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To qualify for an auto loan you will need a job that pays well enough that you can afford the payment and be on the job for a while, usually one year or longer. Additionally you will have to have some decent credit.

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10y ago

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What do you need to qualify for a car loan?

You need an appropriate record to qualify for a car loan and you need correct and standard employment information that you must provide in order to approve.


Can a 17-year-old qualify for a car loan?

Yes, a 17-year-old can qualify for a car loan with a co-signer who is of legal age and meets the lender's requirements.


Can you get an easy bank loan for a new car?

Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.


How do you take over payments on a car loan?

Contact the bank or finance company that holds the note on this car. They can transfer the loan to you if you qualify.


How long do you have to be on your job to qualify for a car loan?

6 months minimum


How can one qualify for a car loan with Capital One?

For one to qualify for a car loan with Capital One, one must go to Capital One's website and request a car loan application. From there, one must fill out the application with basic information such as name, date of birth, home address.


Does a car with salvage title qualify for CARS?

The salvage title has to do with obtaining a loan on the car. However, I would disclose it.


Where can I find a good place to get a loan for my new car?

I believe a good place to find a loan to get a new car would be a bank they have many different types of loans if you don't qualify for one you may qualify for another. they have many possibilities for you.


How can I find a cosigner for a car loan?

You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.


Do you need good credit to qualify for collector car loans?

Yes you will. You will definitely need some good credit if you want to get a collector car loan. If you do not have good credit, you will not get the loan.


Can you qualify for car loan with 627 credit score?

yes but you might have a high interest rate.


Will obtaining a new car loan affect ability to obtain a mortgage?

Yes it will. It will effect your debt to income ratio. Your DTI has to be a a certain percent to qualify for a home loan, you must be able to budget. Even if your income is enough to qualify, credit pulls from car dealers can lower your scores. This could be the difference in rate, of if you have questionable credit weather you get the loan or not. I would recommend getting a car after you close on your mortgage loan. Jesse