cancel
Showing results for 
Search instead for 
Did you mean: 

Length of Employment Needed for Auto Loan?

tag
Anonymous
Not applicable

Length of Employment Needed for Auto Loan?

I just started a new job. How long do you have to work at a place of employment before you can apply for an auto loan? Do lenders take that into consideration, or do they only care that you have a source of income?

4 REPLIES 4
Anonymous
Not applicable

Re: Length of Employment Needed for Auto Loan?

Welcome to the board.  They only care about income not how long you have been at your job.

Message 2 of 5
Anonymous
Not applicable

Re: Length of Employment Needed for Auto Loan?


@Anonymous wrote:

Welcome to the board.  They only care about income not how long you have been at your job.


Actually it's longer the better now if you have a high credit score they don't care. Plus the sales guy will put whatever to see if they can get you approve cause they want the sales

Message 3 of 5
C7LT1
New Contributor

Re: Length of Employment Needed for Auto Loan?

Welcome to the Forums. 

 

This is going to vary lender to lender. I have never heard of a hard fast rule. Apply to see what they say just don't lie on the application. 

In the garden until June 2018

Message 4 of 5
elim
Senior Contributor

Re: Length of Employment Needed for Auto Loan?

The GF's daughter changed jobs (changed fields) and 2 weeks later used the Cap1 soft pull auto prequal and was approved at 7 or 8% with low 600 scores.

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.