 TITLE: How Old Do You Have to Be to Buy a Car? CONTENT: Additional Auto Loan Requirements\n---------------------------------\nThose planning on financing a car for their teen driver will have to meet certain requirements to be approved. Every lender is different, but you can expect them to look into the following:\n*   **Credit**: Auto loan lenders will consider your creditworthiness when evaluating your loan application. Stronger scores, for instance, can suggest that you're a responsible borrower who's unlikely to miss a payment. This often translates to better rates and borrowing terms. The opposite is also true—poor credit could jeopardize your ability to qualify for an affordable auto loan.\n*   **Income and employment**: Even with perfect credit, lenders want reassurance that your budget has room for a car payment. A lender is likely to ask you about your income and may verify your employment situation to make sure you have a reliable and steady income. You'll likely need to provide recent pay stubs (or bank statements if you're self-employed) when applying.\n*   **Identity and residence**: Be ready to provide your government-issued ID and proof of residence when applying for an auto loan. This is to verify your location should the lender need to contact you regarding a future missed payment. END