is the required identification applicants will need to bring in order to take delivery of a car.
So to avoid either a trip back home or the possibility of being unable to pick up your new car, this is what you should know.
During delivery you'll need to present a valid driver's license as proof of identification. Even though at this point most buyers have usually taken a test drive and, therefore, have already been asked for one, in some instances (usually because the salesperson is in a hurry), a copy of your driver's license may not have been made beforehand.
Even though a copy may have been made, it might've been lost or misplaced. In any case, if you can't produce a valid driver's license at this time, the delivery process can quickly get complicated.
When you present you license, someone at the dealership (usually the salesperson or finance manager) will make a copy and place it in the deal folder along with the rest of the required loan documents.
Your driver's license also needs to be valid. It must be issued by the state in which you reside and it needs to reflect your current address (as stated on the credit application). The license also must be current (not expired).
In a growing number of states, even if a license appears to be valid, the dealer will also verify it with your state's department of motor vehicles (DMV). If the results of the verification process show that it isn't (due to outstanding tickets, fines, suspensions, etc.), the delivery process can't continue.
The Bottom Line
When you take delivery of a new or used car, through either conventional or bad credit car loan financing, be sure to bring a current, valid driver's license with you; if not, you'll be unable to take delivery of your new car.
At Auto Credit Express we help people with poor credit find a dealer for their best chance at getting approved for a bad credit auto loan.
So if you are serious about getting your car credit back on track, you can begin the process by filling out our secure online car loans bad credit application now.