AUTO
Remove speed bumps from auto financing
Approve more buyers right from the deal desk. Plaid helps you analyze financial stability, stop fraud in its tracks, and process real-time, irrevocable payments.
Instant income verification
Streamline income and employment verification, automating approvals and reducing pay stub fraud.
Visibility that drives approvals
Plaid’s cash flow data gets you under the hood to see a borrower’s true ability to pay, helping you approve more borrowers.
Deposits in seconds—not days
Skip the wait. Set up instant, irrevocable deposits and recurring billing, without compromising on security.
Verify income from the dealership chair
Give buyers a frictionless income and employment verification process—all without leaving the dealership.
Send a secure link via text or email
Applicants connect their bank account in 7 seconds
Get income and employment details instantly
Plaid’s income verification suite covers 100% of the U.S. workforce—including gig and self-employed workers—with insights into two years of transactions, plus net and gross earnings.
Verify income from the dealership chair
Give buyers a frictionless income and employment verification process—all without leaving the dealership.
Send a secure link via text or email
Applicants connect their bank account in 7 seconds
Get income and employment details instantly
Plaid’s income verification suite covers 100% of the U.S. workforce—including gig and self-employed workers—with insights into two years of transactions, plus net and gross earnings.
Plaid income verification suite provides 100% income verification coverage for the U.S. workforce.
Approve Owl saw a 20% reduction in proof-of-income fraud after working with Plaid.
More keys in hands—faster
Plaid helps dealers modernize auto underwriting and payments, increasing approvals while reducing fraud.
Find qualified borrowers with richer insights
Assess credit risk with precision using Plaid’s cash flow and credit data—plus Experian’s analytics—to approve up to 25% more borrowers while reducing losses.
Learn moreLeave bounced checks in the rearview mirror
Onboard buyers instantly by securely connecting their bank accounts, enabling irreversible initial deposits and recurring payments.
Learn moreOur work with Plaid unlocks a faster, more seamless checkout experience by enabling real-time payments at a critical step in the process.
Matt Dundas
Vice President of Finance, CarvanaRead the story
CUSTOMER STORIES
Stories from the driver’s seat
Your questions, answered
Reach out if we didn’t answer yours.
How can auto dealers reduce fraud in loan applications?
Auto dealers can reduce fraud by leveraging consumer-permissioned financial data instead of relying solely on paper documents like pay stubs or bank statements. Real-time bank account verification, income categorization, and identity signals help detect falsified information and flag risky applications early in the process. With Plaid, lenders and dealers can verify income and account ownership directly from the source, reducing document fraud, minimizing manual reviews, and accelerating approvals.
How can Plaid improve auto financing for lenders?
Plaid improves auto financing by giving lenders real-time visibility into a borrower’s income, cash flow, and financial stability. Instead of relying only on traditional credit scores, lenders can incorporate cash flow insights to make faster and more informed underwriting decisions. Through Consumer Report lenders can access categorized transactions, income insights, and cash flow risk signals in a single API helping reduce manual stipulations, increase approval rates, and streamline loan origination workflows.
What is cash flow underwriting? And why is it important for risk assessment?
Cash flow underwriting uses real-time bank transaction data such as income deposits, spending patterns, and balance trends to assess a borrower’s ability to repay.
Unlike traditional credit scores, which primarily measure past repayment behavior, cash flow data provides an up-to-date view of actual financial capacity. This is especially important in auto lending, where borrowers may have thin credit files, variable income, or recent financial changes.
Solutions like LendScore and Consumer Report help lenders incorporate cash flow signals into underwriting models to approve more qualified borrowers while managing risk.
How does real-time bank data help auto underwriting?
Real-time bank data reveals up-to-date income deposits, recurring expenses, overdraft activity, and balance stability by providing a clearer picture of financial health than bureau data alone.
By embedding Plaid into online or dealership workflows, lenders can securely collect consumer-permissioned bank data in seconds. This enables faster income verification, more accurate debt-to-income calculations, and better risk segmentation.
How can Plaid expand the buy box while reducing fraud?
Plaid helps auto lenders expand their “buy box” by identifying borrowers who may look risky on a traditional credit report but demonstrate strong cash flow and stable income. At the same time, Plaid reduces fraud by replacing document-based verification with direct bank data and identity signals. Through Consumer Report and LendScore, lenders can approve more legitimate borrowers while proactively flagging high-risk or inconsistent activity. This balance allows lenders to increase originations without materially increasing losses.
What buyer verification options are available for auto lenders?
Auto lenders can access real-time verification powered by secure APIs. These pull income and employment data directly from bank accounts, removing the need for manual pay stubs and speeding approvals.
