im afraid... please feedback

[Anonymous]

so i financed a car yesterday sign paperwork got isurance and registration...... i MAY have exagerated on my income a little😞 im afraid the bank will ask for paystubs and i dont have that to show and i will have to return the car.... what should i do?? should i take it back and tell the dealer now...? anything at all on this topic would help..

[dobirdsmommy]

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@Anonymous wrote:
so i financed a car yesterday sign paperwork got isurance and registration...... i MAY have exagerated on my income a little😞 im afraid the bank will ask for paystubs and i dont have that to show and i will have to return the car.... what should i do?? should i take it back and tell the dealer now...? anything at all on this topic would help..

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You signed the contact and have the car already, I would hopefully assume you are past the point of verification

Did you lie to qualify for the amount to finance? Can you afford the amount without your exaggerated income?

[Anonymous]

yes i can afford it and im assuming i qualify since they let me leave with the car.... but i heard all these yoyo stories and makes me panic being this is my first car

[Anonymous]

In the future don't stretch the truth about your income, it is not worth the stress of potentially gettng the deal messed up.  You will probably be ok.  Normally if there are stipulations like proof of income, proof of address etc those stipulations will be listed as a condition of approval, if they did not list them before you signed in all liklihood you are fine.

[guydiver]

In most circumstances, when POI is required, it is done upfront, and you know about that when you drive off in the car.  My credit union has me bring in my last three paystubs, and i've been with them for 20 years.  It's their policy.  But, Ford Credit gave me a car, and I never even saw anything about my income.  So, you can probably rest easy.  But, as already posted, be very careful in the future.  If they qualified you based on DTI, base upon your stated income, then you potentially could get into a bind.  If it was an issue, you should already be aware of it.  People make mistakes. 

'diver

[Anonymous]

any clue where i would see them listed?

[Anonymous]

thats what i figured because my nephew jus bought a car and the DEALER wanted to see hi paystub... but you think the lender will ask?

[guydiver]

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@Anonymous wrote:
thats what i figured because my nephew jus bought a car and the DEALER wanted to see hi paystub... but you think the lender will ask?

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Would you mind if I asked who is the lender?  Some require proof, as others will chime in. 

'diver

[Anonymous]

fnb first national bank of pennslyvania

[guydiver]

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@Anonymous wrote:
fnb first national bank ofpennslyvania

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Are they your local bank, or dealer referred?