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Can you get a car loan if you have bad credit and you just got a new job where a car is required if you've only been temping for the past two months?
Wiki User
∙ 8y ago
As long as your residence has been the same for the last few years, most banks will look at your employment history to see if you are a good risk and that your place of residence isn't like a nomad roaming everywhere.
It is tough finding a used car that is in good running order and low price. Most banks want to finance an amount that they will make interest on the loan. If the amount is small they won't make as much interest so if your job is paying well based on the above you should be able to get a car loan. Try credit unions through your employer if they have one or a family members credit union you will get a much better intrest rate there than a bank.
If you life in a large metropolitan area, there are car dealers that offer "bad credit ok" loans. The interest is usually very, very high. You could ask your employer to supply the car as part of your employment.
Wiki User
∙ 8y ago
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