What Do I Need to Finance a Car?

Finance Agreement

 

When you’re ready to pull the trigger on purchasing a used car in West Palm Beach, you’ll want your transaction to go as smoothly as possible. The easiest way to have an efficient experience at our car lot is to ensure that you bring all of the required documents. Prepare for your appointment by using our easy-to-follow checklist, and enjoy a seamless transaction.

 

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Guaranteed Financing Checklist

Proof of Identification

You must bring valid proof of identification to purchase your used car. Planet Motors will accept your driver’s license, international license, or passport. Unfortunately, we cannot accept military ID badges since they are illegal to photocopy.  If you will be using your passport, plan to bring your visa too. To finance a vehicle with us, you will need to prove that you are allowed to stay in the United States for the length of the loan.

Proof of Income

To finance a car with Planet Motors, you must show proof of income from your employer.

  • W-2 Employees: Bring your most recent pay stub showing your income for the entire year. Your income before and after taxes, insurance, and other deductions should be shown on your pay stub.
  • Self-Employed Workers: Bring your 1099 and three consecutive months’ worth of your most recent bank statements. This will demonstrate that regular income deposits are being made into your bank account.
  • Social Security or Disability Income: Bring your SSI or disability award and bank statements for the last three months.

Do you have multiple sources of income? You are not obligated to provide proof of all your income sources. However, if you plan to use that income to qualify for a loan with us, you must provide the required documentation.

Proof of Residence

When you apply for bad credit car financing with us, you must prove that you live at the address on your loan application. You must provide ONE of the following:

  • a piece of certified mail
  • a utility bill
  • a government document

The document must show your name and your current address.

Discover More Auto Finance Options at Planet Motors today!

Learn more about guaranteed financing at Planet Motors. And, whichever financial option works best, you can count on our dedicated finance team to be by your side throughout the entire process. Take a look at our inventory of pre-owned vehicles to find your favorite model. Contact us to schedule a test drive near Lake Worth, FL!

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Planet Motors 26.68150198675872, -80.11259915396654.