PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How can you finance a car with no job?
Is there any way to finance a car with no job? I lost my job so I'd like to refinance my car. I'm afraid I'm ineligible because I'm unemployed.
Joshua Levy · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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:
- A strong credit history
- Steady employment
- A permanent address
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.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies