How can I get an auto loan if I get paid in cash?

If you have an excellent credit history they may just go on %26quot;Stated%26quot; income. However, in most cases you can expect them to request pay stubs. If you don't have Pay Stubs, such as if you are an Independent Contractor and get a 1099 instead, they will probably ask for previous years tax returns and/or bank statements. You are declaring all of your income, right?

How can I get an auto loan if I get paid in cash?

IN UK doesn't matter if you get paid in cash, cheque or BACS system direct into your bank account. The fact that you're in receipt of regular income is what matters. Submit payslips as evidence. If you don't get payslips but are paid cash because employer doesn't want to pay tax and you don't want to pay tax, then you should be able to save what you should be giving up in tax and get the car without a loan.

How can I get an auto loan if I get paid in cash?

It's going to be tough. If your employer confirms your income by letter, then that's a great stepping off point for the IRS to start an investigation.

Without the letter, you are for all intents and purposes unemployed.

Usually people involved in the underground economy, stay underground whether buying or selling.

How can I get an auto loan if I get paid in cash?

Find a local credit union or bank, and ask them that exact question.

Any specific answer you get from anyone else may not work where you are at. Organizations that loan money for things like car loans will have a whole bunch of reasons why they do (or do not) loan you the money.

Go out tomorrow, go to a couple of loan places (again, like a bank, credit union), and just ask them.

Also, if you get paid in cash because you don't pay taxes or report income (and you are required to by law), then you should go talk to a lawyer about your situation first.

Good luck.

How can I get an auto loan if I get paid in cash?

If you've got a stable job with a good source of income, you might be able to apply for a loan through a website called Prosper. This site is a People-to-People (P2P) lending site where individual borrowers join in on the loans to help fund yours. The following is a link of a group that can help to walk you through the whole process:

http://www.prosper.com/groups/group_home...

Best of luck