"Can I get a car loan if my asylum status is pending? "

"I am in the U.S. seeking asylum. My asylum status is currently pending approval but I have a valid SSN and am authorized for at least the next two years. Under the law I am able to renew every two years and I plan on staying here as long as I possibly can, hopefully forever. Am I able to get a car loan?"

Answer
“This is tricky because your current status in the U.S. is technically unknown and you could be here for the duration of a loan or the laws and/or your situation could change at any point. This unfortunately makes lenders very hesitant.
The only way to really know for sure is to apply for a loan and see what the lender has to say. You might have pretty good luck getting a personal loan instead of an auto loan, or if you are really desperate for a car, you can check with a Buy Here/Pay Here dealership, but you should be prepared to pay a lot of money each month.
Also keep in mind that when budgeting for a vehicle, you will also need to get insurance. You can find good deals by using a smart comparison tool like Jerry to help you find the best rates.”
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Johnny Puckett
Answered on Jul 26, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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