Established Contributor
jcstarkey8826
Posts: 708
Registered: ‎06-01-2012
Re: bRe: Excellent credit but unemployed. Can I still get a car loan?

hopefully your bank or CU is different, however the banks I work and have worked for cannot say, due to discrimination legalities, anything about whether an application will be declined or not based on anything you tell them, but it was/is my current banks policy to not lend unless you have income, and they would list DTI as the factor in the decision. Again, I hope your bank or CU doesnt have that policy, but of the 3 I've worked for and multiple connections Ive had to others, they are a stickler for income.

 

Basically you have the cash to buy the car, but that doesnt secure anything for them because you can still do as you please with those funds. all the best, let us know how it goes!

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL