i am a first time carbuyer, i am self employed, i have a 700+ credit score with very clean credit. although, i dont have any W2's, paystub or anything like that. i am a real estate flipper so i dont have an employer except for my LLC, but on paper i loose money every year. i have over 200k in cash in the bank, and i would be more than willing to put down 20k on a 60k car i want, but can i get financing on the remaining balance? i can verify the assets, but i havent received any type of paycheck in years. does anyone know who i could call or where i could go to get this done? is there a website i could go to or a particular bank? thanks a lot, i really appreciate it your help with this.
2007-08-08 16:42:29 · 2 answers · asked by curious girl19 1 in Cars & Transportation ➔ Buying & Selling
As long as you have been paying off some kinda credit card for a few years, then yes... you can finance with very low interest. However, if thats not the case 700 is great, but doesnt mean anything b/c its not establish. You don't have to prove that you're getting paid, you just have to prove that you are reliable to pay back people.
2007-08-08 16:49:41 · answer #1 · answered by Gio 4 · 0⤊ 0⤋
You may be able to subistute your 1040 form to show income. With the one third down payment, you shouldn't have too much trouble. good luck.
2007-08-08 16:50:15 · answer #2 · answered by Fordman 7 · 0⤊ 0⤋