Wednesday, May 30, 2012
Login

Can I finance a used vehicle with unemployment compensation?

Can I finance a car without being employed while recieving unemployment? Is there a way around it?


1 Comment

  1. Let’s hope not. No respectable lender would make you a loan based on unemployment. Of course a shady used car dealer might if you don’t mind paying 25% interest or more. It is absurd to borrow money to finance a car when you don’t have a job. however If you desperately need a car for work then scrimp, sell something, do some odd jobs, and save up $500 to buy a clunker to drive until you get a job.