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Can my wife use my income for her own car loan?
My wife wants to get a car loan, but she's a stay-at-home mom. Can she list my income to get the loan?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“While you undoubtedly share bank accounts and other financial assets, your wife cannot list your income for a
car loan
.That said, you could apply for a loan as co-borrowers. To do this, you need to have a steady income and a good credit score, and both your and your wife’s credit score will increase over time. It’s important to research which banks will permit these loans, as not all institutions will provide this option.
Once you’ve secured a loan, you’re going to need the right car insurance to protect your investment.
To get the right insurance for you and your family, use the
Jerry
app. In just a few minutes, Jerry will provide you quotes from up to 50 insurers so you can compare prices and find the best insurance for you. Better yet, Jerry users save around $900 per year.”View full answer
- Gregory R.
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