Quote:
Originally Posted by dgoldenz
What don't I get? They wanted proof of your income. Banks have become much tighter on lending and debt-to-income ratios. You are dealing with presumably a six-figure loan or close to it. Of course they are going to want documentation of your income instead of just the company. The company could dissolve tomorrow or file for bankruptcy to protect its owners and then they are stuck with nothing. .
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No sir, it's my business and the documentation shows that. The business I wanted to attach this car has been established for 20 years, has spotless payment history on tradelines up to and including a BMWFS tradeline that was 5x this PFS amount. In addition, I already provided via 3rd party CPA my PNL as well as a 90 balance sheet. I've purchased and paid off other Porsche vehicles. My personal credit is spotless, my DTI impeccable, and multiple equivalent or substantially higher tradelines paid in full and on time. I have and am approved for higher amounts through Lamborghini (Urus Performante S) which is also VAG/PFS.
Honestly, I don't even think it's PFS, I think it's that the finance manager doesn't do his job to make sure things just go smoothly.