Drive Away with Faster Auto Loan Approval
When the dealership finance office or your bank asks for proof of assets, don't scramble. Generate a professional personal financial statement in 8 minutes and close the deal.
Time to Completion
A Personal Financial Statement for Auto Loans is a document required by dealerships and lenders to verify your net worth for luxury or high-value vehicle purchases. When you're ready to purchase a high-value or luxury vehicle, the financing process looks different from a standard car loan. Whether you're eyeing a Porsche 911, a Range Rover, a Tesla Model S, or a classic car restoration project, lenders and dealership finance departments need more assurance than they do for economy vehicles. They want to know that the buyer standing in front of them has the financial foundation to handle both the payments and the total cost of ownership. A personal financial statement cuts through the uncertainty and positions you as a serious, qualified buyer. With StatementsReady, you can walk into any dealership—or apply online—with documentation that proves you belong in the driver's seat.
When Auto Lenders Require Financial Documentation
For high-value vehicles, luxury brands, or certain financing situations, lenders need more than just a credit check. They want to see your complete financial picture.
Luxury Brand Requirements
Porsche Financial, BMW Financial, Mercedes-Benz, and other captive lenders often require proof of net worth for premium vehicle purchases.
Private Sale Financing
Buying from a private seller with bank financing? Your lender may require a personal financial statement to approve the loan.
Time-Sensitive Deals
Vehicle deals move fast. Don't lose your car to another buyer while you're hunting down bank statements and calculating your net worth.
Close the Deal, Same Day
StatementsReady helps you produce the financial documentation auto lenders need, fast enough to keep your deal on track.
Generate your statement while the salesperson draws up paperwork. Same-day approval, same-day drive-away.
A clean, formatted financial statement impresses finance managers and signals you're a qualified buyer.
If you're trading in a current vehicle, easily list it as an asset with its estimated value.
Email a PDF directly to the dealership or download for the finance office. Whatever they need.
If the lender asks for clarification or updated figures, make changes and regenerate in seconds.
Why Luxury Auto Buyers Choose StatementsReady
High-value vehicle purchases happen quickly. Don't let documentation delays cost you the car you want.
Close Deals Same-Day
Generate your financial statement while the salesperson prepares paperwork. Same-day financing approval means you drive home today, not next week.
Impress Finance Managers
A professionally formatted personal financial statement signals you're a qualified buyer. Skip the awkward negotiations and establish credibility immediately.
Works with All Captive Lenders
Whether you're financing through Porsche Financial Services, BMW Financial, Mercedes-Benz Financial, or your own bank, our format meets their documentation requirements.
Trade-In Value Documentation
If you're trading in your current vehicle, easily document its value as an asset. Show lenders the equity you're bringing to the transaction.
Auto Financing Documentation Package
How It Works
Creating your personal financial statement is simple with StatementsReady.
Connect Your Accounts
Securely link your bank accounts via Plaid or enter information manually. Your choice.
Review & Customize
Verify your information, add any additional assets or liabilities, and customize as needed.
Export & Share
Download your professional PDF or share via secure link. Ready for your lender or attorney.
Frequently Asked Questions
When do auto lenders require a personal financial statement?
Typically for luxury vehicles ($50K+), when your credit history is limited, for private party sales with bank financing, or when applying through captive finance arms of premium brands (Porsche, BMW, Mercedes, etc.).
Do I need a PFS for a lease vs. purchase?
Leases sometimes have different requirements, but luxury brand lessors may still want to verify net worth, especially for high-payment vehicles. It's increasingly common for leases over $1,000/month.
What net worth do luxury car lenders look for?
There's no universal threshold, but generally lenders want to see a net worth sufficient that the vehicle payment won't strain your finances. A $100K car with a $50K net worth may raise flags; a $100K car with $500K net worth is more comfortable.
Can I include my current vehicle as an asset?
Yes. List your current vehicle at its fair market value (use Kelley Blue Book or similar). This is especially important if you have equity in the vehicle that will apply toward the new purchase.
How do I show proof of down payment funds?
Your cash and savings accounts on the financial statement serve as proof. StatementsReady syncs with your bank to show accurate balances. Dealers and lenders can see exactly where your down payment is coming from.
Don't Let Paperwork Slow Down Your Purchase
Generate your auto loan financial statement in 8 minutes. Drive away with confidence knowing your documentation is complete and professional.
Create My Statement Free