Can You Get A Car Loan Without A SSN?

There's no hard-line answer for this since lending requirements vary by lender, but most traditional auto loans require a social security number (SSN). In some cases, you may be able to get a vehicle with an Individual Tax Identification Number (ITIN), but this is rare.

SSN vs. ITIN

get loan no ssnGetting a traditional auto loan means having a lender look at your credit reports and scores. To do this, they pull your file from one of the three national credit bureaus – TransUnion, Experian, or Equifax. This typically requires an SSN, since this is your identifier in the U.S. Originally set up in 1935 as a way to track individual citizens, social security numbers have become the de facto national id number in the U.S., and is used for taxation and other reasons.

However, if you're able to establish a record of credit using an ITIN, a lender may be able to gather enough information to judge your creditworthiness. ITIN numbers are issued to individuals who are required to have taxpayer identification, but aren't eligible for or do not yet have an SSN, such as resident and nonresident aliens, their spouses, and their dependents.

Proving You Can Handle a Loan

Creditworthiness is the name of the game when it comes to getting a car loan. This means a lender can see how you've handled loans and other lines of credit in the past and can determine if they want to risk extending you a loan.

If you have an established history of good credit, and a credit score around 670 or higher, you're typically considered a good credit borrower, and can usually get financing through any number of traditional avenues, such as captive lenders or a direct loan from a bank. Without this good credit history though, it's about proving to a lender that you have the stability, ability, and willingness to take on a car loan.

Proving Your Creditworthiness With Bad Credit

Just because your credit history isn't stellar, or you have a low credit score, it isn't enough to knock you out of the running for an auto loan if you work with the right lender.

Subprime lenders that work with bad credit borrowers look beyond your credit score to other factors that prove you can handle an auto loan.

This means proving your:

  • Ability to handle a loan. Lenders look at your income and employment status to ensure you can repay the amount loaned. Usually, the minimum income required is between $1,500 and $2,500 a month before taxes.
  • Stability. Lenders like to know that the car will be in one place and that they can contact you at said address. Prove this with a recent utility bill in your name, or a bank statement with the same address that's on your application for financing.
  • Willingness to take on credit. This is typically shown by providing a lender with a down payment. If you're a bad credit borrower you're generally required to provide a down payment of at least $1,000 or 10% of the vehicle's selling price.

Ready to Find a Car Loan?

If you're ready to find your next car loan, we want to help. Here at The Car Connection, we work with a coast-to-coast network of special finance dealerships that are signed up with subprime lenders. These lenders can help a wide variety of borrowers to get the auto loans they need. To take the stress out of your search, let us connect you with a dealer – simply fill out our fast, free, car loan request form to get started.


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