Can I qualify for a car loan if I list child support as my only source of income?

I'm receiving child support from my ex-husband. I'm also looking for a job, but for now the child support is the only income I've got. Is this enough to get a car loan?

Unearned income, such as child support, can qualify you for a car loan, yet it’s completely dependent on the amount of child support income and how long you’ll be receiving it. If this is your only income, you’ll also have to have good or excellent credit to become a strong candidate for an auto loan.
Eric Schad
Answered on Mar 12, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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