Can You Get a Car Loan With Only a 1099?

It’s not common knowledge that you can actually get a car loan with a 1099 tax form. However, you’ll have to bring either a profit-loss statement, tax returns dating back two to three years, or a bank statement. These documents show income, credit, and debt-to-income ratio, which are all factors that car loaners look at to make a decision. 

Car loans often require full car insurance as opposed to just basic liability coverage. At Insurance Navy, we understand that you have other payments to make at that time. That’s why we pride ourselves on our cheap car insurance services and competitive quotes for any driver looking to save regardless of budget. Start today with a free quote and see what low rates and even discounts you qualify for.