Car Loan Tips

Below are some very important car loan tips to help you get your car loan application approved...

CarCashFinder has seen too many good people like you get turned down for car loans for some rather silly reasons.  While some of these car loan tips may not be earth-shattering, you will be surprised.

Online car loan applications are an amazing way to save time and money while making life easier.  Anyone in need of a car loan online can complete an application that is then submitted through a nation-wide network of professional lenders which will greatly help improve your chances of getting a preapproved car loan.

DO NOT Send Multiple Applications

Many people who complete the car loan application want to change or amend their data after the application has been submitted.  That is extremely difficult to do, however.  Once the application is sent out over the network and is in the system, any subsequent applications will be flagged as a duplicate further delaying your ability to get your car loan.

Filling out the Application

As you fill out your online car loan application, you should be aware that you are sending data over the internet to be processed by computers and by humans.

It is important that your loan application does not contain incorrect characters, mistakes, or misspellings which could disqualify your application.  Use plain text and try to avoid special characters such as (, ! $ & ; : - _ / ? \ [ ] { } , .* ?).

Not all lenders in our nationwide network process the data in the same way.  Any special characters in your online car loan application can cause a computer or network to reject your application because of those "invalid characters".

How to fill out a payday advance application:

Income

You must have a job to qualify for a pre-approved car loan.  You should have paystubs available as proof of income.  If you are self-employed or lost your paystubs, we recommend that you use bank statements as proof of income.  If you get paid by the day or by the job, please average your earnings and make your most reliable estimates.  Remember that you don't want to borrow more than you can repay!

Employment

If you are self-employed or an independent contractor, you should use your company name rather than words like “self-employed” or "contractor" because many lenders will flag these words or phrases and deny the application.  If you work for a company where you perform multiple functions, list them as a phrase or a one word response like in the following examples:

Remember that you will have a real person review your car loan application and call or email you back.  Adding multiple job descriptions will not improve your odds of getting your application approved.  If you are self-employed, a temp worker, or contract worker, do not list those terms as they are negative flags.  If you are self-employed, then simply use your business name:

Valid Information

It is important to double check that your information is correct.  Check the phone number(s) that you would like to have someone reach you at.  "000-000-0000" is not a valid phone number and can cause your application to be declined.  Check your email address and make sure you entered it correctly with appropriate .com / .net, etc.  You would be amazed at how often the applicant’s email addresses is incorrect.  Some lending partners will attempt to validate your email address when your application enters the network.  If your email address is incorrect your application could be declined automatically.

If you don't want to be called at work, then don't list your work phone.  List a primary phone number and then possibly an alternative phone number such as your cell phone or a spouse's cell phone number.  Don't list the same phone number if you can help it as some lenders or dealers will reject an application just based on a missing or duplicate phone number on the loan application.

Be Available by Phone

Some car loan lenders will have their call center contact you to verify basic information.  If a lender can't reach you after a reasonable amount of time they will mark your application as "bad" and delete your information.  It is very important to put a number on the application where you can be reached shortly after submitting the form.  Make sure the phone is turned on and the volume is turned up as well.

Accurate Information

Please use only accurate and up-to-date information that you can prove with documentation to your professional car loan lender.  Stretching the truth could potentially slow down the loan processing or even get your application denied.  Every day technology gets better at detecting bogus and inaccurate information.  Duplicate information, modified information, slight changes in address, name spellings, etc. will all get noticed in the system.  In reality, lenders want to help you get a loan.  Put yourself in the best light possible.  Any good lender will help you work through any stumbling blocks encountered in the application.