How to apply for a loan?
There are two main ways of applying for a loan on the website. You can click on "Pre-qualify". You will be transferred to a separate page that requires you to provide detailed information, including the down payment amount, application type, SSN, monthly residence payments, employment information, and additional sources of income. By submitting this form, you consent to a credit assessment. In other words, Zeigler Chevrolet will forward your application to its rendering partners to see who can come up with the best terms.
The "Quick quote" option only requires you to select a vehicle and provide contact information. You'll be asked to provide more information later on.
Requirements
The company does not provide a clear-cut set of requirements for its applicants. However, according to the reviews, the requirements for financing are fairly basic and don't differ much from the norm. Therefore, to qualify for a car loan with this company, you are required to:
Be a US resident over the age of 18
Have a sufficient credit score
Have a stable source of income
Have proof of residency
Have a valid driver's license
Have a down payment or trade-in (if needed).
Since this lender offers flexible terms, it's possible to qualify even with bad credit or with no down payment, but you'll be asked to supply additional documents, and there will be additional requirements to take into consideration as well.
Application details
The documents you must submit to apply for a car loan include a copy of your state-issued ID, proof of residence, proof of income, a copy of your driver's license, and more. The paperwork you need depends on the type of loan you're looking for. If you want to trade in, you'll be asked to provide all the documents related to your vehicle.
The process of reviewing applications doesn't take long. Zeigler Chevrolet is a small dealership that processes applications almost instantly. All the delays are usually caused by third parties.
The main reasons for rejection include the following: missing information, incorrect information, and failure to meet the requirements. It must be noted that this lender rarely turns down applications, but the terms offered to those with bad credit might not suit their circumstances.
