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.

Answer provided by
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.”

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies