What about the demands from the low doc car loan companies?
The great thing about getting a low doc car loan is that there really aren’t many demands at all. This means that you don’t have to turn in documentation after documentation. This also means that you won’t be asked a bunch of intrusive questions either. You will probably only have to fill out a form saying what you income is which replaces what many other institutions would want you to have.
What are some of the other benefits of getting a low doc car loan?
In addition to not having to turn in a whole lot of documentation, there are other benefits of getting a low doc car loan. You will find that there are variable and fixed interest rates available, easy structures for repayment, flexible term agreements and more. You may even be able to choose from balloon payments and residual payments too.
Now that you are aware of the benefits of a low doc car loan this may very well be the option that you want to check into for your car loan.