Frequently Asked Questions

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Dallas Cars Today  is used car dealership  that works with Banks and Auto financial institutions.  Start by filling out our convenient online application, and make sure you the following requirements:

You will need to provide various documents during the application process, including a valid driver’s license, State ID or Passport, proof of insurance, proof of income ,Work history over 1 year minimum, proof of residence (current lease, or home ownership). Past repossessions, short work history, un verifiable income or proof residence, and  not having the proper identification required by TXDMV will disqualify you from being approved. We accept all applications 

Proof of identity, driver license, passport or valid state identification, Proof of income, Credit and banking history, no past repossessions ,Proof of residence, Lease or property ownership, Proof of insurance, Method of down payment.

Auto finance refers to the process of obtaining funding to purchase a vehicle. It involves borrowing money from a lender, such as a bank, credit union, or financial institution, to buy a car and paying back the loan over a specific period of time, usually with interest.

When choosing an auto finance option, consider factors such as your budget, credit score, interest rates, loan terms, down payment requirements, and your personal financial goals. Assess your ability to make monthly payments, compare interest rates from different lenders, and understand the total cost of financing before making a decision.

A credit score is a numerical representation of your creditworthiness. Lenders use it to assess the risk of lending you money. A higher credit score indicates a lower risk, making it easier to secure favorable auto finance terms, such as lower interest rates and better loan offers. It’s essential to maintain a good credit score by making payments on time, managing debts responsibly, and avoiding excessive credit applications.

If you’re unable to make your auto loan payments, contact your lender immediately to discuss your situation. Depending on the circumstances, they may offer options such as deferment, loan modification, or refinancing. Defaulting on your loan can result in repossession of the vehicle and negatively impact your credit score.

Lenders often require proof of a stable income source to ensure you have the financial capacity to repay the loan. This may involve providing recent pay stubs, bank statements, or tax returns. Employment history and stability in your job may also be considered.

Lenders consider your existing debts, such as credit cards, student loans, and mortgages, when evaluating your application. They assess your debt-to-income ratio, which compares your monthly debt payments to your monthly income. A lower ratio indicates better financial stability and may increase your chances of approval.

At our dealership, we believe that buying a car should be an enjoyable and stress-free experience. That's why we work hard to ensure that our customers feel comfortable and confident throughout the entire process
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