Being Self Employed and Car Loans

Self employed car loans are available for entrepreneurs with Car Corner. We offer used car loans at reasonable rates for people with good or bad credit. If you are a business located in Edmonton or anywhere else in western Canada, Car Corner should be your first choice for guaranteed credit approval on self employed car loans.

Self employed car loans differ from loans to people who are paid on a salary, because income can be harder to prove. Someone on a salary only has to show a copy of their T4, or a few pay cheque stubs to verify their income and employment. A business on the other hand has multiple sources of income and expenses related to being self employed.

Unless the applicant can provide an audited financial statement, the income issue is why the banks are hesitant to fund self employed car loans. However, even subprime lenders require proof of income on self employed car loans.

Be prepared when applying for Self Employed Car Loans

Like running a business, it is best to be prepared when applying for car loans. Try to anticipate what information you will need to verify your self employed income. Your last tax return, bank records, budget and contracts can go a long way to proving your income and assuring the lender you can cover the payments on a self employed car loan.

Getting a new used vehicle to increase revenues is the best reason for self employed car loans. If you have a contract waiting or have someone ready to give you more work then get some sort of documentation to back up your facts and figures. It will go a long way to getting you approved for a higher approval limit and lower interest rates on self employed car loans.

When self employed, you need to persuade new customers and sell yourself and your business. Take the same attitude when applying for self employed car loans.

Apply today for our Self Employed Car Loans

Car Corner guarantees credit approval on all self employed car loans. We are flexible and our main concern when someone is self employed, is actually how much they can afford for payments. How well you justify your income influences payments and the approval limit on self employed car loans.

Let Car Corner put you behind the wheel of a new used vehicle. Get pre-approved today with our fast and simple application for self employed car loans.