DOCUMENTS NEEDED TO REFINANCE A CAR
Only 4 Documents are Needed to Refinance Your Car

What Documents are Needed to Refinance a Car?

Before you can refinance your car loan, lenders like Gravity Lending will require a few documents to get started. So, before you can get started saving, you’ll need to comb through your file cabinet for a few things. If you don’t keep these on hand, don’t worry. You can easily request the documents needed to refi a car from your employer, residence, or insurance company. We’ll cover the documents needed to ref your car loan and tell you exactly where you can find them.

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Proof of Employment and Income

A refinanced car loan will typically require some proof of income. Lenders will often request this in the form of tax forms or tax returns. Refinance car loan lenders need this information before you can be approved for a new loan. There are different requirements for salaried, freelance, and self-employed individuals, and each may require a different proof of income.

Hourly/Salaried Employees – Your lender will likely request pay stubs for the last two pay periods before allowing you to refinance your car loan. If you apply at the beginning of a year, they may also request a W-2 from the previous year.

Freelancers/Contract Employees – The documents needed to refinance a car will change if you are a freelancer or contractor. Because freelancers and contract workers receive multiple 1099s from several companies, auto refinance lenders will ask for your tax returns instead.

Self-Employed – For those who are self-employed and shopping for a refi car loan, lenders will instead ask to see tax returns from the last two years.

If you need a copy of your W-2, you can always request one from your employer. Additionally, tax returns can be requested online by visiting the IRS’s website. Lastly, as a final tip, we recommend notifying your lender of any additional jobs or sources of income you have. This knowledge can be beneficial for a lender to know and may make a difference in your application.

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Proof of Residence

Sometimes, your lender may request proof of residence when there is a discrepancy in your credit report or the address on your driver’s license doesn’t match. But don’t worry, you can still refi a car easily by digging through your filing cabinet. Below are some simple documents you can use to prove your address to a lender.

  • Utility Bills (Gas, Electric, Water, etc.)
  • Driver’s License
  • Bank Statement
  • Mortgage Statement or Lease Agreement
  • Property Tax Bill
  • Homeowners or Renters Insurance Policy

Proof of Insurance

To refinance your car loan, you’ll undoubtedly need to provide proof of your car insurance policy. You may provide proof of your policy with your insurance ID card. Alternatively, you may use a declarations page from your insurance company. Be sure that you have one of these documents before proceeding; they are usually tucked away in your car or files at home, but you can’t refi your car loan without them.

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Vehicle Information

To process your application and approve you for a refinanced car loan, a lender will require the following information about your vehicle:

  • Make
  • Model
  • Year
  • Vehicle Identification Number (VIN)
  • Payoff Amount for Your Current Loan

All this information is easily accessible from your vehicle’s registration card. The only thing that is not included on a registration card is the payoff amount for your current loan, which you can access from your current lender.

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Refinancing Your Car Now

If you have each of these documents, you can get started refinancing your car immediately. Work with a team of experts like the one at Gravity Lending to get started and save up to 25% monthly on average with a refinanced car loan. With hundreds, if not thousands, of dollars in savings how can you afford not to? Apply now for the best rates in the country.

Don’t Wait for Higher Rates to Keep You Down!!!

The Fed has been raising rates, but we are still saving thousands of dollars for customers.

Take advantage of our vast lender network for custom loan terms and the best available rates!

  • Fast and Secure
  • No Fees from Gravity Lending
  • Rates as Low as 3.24%
  • Up to 90 Days Until Next Payment

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Start Your Application Below

Why Would You Refinance?
Lower My Payment and Interest
Add or Remove Someone on My Loan
Just Curious How Much I'll Save
20%
40%
The minimum loan balance will need to be at least $10,000 to be pre-qualified for an auto refinance loan.
60%
Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
80%

You Are Almost There! Last Step!

99%

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  • You authorize an investigation of your credit history, employment history, and the release of information about your credit experiences.
  • You understand and agree that you are providing written consent to Gravity Lending and/or our trusted partners, under the Fair Credit Reporting Act (FCRA) to access information from your personal credit profile or other information from one or more consumer reporting agencies such as Equifax, Transunion and Experian. You authorize Gravity Lending to obtain such information solely to conduct a pre-qualification for credit.
  • You agree to receive notices, phone calls, and any other communications at the email or telephone number(s) you provided on your application with Gravity Lending (including mobile device, MMS, SMS, etc) from Gravity Lending and its affiliates or partners. You understand that you can withdraw your consent at any time by notifying Gravity Lending in an email, standard mail, or by talking to a customer service representative.
  • You grant permission to Gravity Lending to obtain your credit information and certify that the information you have provided is accurate.

Al hacer clic en el botón "Enviar", usted reconoce y acepta lo siguiente:

  • Política de privacidad y términos de uso de Gravity Lending.
  • Usted autoriza una investigación de su historial crediticio, historial laboral y la divulgación de información sobre sus experiencias crediticias.
  • Usted comprende y acepta que está dando su consentimiento por escrito a Gravity Lending y/o a nuestros socios de confianza, en virtud de la Ley de informes crediticios justos (FCRA, por sus siglas en inglés) para acceder a la información de su perfil crediticio personal u otra información de una o más agencias de informes crediticios, como Equifax. , Transunion y Experian. Usted autoriza a Gravity Lending a obtener dicha información únicamente para realizar una precalificación para el crédito.
  • Acepta recibir avisos, llamadas telefónicas y cualquier otra comunicación en el correo electrónico o número de teléfono que proporcionó en su solicitud con Gravity Lending (incluidos dispositivos móviles, MMS, SMS, etc.) de Gravity Lending y sus afiliados o socios. Usted comprende que puede retirar su consentimiento en cualquier momento notificando a Gravity Lending por correo electrónico, correo postal o hablando con un representante de servicio al cliente.
  • Usted otorga permiso a Gravity Lending para obtener su información crediticia y certificar que la información que ha proporcionado es precisa.

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