When you apply for a car loan, most lenders require proof of income.
If you are unable to provide that evidence because you don’t have a job or are self-employed, your options are somewhat limited.
However, it is still possible to buy a car even if you don’t have proof of income when you follow some specific steps.
Can I buy a car with no job?
When trying to go for car financing without a job it will need a down payment. Some lenders will require a down payment of 30% or more before granting a loan to someone who is unemployed however. So be prepared to pay a little more for the down payment if you do not have a job or a regular source of income.
Photo in the article by “Flickr”