With a 635 EX score (605 Auto FICO), I bought my car new, no money down ($500 rebate) at the start of 2015 (it's a 2015) with ZERO income verify.
Didn't have to provide check stubs or tax returns. Bank never asked either and they had two or three chances to do so. But they are a sub-prime lender and even have a 10 day grace period.
I re-fi'ed in August of last year.
I just Got a new Mercedes Benz this past week. They didn't verify my pay stubs but wanted my 3 month bank statements that reflected my direct deposit of my pay checks.
Gateway One Lending an Finance, however they don't make loans to individuals. You can call them and possibly get a dealer list.
I know two dealers that use them.
Ford/Hyundai of Kirkland, Washington where I bought my Hyundai and Antelope Valley Ford in Lancaster, CA
I just got a BMW M4 convertible loaded for 95000 full financing from BMW at 4.2 for 72 months. Took vehicle and next day went back in with patelco credit union at 2.49 for 72 months. When I decide to open a checking and do auto payment from checking interest will be 1.9 did not ask for POI
I've never been asked at a dealer for income verification.
So you are telling me that you have NEVER been asked for W2s or paystubs when purchasing a vehincle. Please tell me where you bought your car so I can make sure to never go there...
I've purchased 10+ cars over the years and I've never been asked to produce pay stubs or income verification of any kind. The first time I purchased a car, the lender called to verify my employment but never verified the salary.
I have never been asked to provide income verification. That being said, on Saturday I purchased another car, it is a year old. I received 3.90% and financed a total of $71,000, putting a few grand as a down payment. I believe that finance company is TD Auto.