Because having a car might make you a more desirable employee, you might try to get an auto loan while unemployed.
While it is possible, a lender probably won’t consider unemployment benefits as part of your income.
You’ll need evidence that proves you can repay the loan.
Can I get car finance if I am unemployed?
Qualifying for car finance when you’re unemployed can be difficult. This makes it very difficult for people who are unemployed to be accepted for car finance. If you’re unemployed and have a Good credit rating, we may be able to help you if you’re able to get a Guarantor to make the application with you.
Photo in the article by “Flickr”