PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I get a car loan if I work part-time?
With a part-time job, I don't make a lot of money. Is it still possible for me to get a car loan?
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Auto lenders only look at your monthly income when determining your eligibility for a
car loan
. So how much you work isn’t the concern—it’s how much you make. As long as your monthly income amount meets the lender’s requirements for the loan, your part-time job should not hinder you from getting approval. That being said, you may want to consider finding a
cosigner
for the loan to increase your odds of approval. A cosigner is someone with good credit who can back you on your car loan—usually a friend or relative. If your credit is iffy or your income isn’t quite what a lender would like to see, having a cosigner can make a big difference in determining whether or not your loan is approved.
But you should keep in mind that defaulting on any payments will result in your cosigner being held responsible—so it’s important to stay on top of auto loan payments if you have a cosigner.
If you can’t find a cosigner, look for lenders willing to work with low-income earners. Lending Tree is a popular lender among drivers with below-average income, while CARMax is a strong choice for buyers of used vehicles!
The best way to find out what sort of car loan you qualify for is by shopping around with different lenders. Shopping for quotes will give you a clearer idea of whether you may need a cosigner, or if a car loan is in the cards for you right now.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
