I’m sorry to hear about your job! I know times are tough for much of the world right now.
In most cases, you can’t refinance a car if you don’t have a job. But there are exceptions! If you have a job offer, some lenders will accept a signed contract or letter of employment. Also, if you can prove you have the means to make your payment every month and have a high credit score, a lender may make an exception.
That said, your best option may be to ask a close friend or family member to co-sign your loan. Without a steady income, lenders have no guarantee you’ll be able to pay them back. But having someone co-sign means that they’ll consider an additional person’s assets and income when assessing your request.
Typically, anyone co-signing your lease should have:
While there’s no guarantee you’ll get a loan, you can give yourself a better chance by finding the right lender. But that process can be a huge pain, with the potential to cost you time and money.
If you’d like help finding the perfect lender for you, try the Jerry app
. Jerry removes the hassle by giving you one app that instantly connects you with top companies to meet your financial needs. It can even help make sure you’re not overpaying for your car loan by helping you compare offers from multiple lenders to find your best option.