Can I use PayPal as proof of income for an auto loan?

"I get paid through PayPal for Airbnb. However, I haven't yet taken taxes out.

Can I use this as proof of income for an auto loan?"

Answer provided by
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Eric Schad
Answered on May 26, 2021
“While getting paid through PayPal does show income, it’s not proof of income. Therefore, lenders won’t accept it.
Think about how COVID-19 affected Airbnb. Many people lost tons of money with a mortgage on a property and no income.
As a result, you won’t be able to get the car loan unless you can show income from a job or other working source.”
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