If you are an unemployed person who is looking for a car loan, we can help you get the auto loan you need. Unemployed people are in need of auto loans just like their employed counterparts, in our opinion. This is why we have partnered with a broad selection of loan companies who can finance people with no job, especially if they have another source of income. We have made it easier for many unemployed people to find the auto loan they needed, and we can help you to get the lowest APR rates possible.
Car Loans and Unemployment
For starters, it’s best to bypass the aggravation of going from bank to bank and dealer to dealer, searching for one who grants auto loans to the unemployed at competitively priced interest rates. Simply submit your application via our sophisticated system. When you do so, our system works to connect you to the very best car loan company taking into account where you are, credit history, money down, and budget. If matched up, you’ll be pre-authorized to finance the new or pre-owned car you want.
Remember: even though you are unemployed, you will need some sort of cashflow to get approved. That could be from benefits, savings, or some other income stream. But lenders do want to see that, although you are not employed, you have some way to make your payments each month. Unemployed people should expect annual percentage rates on a sliding scale, mainly based on their credit scores. The stronger your credit ratings, the cheaper your rates.