Can I get a car loan if I only have casual employment?

I work odd jobs and live with my parents for the time being. I want to get a normal job, but I need a car to do so. Can I get a car loan without a W-2 job?

Answer
If you don’t have a W-2 job, it can make car loan approval more difficult—but that doesn’t mean it’s impossible.
To get a car loan if you only have casual employment, follow these tips:
  • Look into getting a loan with your current bank or credit union, as they may be more willing to work with you.
  • Check your credit report to ensure there aren’t any errors and pay down as much debt as possible.
  • Ask your employer to write a letter verifying your income and speaking to your character.
  • Save up money for a significant down payment.
  • Apply for the loan with a cosigner.
  • Shop around for the best interest rate and loan terms.
Once you get approved, you will also have to show proof of car insurance. That’s where Jerry can help. Using the Jerry app, you can compare quotes from over 50 top insurance providers. Jerry will even take care of the paperwork.
With any luck, you should be cruising off the lot in style!
Eric Schad
Answered on Nov 15, 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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