I have gotten a pay stub from every job I've held previously, but my new job is a small business and they do not give electronic pay stubs. I am given a handwritten statement showing what is withheld, but I went to get a loan through Subaru on a used car and they would not accept what I have been given.

I am in Vermont. I believe my employer is not required to provide an electronic statement. If this is the case, is there any way for Subaru to accept what I have?

  • Do you get a check or is it direct deposit? You might be able to show several months worth of bank statements or copies of the checks to show they are payroll checks. – mhoran_psprep Apr 5 '17 at 0:23
  • 1
    You might also ask your employer if they'd be willing to provide a letter verifying your income, or some kind of pay statement, and ask the lender if they'd accept that. – BrenBarn Apr 5 '17 at 4:24

You have a few options and sometimes challenges help us improve our situation.

First, you can not borrow to buy a car. Reducing the massive depreciation that cars undergo will help you be wealthier. It is hard to find a good use car that you can buy for cash, but it will play out best for your finances in the long run.

If your heart is set on borrowing, I would encourage you to go to the bank/credit union where you have your checking account. They will see your history of deposits and may grant you a loan based on that. Also you are likely to get a better deal from the bank than from the car dealer.

Thirdly, you can simply go to your employer's HR department and ask them. Surely someone has applied for a loan during the company's history. What did they do for them?


What I ended up doing was getting a notarized copy of my withholdings and a statement from my employer saying what I earn hourly and annually.

I checked all my options first -- I could not get a bank loan as I did not have enough credit, I previously owned two used cars payed for with cash and wanted a reliable long-term vehicle.

My employer was a family-run 3-person office, with only one technical employee and 2 co-owners (so no HR department and no one the one employee had not needed a loan). Luckily one of the co-owners was a notary so it was very easy to have done in the office!

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.