Can I use my spouse's income for a car loan?

"I'm a stay-at-home mom who makes about $500 a month.

Because of my low income, I want to list my husband's as my own on the car loan application. He travels frequently and can't go to the dealership.

Can I use my spouse's income to get approval for a car loan?"

Answer
“No. You won’t be able to use his income as your own for approval on a car loan.
In this case, go into the dealership and explain the situation. Most car dealers will work with you to get the deal done, including overnighting mail and forms to your husband, wherever he might be.
If you want to, you can take out a joint loan with both of your name’s on it, and you should be fine. Otherwise, you’re not going to get approved.”
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Eric Schad
Answered on Jun 07, 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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