How to buy a 1st hand car w/o income proof?

Question

good day. i just got my licence a month ago. i plan to get myself a car. But the problem is i don't have income proof, but i earn at least 3k sgd a month.and my payslip only reflect 500 sgd.is there anyway that i can get myself a car? i have been paying a car rental for 1500sgd a month for usage of their car. i think this amount is more then enough to own a luxery car.can anybody suggest a way to buy my dream car? PLEASE....

Answer 1

You'll need to find a lender that will take the risk for someone self employed where income verification is difficult.

Answer 2

Banks have tighten their standards so you may need to come to the table with some money.  Also you may have to settle for a cheaper car or higher interest rate.  Start with your own bank for financing as they can see the pattern of your deposits.  And they can also take the money out electronically.