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Can a soon-to-be-16-year-old get a car loan if he does not have a job?
Wiki User
∙ 18y ago
No! You would have to have your parents cosign for you. Having a fairly good paying job, owning a boat, condo, house, property is classified as "collateral" and the loan is put against that. The reason for this is if you choose not to make your car payments or can't make your car payments then the bank will take whatever collateral you have put against the loan. The bank is in the business of lending, but also getting their money back! Marcy
Wiki User
∙ 18y ago
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How do i get a car loan if i don't have a job?
Do you need a loan contact
How do you get a car loan without credit or job?
it is very hard to get a car loan unless you show you are bringing in some type of income.. you may have a chance if you have a co signer yeah it's true car loan without credit as well job is very difficult to get, if you have no job then you must need cosigner to get car loan.
Where to get a car loan without a job?
if you are having any other sources of income show that proofs to your lender.it proves that you are able to pay car loan. today there are so many lenders available which provides you car loan..go online and search for car loan lenders giving loans without a job.
If you don't have a job can you get a car loan?
If you can not prove to the loan officer that you have a stable source of income don't count on getting the loan.
How long do you have to be on your job to qualify for a car loan?
6 months minimum
How do i get a car loan if i don't have a job?
Do you need a loan contact
How do you get a car loan without credit or job?
it is very hard to get a car loan unless you show you are bringing in some type of income.. you may have a chance if you have a co signer yeah it's true car loan without credit as well job is very difficult to get, if you have no job then you must need cosigner to get car loan.
Where to get a car loan without a job?
if you are having any other sources of income show that proofs to your lender.it proves that you are able to pay car loan. today there are so many lenders available which provides you car loan..go online and search for car loan lenders giving loans without a job.
If you don't have a job can you get a car loan?
If you can not prove to the loan officer that you have a stable source of income don't count on getting the loan.
How can you get a car loan while on unemployment?
Get job or ask your mamma or dada for loan and you wll pay them back
What do you do if you lose your job while in the process of finalizing a car loan?
With no job you might want to rethink whether you need a new car!
How long do you have to be on your job to qualify for a car loan?
6 months minimum
How long do you have to be on your job to get a car loan?
Depends on your credit and down payment
If you tell an auto dealer that you have a job when you know you are quitting that job can you get in trouble?
If they have already approved your loan, you won't get in trouble. If you have trouble paying your loan because you don't have a job, your car will be repossessed.
Will a car loan affect chances of getting a school loan?
In the US, no it won't. Your credit and job history do not play a part in student loan eligibility.
Is there a way to get a car loan without a job or co-borrower?
Yes. Deposit the amount of money the car costs in a bank, in a CD, and use it as security for the loan that the bank will give you to buy the car.
If you don't have a job and your car gets repossessed do you still have to pay for it when you didn't have a job when you first got the car and no credit was checked?
Read your loan agreement.Yes you will have to pay for balance of the loan after your vehicle is sold or auctioned.Your current or past job status makes no difference to the bank.
