What an ITIN is
An ITIN (Individual Taxpayer Identification Number) is a tax-processing number the IRS issues to people who need to file taxes but are not eligible for a Social Security number. Many of our buyers use an ITIN, and lenders we work with accept it.
Yes, you can finance with an ITIN
- We send your application to real banks and credit unions. This is not buy-here-pay-here, and there is no requirement to be a citizen.
- You can apply with an ITIN or a Social Security number. Either works.
- All credit situations are welcome, including first-time buyers and buyers with limited or no U.S. credit history.
What lenders look at
When you do not have a long U.S. credit history, lenders lean more on the things that show you can pay:
- Steady, provable income. Recent pay stubs and bank statements matter most.
- Down payment. More money down lowers the lender's risk and usually improves your terms.
- Time at your job and address. Stability helps.
- References. Some lenders ask for a few personal references with name, address, and phone.
What to bring
- Your ITIN (or SSN), such as your IRS ITIN assignment letter.
- Photo ID. A driver's license, state ID, passport, or consular ID (matrícula).
- Proof of income. Your most recent pay stubs and last few bank statements. If you are self-employed, bring bank statements and any tax records you file with your ITIN.
- Proof of residence. Any recent bill with your name and current address.
- References. Up to six, with name, address, and phone, depending on the lender.
- Insurance. Proof of coverage before you drive off (required if you finance).
- Down payment in cash, cashier's check, or a card you arrange with us ahead of time.
See the full what to bring checklist for details.
A note on down payment
There is no single number. How much you put down depends on the vehicle, your income, and the lender. A larger down payment gives you more options and a lower monthly payment. Tim will tell you straight where you stand before you commit to anything.
How to start
You can apply for financing online, or message Tim first to talk it through with no pressure. We serve buyers across Ventura and Los Angeles counties from our Simi Valley and El Monte lots.
See also: credit scores explained and buying a used car with bad credit.