Do car dealerships always verify your income?

Do car dealers always verify your income when you apply for a car loan? I'm in the market for a car, but I'm also in between jobs. I should have a new job lined up soon, but I haven't had any income other than unemployment for three months.

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.
“Yes, the dealership will certainly verify your income to see if you qualify for a car loan.
If you’ve been laid off but have a job on the horizon, just be straightforward. In some cases, they’ll still be willing to work with you if you pay a larger down payment or go through their financing department.
When you budget for a car, also keep in mind that dealers will require car insurance. To find the best deals on insurance, use the free car insurance comparison app, Jerry.”

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