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Can You Get a Car Loan While You’re on Unemployment?


If you're out of work, you may be wondering if you can get a car loan. The good news is that it is possible to get a loan when you're unemployed. Here are a few things to keep in mind:

1. You'll likely need a cosigner: Since you don't have an income, lenders will be reluctant to give you a loan. But if you can find someone who's willing to cosign the loan with you, your chances of getting approved go up significantly.


2. You may have to pay a higher interest rate: Again, because you're seen as a higher risk, lenders will charge a higher interest rate on your loan. So be prepared to pay more than someone with a steady job would pay.



The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706





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