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Can you use a bank statement as proof of income for an auto loan?
Can I use a bank statement as proof of income? I run a business where most of my income is under the table. As a result, I don't really get pay stubs that I can use for car financing.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If they won’t accept a bank statement only, put together a profit-and-loss sheet to show the gross and net income of your business.
This should help them decide whether to extend financing to you, especially if you’re self-employed.
Keep in mind the lender may ask for additional documents, so be sure to
come prepared
when applying for a loan.”View full answer
- Gregory R.
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