I'm a current student, and the car im driving is not safe. I'm looking to finance a used car but I dont have a job. I have the 2000 dollars to put down and about 7000 in my bank account. I dont have any pay stubs and won't until I graduate a year from now. Can i be approved for a car loan without any pay stubs? The is my first car I'm financing, does anyone have any input for a newbie like me?
@Anonymous wrote:I'm a current student, and the car im driving is not safe. I'm looking to finance a used car but I dont have a job. I have the 2000 dollars to put down and about 7000 in my bank account. I dont have any pay stubs and won't until I graduate a year from now. Can i be approved for a car loan without any pay stubs? The is my first car I'm financing, does anyone have any input for a newbie like me?
If you don't have a job or any other source of income it's going to be very difficult, if not impossible, to get approved for any kind of loan. Your best bet is to buy yourself some inexpensive car that you pay cash for and that will last until you graduate and get a job.