[mccannable]

I just bought another car and was wondering what point do they say no to lending. I have good credit and a decent job but they have never verifed my income. So if I want to by a 100k car do they verify? I am not buying one I was just wondering.

[MrPrena]

They will look att debt/income ratio, payment history, time, etc.
When someone has a good credit, and have a good history of payment with certain banks, they usually will approve it within certain amount.

[markus037]

its all up to the bank. if you make $50k a year then chances are you are going to have a hard time getting a loan for a $100k car. also depends on if you are financing how much the car is actually worth.

[E39lolz]

Was this at a BMW dealership? BMWFS did not verify my income when I was approved. Basically I could have had any car on the lot up to maybe $70-80k but my wife and I were already settled on the e84. Credit is key and having a consigner can usually get you over the hump.

[mccannable]

It was bmwfs. We have a mini loan through them too. I could have said I made 200k a year they never Verified, but no one ever has including Penfed. I bought an e84 so it was cheap. Just wondering if I wanted an m3 if they would have checked.

[BMW F22]

They usually don't check. Normally they just go off of your credit, the company you work for and your position. If you were to put $200k as a customer service rep at McDonald's no one is going to believe you. There could be a database where they could do a quick check as well, who knows.

[mccannable]

How did you know I worked at McDonald's?

[BMW F22]

Originally Posted by mccannable

How did you know I worked at McDonald's?

You have Big Mac written all over you.