Do car dealerships confirm your income with the IRS when you apply for a loan?

I applied for a loan at a car dealership. Now they want me to bring in pay stubs or 1099s. I don't know if this is normal. Will they verify this information with the IRS?

“No, the dealership won’t call the IRS to confirm your income. They base their decision entirely off your pay stubs, 1099s, or other income-based documents.
This is typical of all auto loans, regardless of where you apply for financing. Don’t worry about it too much.”
Eric Schad
Answered on May 05, 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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