Finance / What's Needed

Here's How it Works

  1. Take the time to fill out our online application. Fill it in with the most accurate information you can.
  2. One of our friendly staff will call you and go over your approval with you.
  3. Or you can call us. Our phone number is listed at the top of the page.

What Do I Have to Provide to Get My Car?

There are a few must have items you will need to provide to get your financing today, such as;

  • Copy of Drivers License
  • 10 References
  • Proof of Insurance
  • Proof of Income
  • Proof of Residence
  • Landline/Cell Phone Bill

Read on for further details.

1. Proof of Income with a minimum of $800.00 per month is required.

  • We accept Bank Statements (average deposits over 3 months)
  • Pay Stubs
  • Social Security with a Direct Deposit, or copies of checks with Award
  • Letter
  • Copies of Cancelled Checks from your employer.
  • Alimony and Child Support
  • Retirement
  • Temporary employment service like Apple 1 or other Temp Agencies
  • Any income from verifiable sources.

Question? : I get paid cash under the table. Can I qualify?
Answer! : Yes, if you deposit it into the bank. If you can’t prove it, then no.

2. Proof of Residence. The bank wants to know where you live.

  • Phone Bill (cell phone is OK) with your name and address.
  • Utility Bill (gas / cable / or DSL) with your name and address.
  • Bank account with name and address.

Question? : All the utilities are in another person’s name, can I still qualify?
Answer! : YES. Just tell us upfront, as we have a solution for this as well.

3. Bank Account (not required but helpful)

  • If you have a regular Pay Stub, we only need the last monthly statement.
  • If you are using Bank Statements for income we will need the last 3 monthly statements.

Question? : I don’t have a bank account, can I still qualify?
Answer! : YES! Just tell us upfront so that we enter it correctly without a bank account.

4. References

  • 10 references with name address and phone number.
  • They must all be at different phone numbers and addresses.
  • Landlord or mortgage holder information, name address and phone.

Question? : I don’t know 10 people?
Answer! : Ask a few people at work, most are happy to help you. Don’t worry their information does not end up on a telemarketers lists.

5. Down Payment

Down payments are hard to give on this page. Each individual will have different down payment requirements. The amount down that is required is a function of your overall credit tier, and the car you want to buy. We will work hard to make sure that your down payment is as affordable as we can make it.

Be realistic, if you have a fresh repossession, or two, your down payment requirements will be higher than a person that has paid off a car loan recently. The down payment is also determined by the car you pick out. If you just had a repossession, and you only have $1000 down, please do not expect to buy a lifted F250 Diesel, or a BMW sports car. We can get you approved, but the vehicle will be dependent on your down payment. If all you have is $1000 and have had two repossessions it will be basic reliable transportation, not a luxury car.
Nationally the average down payment is about $2200.00 but don’t worry let us know what you have now and we will try our best.

Let us know what your situation is. Here at Premier Auto Sales our main goal is to make sure that you can afford to make the payments on your new car. That includes the down payment, and the monthly payment so that you can get reestablished. We do not want to let you get into a position where you cannot afford to make the payments, and let your chance at new credit get ruined.

Question? : I don’t have my down payment all today, but you have the car I really want now, what do I do?
Answer! : Call us, or submit an application. If you agree to the terms, we will make sure you don’t miss out on your car.

CLOSED By Appt Only
10:00 AM - 5:00 PM
9:00 AM - 5:00 PM

Contact Form

All fields marked with an asterisk (*) are required
Contact Information
Please enter your First Name
Please enter your Last Name
Please enter your Phone Number
Please enter your Email Address

Characters left: 1,024

Please enter your Message