Unemployed Auto Loans Used Cars Fort Lauderdale Florida

Unemployed Auto Loans Used Cars Fort Lauderdale Florida

The Autoblock offers low cost auto loans to persons that are unemployed in Fort Lauderdale Fl. If you are currently unemployed but seeking a quality used auto loan call one of our qualified loan specialist today at 954-764-7598 and see how we can help you.

It is never easy to qualify for an auto loan with no job in Fort Lauderdale. However, there may be certain circumstances under which The Autoblock might consider car loan applications of borrowers who are unemployed. We could be willing to provide auto finance loans to jobless applicants if they:

• Own a home or rent properties and their living conditions are excellent
• Have an excellent past loan repayment history with no payment defaults
• Are retired from job and currently drawing pension or government funds

• Stable monthly income
  If you have a stable and steady source of monthly income by way of Social Security, pensions, veteran benefits, interest payments, etc., your application will be considered by lenders despite your not having any employment.
• Good credit reputation
  Dealerships that provide car loans for unemployed do assess the applicant’s credit worthiness before deciding to approve his auto loan request. Hence, borrowers with an excellent credit past will have chances of qualifying for car finance. Still it is better if you can get the accuracy of credit report verified.
• Ability to pay down payment
  If you can pay a large down payment, your chances of getting an guaranteed approval for auto finance for unemployed will get greatly increased. Down payments reduce lender’s lending risks substantially.
• Credit worthy cosigner as an option
  Loan dealers also approve applications for unemployed car loans if borrowers get cosigners with good credit reputations to back their loans. This assures them of timely recovery of loan advances in the event of a monthly payment default.
• Stability of finances and residences
  People who have had a stable financial past and have been residing at a given residential address for the last 1 year will have a much better probability of getting qualified for a low income car loan. All such things, which appear to be unimportant, could help in gaining lender’s confidence.