An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS) to individuals who do not qualify for a Social Security Number (SSN) but are required to file U.S. taxes. Some automotive retailers may accept an ITIN as a form of identification or verification for financing purposes, particularly for individuals who are not U.S. citizens or permanent residents. Locating such retailers often involves focused research.
The availability of financing options utilizing an ITIN can be critically important for individuals building credit or needing transportation for employment and daily life. Historically, securing loans and financial services without an SSN has presented challenges. Retailers offering ITIN-based financing are providing a crucial service to a segment of the population that contributes to the economy but may face limited access to traditional financial products.
