Car loan without payroll
Getting a car loan without payroll is not easy, but alternative guarantees exist that could help you access credit, despite the absence of a certified stable income. In fact, usually in order to request a loan, in this case aimed at the purchase of a vehicle, the institution that provides the loan requires as a first guarantee the presentation of the pay slip, which certifies the certain monthly income of an employee, preferably if indefinitely. For other people, as self-employed or temporary workers, in the absence of this guarantee it is more complex to get the resources on loan to buy the car.
First of all, remember that financing to buy a car is often linked to forms of consumer credit: you do not go directly to a bank, but you often use the brokerage of the concessionaire, which will direct the customer to a partner finance company, proposing the own promotions.
That being said, without these pay slips it is difficult to access these forms of credit as well. For this reason, banks and financial companies have begun to think of more flexible forms of financing, which require different guarantees. For self-employed workers, the solution lies in the presentation of the annual tax return : if the salary is usually sufficient for the last paycheck, at least the last two annual declarations are required for the self-employed.
The precarious workers, who receive a salary that is not certified by a pay slip, can expose the regular payments to their bank account : these show a fairly stable income, which guarantees the bank the ability to repay after the purchase of ‘car. Another solution is to have a monthly income form, such as a rent, which again describes a fairly regular income. Finally, it is possible to joint the funding, so that two people are responsible for the reimbursement.
To obtain loans without a pay slip, other methods are always available for loans with an even higher amount: an example is the mortgage of a property owned (on which, however, the mortgage of a mortgage must not already be borne) or the signature of a third party guarantor, who reassures the credit institution with its own income, preferably deriving from a permanent contract.