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Can you get a car loan without proof of income?

I’m between jobs and am looking to start my own business, which I’ll need a car for. I have the money but have no proof of income. Is it possible for me to get a car loan?

avatar
Will Baldwin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Believe it or not, you actually can still buy a car without proof of income. Of course, things will be much easier if you can prove your level of income, but it isn’t the only way.
You have a couple of options to get a car loan when you don’t have income:
  • Find a no-income verification loan
  • Get a
    cosigner
  • Use collateral
  • Buy the car with cash
Make sure you shop around and find the best rate. It can be difficult to find a no-income verification loan, but they do exist. Also keep in mind that you will have to budget for maintenance, gas, and car insurance in addition to your car loan. Most lenders will require you to carry full coverage for your financed vehicle.
If you want help finding the lowest rates for car insurance, try using the number-one-rated car insurance app,
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. Jerry generates competitive quotes from top providers in less than a minute. The average Jerry driver saves $879 a year on car insurance!
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