Guide to Auto Loan Requirements and Approval

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Credit Score Requirements for Auto Loans
What Documents May Be Required for a Car Loan?
Proof of identity Proof of income Proof of residence Vehicle documentation Proof of insurance
Auto Loan Requirements: Proof of Identity
Government-issued IDs Passport Birth certificate
Government Issued IDs
Passport
Birth Certificate
Auto Loan Income Requirements: Proof of Income
Pay stubs Bank statements Wages and tax statements
Pay Stub
Bank Statements
Wages and Tax Statements
Requirements for Getting a Car Loan: Credit History
Auto Loan Requirements: Proof of Residence
Utility bills Government-issued IDs Property tax bills
Utility Bills
Government Issued IDs
Property Tax Bills
Vehicle Information
Current Vehicle Registration
Requirements for Auto Loan: Proof of Insurance
Insurance ID cards Coverage letters SR-22 form
Insurance ID Cards
Coverage Letters
SR-22 Form
Method of Down Payment
Do You Need Any Additional Documents to Refinance a Car Loan?
4 Tips for Auto Loan Approval
1. Choose a Budget
2. Steady Income
3. Buying a Newer Car
4. Larger Down Payment
More Auto Loan Refinancing Tips
Frequently Asked Questions
Photo credit: iStock/Saklakova
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About the Author
Kelly Boyer Sagert is an Emmy Award-nominated writer with decades of professional writing experience. As she was getting her writing career off the ground, she spent several years working at a savings and loan institution, working in the following departments: savings, loans, IRAs, and auditing. She has published thousands of pieces online and in print.
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