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Established Member
tps7c
Posts: 22
Registered: ‎02-13-2012

BMW Financial: Do they require paystubs?

Hey guys, the dealer told me I was approved by BMW Financial for a 29k loan at 1.9% for 60 months!!  My question is, those of you who have financed through them or have knowledga about them:  do they ask for paystubs?  I can get them if I need to, but I would have to have my employer have them reprinted through their payroll service.

 

Thanks for all the advice here, you guys helped me improve my credit in less than a year!!!

Starting scores 2/13/12: TU - 575; EQ - 555; EX 590 (EX was BofA pull)
Current Scores 6/07/12 TU - 713, EQ - 628, EX 663 (All lender pulls)

EQ Fico jumped 48 points in one month by adding BofA secured card (Had no revolving accounts on CR at all at the time)
Frequent Contributor
BigDaddy18
Posts: 673
Registered: ‎04-23-2009

Re: BMW Financial: Do they require paystubs?

Not sure why they would ask yor for them after you were already approved?? 


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Member
KMichelle
Posts: 19
Registered: ‎04-21-2012

Re: BMW Financial: Do they require paystubs?

Hey! I was just approved through Mini and they did ask for proof of income. So I guess I can say the request is legit since BMW and Mini are under the same umbrella.
Member
KMichelle
Posts: 19
Registered: ‎04-21-2012

Re: BMW Financial: Do they require paystubs?

Quick question, how much did you put down? I hope you do not mind my asking.
Member
ColdWater3000
Posts: 7
Registered: ‎05-21-2011

Re: BMW Financial: Do they require paystubs?

No, you shouldn't have to provide a paystub to them.  My wife was approved through them and she didnt have to provide any paystub.  I don't know if it was because of her car history but we was in and out within a hour and a half. 

Regular Contributor
REgnlor
Posts: 162
Registered: ‎02-07-2008

Re: BMW Financial: Do they require paystubs?

No stubs for me.

 


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Valued Member
GuyInFlorida
Posts: 25
Registered: ‎06-01-2012

Re: BMW Financial: Do they require paystubs?

They have never asked me for paystubs. I'm on my 6th loan with BMWFS, and I can say-- they have excellent customer service.

If you never burn them, they will always approve you for another, even if your other credit is borderline.


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