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Can I get a car loan approved if I only have a job offer letter?
I've been unemployed for over a year, but I just found a new job. Can I get a car loan if I only have a job offer letter?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You probably won’t be able to get a car loan with just the offer letter, as it doesn’t prove that you’re being paid or you’ve accepted the job.
After a few pay periods, you should be able to use those pay stubs, along with a letter of documentation from your employer, to prove your income.
You might also want to think about if you actually need a new car. You’ve been unemployed for a while; don’t hop immediately into debt if you can avoid it.
It can help to make sure you’re saving where you can until your finances become more stable. One way to do this is to make sure you’re getting the best deal on your
car insurance
. You can get the best deal on your car insurance using the
Jerry
app. With Jerry, you can compare 50+ insurers to make sure you’re getting the coverage you want for the best deal. Our users save an average of $879 a year.View full answer
- Gregory R.
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