[Donatello.]

Originally Posted by x622

I have a really good score, excellent payment history, and a diverse portfolio. They still want to do proof of income on me even though I have massive credit lines and substantially larger loans that have been paid in full.

Last time I tried to do this on a 992 TTS, they wanted to do a colonoscopy and examine every k1, every one of my entities etc, to which I told them to piss off.

Wow, really? They clearly don't want to sell cars, damn.

[x622]

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. .

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.

[G35POPPEDMYCHERRY]

i mean honestly, you will provide whatever they ask for...It is in the dealerships best interest to finance in house....likely best overall compensation for manufacture financing save a predatory auto loan, which likely isn't found at a porche dealership...

I can see plenty of BS occuring from a stealership but getting you approved is one thing they are foaming to get done, and would get done with an I.O.U if any bank would accept that in lieu of a credit check

[Donatello.]

Originally Posted by x622

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.

Any business can still go under tomorrow. Does not matter how long it has been in business

[c1pher]

I’ve had two loans with PFS and no issues. Very easy to work with. When I got my Targa, BoA wanted proof of income to include my last tax return. I was able to go with PenFed instead and they loaned me the same amount of money at a lower rate no issue.

[dgoldenz]

Originally Posted by x622

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.

If you already have these lines of credit approved elsewhere that is probably why they want to see your income because they are concerned about debt to income ratio. I don’t see why it’s unusual for them to want your tax returns when you’re asking for a large loan amount. My bank put me through the wringer just to get a $25k HELOC increase when I already had an existing six figure credit line. That’s how it goes when the lending market is bad.

[x622]

Originally Posted by dgoldenz

If you already have these lines of credit approved elsewhere that is probably why they want to see your income because they are concerned about debt to income ratio. I don’t see why it’s unusual for them to want your tax returns when you’re asking for a large loan amount. My bank put me through the wringer just to get a $25k HELOC increase when I already had an existing six figure credit line. That’s how it goes when the lending market is bad.

Actually, it was so comical that even a one pay lease still requires a tax return.

A one pay is $165k up front on a 220k car.

Get real.

[dgoldenz]

Originally Posted by x622

Actually, it was so comical that even a one pay lease still requires a tax return.

A one pay is $165k up front on a 220k car.

Get real.

That doesn’t make sense unless you’re financing the one pay lease. Why would they need your taxes if you’re paying cash up front on the entire amount? You’d also have to be stone cold retarded to pay $165k to lease a $220k Porsche lol

[x622]

Originally Posted by dgoldenz

That doesn’t make sense unless you’re financing the one pay lease. Why would they need your taxes if you’re paying cash up front on the entire amount? You’d also have to be stone cold retarded to pay $165k to lease a $220k Porsche lol

Q4 tax writeoff. I have to burn cash otherwise it goes to daddy biden.