Can you lie about your income on a car loan?

Can you fib about your income to get a car loan? I want to buy a new car, but I'm worried that I won't have enough income on paper to do it.

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Eric Schad
Answered on Jul 14, 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.
“You probably won’t get away with lying about your income.
Dealerships and other lenders require proof of income through your pay stubs.
If you can’t procure these pay stubs, they likely won’t work with you.
Plus, lying about your income is immoral and you don’t want to start a relationship with a lender off on the wrong foot.
Many factors go into loan consideration and your lower income may not prevent you from buying a car. Come prepared to the dealership so they can figure out how much lending you qualify for.”
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