Jorge Valdivia · Open Road Chevrolet · Union, NJ
ITIN car loan in New Jersey: buying a Chevrolet with an ITIN
If you file your taxes with an ITIN instead of a Social Security number, you can still ask about buying a car. I am Jorge Valdivia, a Chevrolet sales consultant at Open Road Chevrolet on Route 22 in Union. I will tell you what the bank is likely to want, what it will cost, and whether it makes sense, before you come in.
Approval is never guaranteed. The lender makes the decision.
What an ITIN is
An ITIN is an Individual Taxpayer Identification Number. The IRS issues it to people who need to file taxes but cannot get a Social Security number. It is a nine-digit number, and the IRS sends you a letter when it is assigned. Lenders look at it differently from a Social Security number, which is why not every bank will look at an ITIN application.
Can you finance a car with an ITIN?
Sometimes, yes. ITIN-friendly options may be available depending on the full application and the lender’s requirements. Lenders look at your income, how long you have worked, what you can put down, the vehicle you pick and your credit history. Some ITIN buyers have a short or empty U.S. credit file. That does not end the conversation, but it can change which lender looks at you and what terms they offer.
I work with several banks. I cannot promise an approval and I will not tell you a monthly payment I do not have in hand. If the answer is no, I would rather tell you before you drive across town than after.
What to have ready
This is the usual list. Lenders differ, so I confirm what your situation needs before you come in.
- A valid photo ID
- Your ITIN letter from the IRS, or the number
- Proof of income: recent pay stubs or tax returns (bank statements can help if you work for yourself)
- Proof of address, such as a utility bill or a lease
- Proof of car insurance (you need it to drive the car home)
- Your down payment, or the car you want to trade
How it works with me
- Text me. Tell me the car you like or your monthly budget, and that you have an ITIN. I answer myself.
- I confirm the car is on the lot. I check the live inventory and give you the stock number, so you do not come for a car that is already sold.
- I tell you the likely route. Down payment, trade, the lender I would start with. The bank gives the real answer.
- We set a time. The car is ready and the numbers are written out when you arrive.
- Ask for Jorge when you come in.
What it costs besides the car
On top of the vehicle price there is the dealership doc fee ($999) and e-file fee ($399), New Jersey sales tax and a DMV registration estimate of about $400. You can see the full picture on any vehicle page or in the payment calculator. I explain every line before you sign.
Common questions
Can I get a car loan with an ITIN?
Some lenders work with ITIN buyers and some do not. Whether you are approved depends on the whole application: your income, your down payment, the vehicle and your credit history. I cannot promise an approval. The bank decides, and I will tell you honestly what I see before you spend a day at the dealership.
Do I need a down payment?
A down payment usually helps, and a trade with equity can work like one. How much depends on the lender and the vehicle. Tell me what you can put down and I will tell you what is realistic.
Can I buy a used car with an ITIN?
You can ask about both new and used. Right now there are 63 used and 112 new Chevrolets on the lot. Which one works depends on the lender and your budget.
What if I have no U.S. credit history?
Many ITIN buyers have little or no U.S. credit history. That does not end the conversation, but it can change which lender looks at your application and the terms they offer. Be straight with me about your situation.
Do you speak Spanish?
Sí. I work in English and in Spanish, from the first text to the delivery.
What does it cost besides the car?
On top of the vehicle price there is the dealership doc fee ($999) and e-file fee ($399), New Jersey sales tax and a DMV registration estimate (about $400). I write the numbers out for you before you sign anything.
Ask Jorge
Tell me what you are looking for
Leave your name and a phone or email. I get back to you personally. Nothing here is an application, and it does not affect your credit.
Prefer to talk in Spanish? Lee esta página en español.
Look at what is on the lot now: 63 used and 112 new Chevrolets.