Car dealers that accept ssi near me

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Can I get a car loan if I'm on disability?

I'm currently receiving Social Security disability income. My car just died, so now I need a new one. Can I get a loan for a new car if I'm on disability?

Yes, you can get a car loan if you’re on disability! Unlike regular Social Security retirement income, you have no stipulations or limits since you’re earning Social Security Disability Income (aka SSDI).

The loan process is exactly the same as it would be otherwise. The lender will look at your income, credit, and debt-to-income ratio. Generally speaking, you need to earn at least $1,500 a month, have a credit score above 660, and possess a debt-to-income ratio below 43% to qualify.

If you meet these qualifications, start shopping lenders! The more you shop around, the better the chance that you find a great rate for your car loan.

Make sure to do the same with your car insurance. You’ll be required to have full coverage while you owe on the loan, so comparing competitive rates can help you save thousands of dollars.

Check out the Jerry app to make car insurance shopping quick and easy. Jerry gathers quotes from up to 50 top insurers in minutes and delivers the best deals straight to you. The average Jerry user saves $879 a year on their policy.

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We here at C&P AUTO CENTER GUARANTEED CREDIT APPROVAL to everybody When we say everybody!!!! that means everybody, If we can't get you approved will pay you $500.00.

Bad Credit!! No Problem, Repossess!!!! No Problem, Bankrupt, Foreclosure, No License NO PROBLEM!!!!!, We take all. Dealers around us say we are crazy approving everybody No Problem, we are the bank,we approve everybody we want so come down and visit us or Call us at 323-778-7172 or 888-312-2754.

Things we need to get you approved

1. Proof of Income with a minimum of $850.00 per month

Paystubs.
We accept 3 Recent Bank Statements.
Social Secutity with Direct Deposit, or copies of checks with Award Letter.
Alimony and Child Support.
Copies of Cancelled Checks from your Employer. Have them print it Online from there Bank, Front & Back of checks for 2 month Pay.
Retirement
Temp Employment Service or Agencies.
Job Letter

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, dont worry will find a solution.

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

Light, Water or Gas. Any Utility Bill.
Phone or Cell Bill.
Bank Statement

Any of these Bills need to have your Name and Address where you Live.

Question: I don’t have Any Utilitys Bills under my name Would that be a problem?

Answer: NO!! Just Inform us upfront and will resolve it for you.

3. References Needed

8 References with Name Address and Phone Number.
They must all Live in different Addresses and have different Phone Numbers.
We also need Landlord or Mortgage Name, Address and Phone number and it can’t be used as a reference.

Question: Do I need all 8 references?

Answer: Yes we do need it. Ask Co-Workers, Friends and Family.

4. Bank Account

Not Needed but will give a better deal if you have it
Need 3 Recent month if using as a Income for Self Employed.

Questions: I don’t have any Bank Account, Do I need it to get Approved?

Answer: No, Will get you Approve without the account or Bank Statements.

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 dependant on your down payment

If all you have is $1500 and have had 2 Repossessions it will be basic reliable transportation, not a luxury car. Nationaly the average down payment is about $2500.00 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 C & P Auto Center 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 re established

We do not want to let you get into a position where you can not 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.

6. Driver License or Social Security

No Matter where your driving License from.
No Social Security Just bring your ITIN Card or Letter from the IRS

Question: Can I still get Approved without a Driver License or Social Security?

Answer: Yes!! Just Bring your ID and Just Bring your ITIN Card or Letter.

Can I use my SSI for car payment?

You can, but there are some points to be aware of. If you enter into a loan agreement, the cash value of the loan or the item received isn't considered income; it won't reduce your SSI benefit on its own.

It can be difficult to get approved for an auto loan if your income is Social Security because subprime lenders require your income to be taxable, which SSI isn't. In order to get approved, you either have to have an additional source of income that can be taxed, or a cosigner or co-borrower that earns taxable income.

How can a disabled person buy a car?

Required Documents The physically disabled persons should submit the following documents: An Application Form in the format as prescribed. A medical certificate provided by the medical officer of the Government hospital asserting that the disabled person is fit to drive the car.