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?"

“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.”
Eric Schad
Answered on May 26, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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