Can I get approved for a car loan if I have a low income but make a big down payment?

Answered by Car Loans Expert Johnny on January 15, 2021

Conor asked

I don't make much since I only have a part-time job, but since I inherited some cash recently, I can make a big down payment on a car. Do you think I can get a loan?

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Car Loans Expert

There are many lenders that will approve loans for low-income earners, but they will usually need to review your financial situation first. Making a large down payment — and having a good credit score — will definitely make it easier to find financing. Having a cosigner can help as well.

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