Can I get a car loan if I'm on disability?

I'm currently receiving Social Security disability income. My car just died, so now I need a new one. Can I get a loan for a new car if I'm on disability?

Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you can get a
car loan
if you’re on disability! 
Unlike regular Social Security Retirement Income, Social Security Disability Income (SSDI) removes stipulations or limits on the loan process.
For individuals receiving SSDI, the loan process is exactly the same as it would be otherwise. The lender looks at your income, credit history, and debt-to-income ratio to determine what type of loan you qualify for.
Generally speaking, most individuals must meet the following criteria to qualify for a car loan:
  • Monthly income: at least $1,500 
  • Credit score: 660 or higher
  • Debt-to-income ratio: below 43% 
If you meet these qualifications, start shopping for lenders! The more you shop around, the better the chance you have of finding a great rate for your loan.
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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.

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