They could take the car back but potentially the dealer and/or finance company would lose out financially.
I was surprised not to be asked about income but equally, other than a mortgage, I’ve never been asked to prove I earn that money. It’s always been trusted that the figure I’ve given is accurate.
Maybe in my case it’s a decision by the parent company or dealership to stop asking about income. Agreed though it seems a questionable move. It’s totally reliant on the person to have ensured they can actually afford to make the repayments.
I wasn’t asked about my income either when I purchased my current car. I wonder if it depends on your credit history and if they don’t have enough background they’ll ask more questions?
We’ve gone down a different route, with a subscription model with Renault. Didn’t need to pony up the deposit so more expensive monthly, but get insurance, maintenance and roadside included in the price, and for a brand new Megane E Tech with 100 miles on the clock