What documentation is required?

To process an application for a Best Egg Vehicle Equity Loan, we require the following documentation:

• A valid driver’s license & vehicle registration that will not expire within 90 days of your application
• Proof of current auto insurance that will not expire within the next 30 days. Comprehensive collision coverage will also be required to fund the loan.
• Proof of income (for example: recent paystubs and/or tax returns)
• Proof of residence (for example: utility bills, a lease agreement, etc.)
• Payoff quote or payoff letter from your current lender if you are refinancing an existing auto loan. This can commonly be found within your current lender’s website and/or by calling them. Please request a 10-day payoff quote.

What information do you need about my vehicle?

To complete your application, we’ll ask that you provide your vehicle’s license plate number, vehicle identification number (VIN), or the year, make, model, and trim of your vehicle.

Where can I find my VIN number?

You can find your VIN where the dashboard and windshield meet on the driver’s side of your vehicle or on the end of the driver’s side door. You can also find your VIN on your vehicle’s registration and insurance card.

Can I get a loan with a co-borrower?

At this time, you can’t add a co-borrower to your loan.

Do you need my Social Security Number (SSN)?

You can view your loan offers without submitting your Social Security Number (SSN). However, there are instances where we may need your SSN if we’re unable to identify you based off information like your date of birth. Your privacy is important to us, and we use the latest security methods to ensure that your personal information stays safe.

Will I need to confirm my income?

To provide you with competitive offers, we may require that we confirm your income via the documents you submit (for example: a recent pay stub or W-2). To be approved, the income stated on your loan application must match what is reported in your submitted documents.

Are there any fees involved with a Best Egg Vehicle Equity Loan?

If you accept a Best Egg Vehicle Equity Loan, you’ll be charged an origination fee which covers the costs of facilitating the loan. It pays for things like underwriting the loan, verifying documents, and pulling a credit report. In addition, titling fees will be charged which is associated with filing a lien at your state or county titling agency.

What is a lien and why do I need one?

In order to get a loan against your car, lenders will often place a lien to your vehicle’s title. This is done to ensure the lender has a legal right to your car in the event you default on your loan payment and/or don’t follow the terms of your loan agreement.

Will I need to go to the titling agency?

While we’ll handle all of the titling agency paperwork required for a Best Egg Vehicle Equity Loan, there are unique circumstances in which you may need to visit your titling agency.

For example: In certain states, it’s required that the name on the ownership title and driver’s license read exactly the same. In this case, if one document read “John Doe Jr.” and the other read “John Doe Junior,” an applicant would need to visit their titling agency to change the spelling.