Dealerships and lenders will need specific proof before approving a new loan while your old one is being settled.

Contact your previous dealer to cancel extended warranties or GAP insurance for a pro-rated refund. 💡 Smart Shopping Tips

Have recent pay stubs and a utility bill ready for the new lender.

Ensure the settlement includes your state’s sales tax and registration fees.

Get written confirmation that the insurer is covering the balance of your old loan.