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

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?

Answer
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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Johnny Puckett
Answered on Mar 12, 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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