A bank usually does not grant a car loan without proof of income. Small exceptions can possibly be made for long-term customers. As a rule, these have been checked several times, and may have already received one or two loans and then paid for them.
Otherwise, banks always check their income because they would like to get their money back. Above all, one thing always applies that no Social Welfare recipient will receive a loan anywhere, because this income is not attachable, even if the car is used as security.
Car loan without proof of income from third parties
Another option is to get a third party loan. But here it applies that this person takes out the loan and then makes the money available. However, everyone should think twice, because the beneficiary does not appear as a borrower at the bank. Depending on your income, it can also take some time before repayments can be made.
Worse, if there is no money at all and the car runs in the other person’s name. Therefore, security should be created here so that the money does not simply drive away. For example, this could also be the case that the borrower also buys the car and then passes it on with a contract. It is important that a written contract is always concluded, then the person who acts as a borrower is also secured.
New cars with down payment
To get a car loan without proof of income from a car dealer quickly, a higher down payment can help. They then submit an application to the bank. This is always done electronically and with a high down payment this system assumes that the dealer has checked it sufficiently. A car loan without proof of income is then granted quickly and easily.
Of course, car dealers are happy to grant a loan for a new car, but everyone should be careful here. Because it quickly happened that the rates go beyond the financial framework, and then the car can not be paid. Therefore, the financial means should be checked carefully beforehand so that there is no overindebtedness afterwards.
Small Credit Bureau entries are often ignored
But even with smaller entries in the Credit Bureau, even if they should be negative, do not have to be an obstacle to get a loan from a bank. However, the explanations should then also be conclusive, because whoever convinces the bank here will get a loan. As a rule, private intermediaries should only be used if all possibilities have been examined.
Also, money should never be paid in advance as this is not serious. Of course, a comparison should also be made here beforehand, because not only banks offer credit on different terms, but also the various car dealerships.