When applying for an auto loan, lenders often request a whole lot of information such as residence history, income and work history. It’s obvious why they’d request some of these items, to make sure you are working and will be able to pay the loan. But why would they care about your residence history? It turns out that if you’ve been living in the same address for a while, especially if you are a homeowner, you are more likely to be approved for an auto loan.
The article below will help you understand why this happens: