Services

PriceProtect™

Compare Car Insurance

Refinance Car Loan

DriveShield™

Drive Well, Earn Perks

GarageGuard™

Get Service Reminders

Insurance

Car Insurance

Compare Car Insurance with Jerry

2024 Car insurance quotes

Cheap car insurance

Best car insurance companies

Shopping for car insurance

Is Jerry a legitimate insurance broker?

Jerry’s Expert Advice

What factors affect car insurance rates?

How does car insurance work?

Types of car insurance

Full coverage car insurance

Car Insurance Estimates

Car insurance by car

Car insurance by location

Home & Renters Insurance

Home Insurance

Compare home insurance quotes

Home & auto insurance quotes

Renters Insurance

Compare renters insurance quotes

Repairs

Car Repair Estimates

Repair Estimates for Popular Services

Oil change cost estimate

Brake pad replacement cost estimate

Battery replacement cost estimate

Timing belt replacement cost estimate

Wheel bearing replacement cost estimate

Spark plugs replacement cost estimate

Rotate tires cost estimate

Transmission fluid service cost estimate

See all 300+ service estimates

Advice

Read Car Content

Browse Jerry Car Advice

How do I know if a mechanic is taking too long?

How to put antifreeze in your car?

What do you do if your car makes a noise?

Read 5,000+ more car advice articles

Check Out Expert Car QnA

Why does my car squeal when I drive?

Do driving warnings go on your record?

How long can you go past your oil change?

How much below MSRP is a good deal?

Learn from 30,000+ more questions

Learn About How We Create Content

Our Editorial Standards

Our Editorial Review Board

Jerry Data & Research

Recent Studies

State of the American Driver (2023)

Memorial Day (2023)

Android vs Iphone (2023)

Auto repairs (2023)

Auto loans study (2023)

Read all recent studies

Comprehensive Data Reports

Jerry Annual Data Report (2023)

Read all data reports

About

MenuIcon

Why do I need pay stubs for a car loan?

I went to get approved for a car loan, and the loan officer told me I need to show pay stubs as part of the application process. Why?

Eric Schad · Updated on Nov 15, 2021

Reviewed by Shannon Martin, Licensed Insurance Agent.

Pay stubs are a normal part of getting a

because they fulfill the lender’s requirement that you show proof of income. W-2s, 1099s, tax returns, and sometimes bank statements can count as proof of income. (Just ask your lender what they accept.)

In addition to proof of income, you will need to present:

Proof of insurance

Proof of residency

Proof of identity

Information for the vehicle, most likely the VIN (vehicle identification number)

Coupled with your credit score, income is probably the largest determinant of whether you’ll get approved for a car loan. If you can gather pay stubs, it’s much to your advantage.

Once you get approved for a car loan, you will also need to provide proof of

full coverage

car insurance.

can help! Sign-up only takes 45 seconds, and you’ll be able to compare competitive quotes from over 50 top insurers.

MORE:

New car insurance: What coverage do you need when buying a new car?

View full answer

WHY YOU CAN TRUST JERRY

Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

How to Get Preapproved for a Car Loan

If you’re hoping to get preapproved for a car loan, try setting a budget, gathering appropriate documents, and shopping around to help a great loan.

What Information Do We Require To Refinance Your Car Loan?

When you apply, we will need you to prove your identity, confirm your employment, verify your income, and show that your vehicle registration and insurance are current before you can refinance your car loan.

The Pros and Cons of Financing a Car

Getting a car loan can help you manage the expense and build your credit, but it also means you’ll pay more in the long run.

Mary Alice Morris

Read Advice From Car Experts At Jerry

How Long is the 2022 Nissan Altima?

A midsize sedan, the 2022 Nissan Altima measures a modest 16.1 feet long and six feet wide.

Should You Get a Lincoln Extended Warranty?

Considering a Lincoln extended warranty? Check pricing and specs here.

Cassandra Hamilton

Seat-Belt Laws in Pennsylvania

Pennsylvania seat-belt laws require that all passengers under 18 must wear a seat-belt. Adults are only required to wear a seat-belt in the front seat.

What Others Are Asking

How much does a 2014 F-150 5.0 turbo kit cost?

I want to give my Ford some stronger performance power. How much does a 2014 F-150 5.0 turbo kit cost?

How much does a Nissan Xterra transmission replacement cost?

My sister is away at college, so I’m driving her old Nissan to school and back. But, I noticed that the gears keep slipping each time I change them, so I think the problem is with the transmission. What does a Nissan Xterra transmission replacement cost?

Natalie Todoroff

What is a Honda HRV Magic Seat?

I love Honda cars and have bought them my entire life, but there’s something new in the Honda HR-V that I’ve never heard of before called the Magic Seat. What is it, and is the Magic Seat something I should consider when I need to buy my next car?

Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

Insurance In Your City

Easiest way to compare and buy car insurance

No long forms

No spam or unwanted phone calls

Quotes from top insurance companies

Find insurance savings

Car Insurance by Make

Car Insurance by State

Car Repair by Service

AC Compressor Replacement Cost

Battery Replacement Cost

Fuel Injector Replacement Cost

Fuel Pump Replacement Cost

Ignition Coil Replacement Cost

Oil Change Cost

Oil Pan Replacement Cost

Car Insurance by Company

Aspire Advantage

Assurance America

National General