Car Buying Advice-Credit application and proof of income for leasing Infiniti

bhairya

I'm exploring leasing for the first time and looking into getting an Infiniti Q50 possibly. Been 6 years since I bought my last car. I was employed back then but I don't recall what I provided. Now I'm self employed. What proof of income, if any, do you have to provide to lease a car? I don't really have paystubs or a monthly paycheck anymore (real estate broker). Thanks!

[Deleted User]

bhairya said:

I'm exploring leasing for the first time and looking into getting an Infiniti Q50 possibly. Been 6 years since I bought my last car. I was employed back then but I don't recall what I provided. Now I'm self employed. What proof of income, if any, do you have to provide to lease a car? I don't really have paystubs or a monthly paycheck anymore (real estate broker). Thanks!

Great question! You would want to at least have your last 2 years of tax returns and I would be ready to supply at least the last 6 months of bank statements too. Every bank is different but t will also depend on what your credit score comes back as so you should expect to at least supply those.

[Deleted User]

If you score high enough, they might not even ask for proof of income.

[Deleted User]

Thru Infiniti Financial Services: Tier 1: 740+. Tier 2: 739-720. Tier 3: 719-700. I would anticipate them needing the documents but possibly a top tier score might not warrant any proof of income. I believe they use Experian or TransUnion.

bhairya

Thanks, tax returns, too? Credit score is good no issues there and bank statements OK too. Tax returns with lots of deductions have to look into that.

bhairya

What is considered tier 1 or high enough? Do they typically pull all 3 bureaus like a mortgage app or just one? Thanks.

fushigi

Nathan - I can confirm IFS uses TransUnion (though I can't say if they use others). I have TransUnion credit monitoring and unlocked the block on it while working with the Infiniti Sales guy.

Shortly after doing their credit application I got a notice from TU that they'd checked my credit.

This was for a purchase, not a lease, but I'm sure it's the same process to determine credit worthiness.

bhairya

I can now confirm that they only pull credit (TU) here in TX. No proof of income required.

Michaell

bhairya said:

I can now confirm that they only pull credit (TU) here in TX. No proof of income required.

Thanks for following up with us on this!