How can I prove my income for a car loan if most of my income is cash tips?

"I want to get a car loan, but the only income I report is the $3.15 wage I get as a server.

Can I prove my income in another way if I want to get a car loan?"

Answer
“You should be reporting all of your tips to the government for tax purposes. But, in reality, most servers only claim a small portion of them.
If this describes you, then you’re going to have a tough time providing adequate proof of income, as you can’t prove you made tips you haven’t claimed.
If you want to get a car, you might want to consider declaring your tips as taxable income. Or, you can save up and pay cash for a vehicle.”
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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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