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Can you get a car loan without a job?

Updated: 9/11/2023
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7y ago

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Yes, as long as you have an alternate source of income and you can handle both the car payment and your other living expenses. Having a good credit history will help, too.

Auto loans for borrowers who have lost job come standard in two options

1)secured car loan

2)Unsecured car loan.

In a secured type of auto finance, collateral is required to be pledged as security against the loan amount granted and as a result, it is much easier to get an approval for the car loan and even the rates of interest provided could be considerably lower. But if you do not have collateral to offer you could consider availing the other option.

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7y ago
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Q: Can you get a car loan without a job?
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Related questions

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.


Can a person get a car loan that is under 18 without a full time job?

Probably not


Can someone without a job co-sign on a car?

Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.


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.


Can you finance a car without a job?

No. BUT, if you can get a "co-signer", someone that will guarantee the loan, (they will pay if you don't) then they usually will.


Can you trade in your car without having a job?

Yes Yes, of course. Your employment or financial status will affect your ability to get a loan for another car, but if you've saved money for another car, you won't need a loan.


How do i get a car loan if i don't have a job?

Do you need a loan contact


Lost job and Cant afford car loan what can I do without hurting my credit?

Call loan company and explain your situation, see if they can offer you a delayed payment schedule, etc.


Can your cosigner refinance your car without your permission?

No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.


Can you loan a car without the person on insurance?

no


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.