Can you finance a car without proof of income?
You might think that financing a car is not as easy as it sounds. However, at Broadway Auto Credit in Green Bay, WI, you can finance a vehicle without any hassle. No matter your credit situation, our team of experts will tailor the best financial package for you. When applying for finance, several customers at our dealership ask us if they can finance a car without proof of income. The answer is yes! Although you can finance a vehicle without proof of income, you might have to follow different protocols. Please continue reading to learn more about them from our team of experts.
How to get a car loan without proof of income?
Proof of income is one of the many documents the lender will always want to see before approving a candidate. However, some lenders may be willing to approve your loan if you have any other source of income or a good credit score. Some examples of different sources of income include:
- Social security
- Investment dividends
- Rental property
How does credit score affect the financing process?
If you don’t have proof of income, having a good credit score will help you get a car loan. However, at Broadway Credit, you can apply for financing even if you don’t have an excellent credit score. Our team will help you get the best financial package in all ways possible.
A lender might also increase the interest rate and down payment if you don’t have proof of income. One of the reasons for a large down payment is that if the payments for the loan are not received, the lender can repossess the vehicle and resell it without a considerable loss.
It doesn’t matter if you don’t have proof of income or a significant credit score; our team of skilled professionals will help you finance your favorite car. For further information, don’t hesitate to get in touch with us at Broadway Auto Credit in Green Bay, WI, by dialing 855-395-2129.