Answer
Jan 26, 2023 - 02:18 AM
Hi there,
Yes and no. Some finance houses may approve car loans for unemployed borrowers who have other sources of income, healthy credit, a co-signer or a sizable down payment.
At the end of the day, there is an arrangement between the customer and the bank and not necessarily the dealer. Everyone's situation is different so repayment arrangements can be made between the finance house and the customer therefore there's no standard repayment arrangement. As long as you pay agreed amount on agreed dates then all is well.
Have a chat with your finance house of choice and see what can be arranged for you.
We hope you come right,
The AskAutoTrader Team
Yes and no. Some finance houses may approve car loans for unemployed borrowers who have other sources of income, healthy credit, a co-signer or a sizable down payment.
At the end of the day, there is an arrangement between the customer and the bank and not necessarily the dealer. Everyone's situation is different so repayment arrangements can be made between the finance house and the customer therefore there's no standard repayment arrangement. As long as you pay agreed amount on agreed dates then all is well.
Have a chat with your finance house of choice and see what can be arranged for you.
We hope you come right,
The AskAutoTrader Team
Add New Comment