"Can I get approved for a car loan if I have perfect credit but really low income? "
"I just got out of college and will be starting a new job, making $50,000 per year. My credit score is around 800.
Last year, working part-time, I made about $10,000. How likely is it that I would get approved for a car loan?
Answer provided by
Answered on May 25, 2021
“If you go to a big dealership, you can probably talk to their financing manager and get approval fairly easily with that kind of credit score. They might not even ask you to verify your income.
However, if they do deny you a car loan because of your income, you could always get a cosigner. The best way to find out if you can get approved is to talk to a lender or dealer. “
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