Can I get a car loan approved if I only have a job offer letter?

"I've been unemployed for over a year, but I just found a new job. Can I get a car loan if I only have a job offer letter?"

Answer
“You probably won’t be able to get a car loan with just the offer letter, as it doesn’t prove that you’re being paid or you’ve accepted the job.
After a few pay periods, you should be able to use those pay stubs, along with a letter of documentation from your employer, to prove your income.
You might also want to think about if you actually need a new car. You’ve been unemployed for a while; don’t hop immediately into debt if you can avoid it.”
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Eric Schad
Answered on Jul 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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