How long do I have to work for an auto loan?

How long do I have to work for an auto loan?





In other words how long must I work at the new job before I can qualify for an auto loan.

How long do I have to work for an auto loan?
It depends. Some banks will say if you have a job you can get financing (though you will probably pay more for the loan). Others may say 6 months, some may say 2 years. It varies depending on the lender.





I used to work for a bank that was VERY strict with its lending. That bank wanted to see somebody at the same job for 2 years. If they recently switched jobs, then they should have been at their previous job for 2 years. If you didn't fit that either, then you had to show that they have been in the same field for the 2 previous consecutive years. If they couldn't get that, then they needed a co-signor.





The best thing to do is shop around. I have found that many small banks and credit unions will generally (not always) cut you the most slack. But each bank has a different policy regarding length of employment.





I would get a copy of your credit report with your credit score. This should cost you no more than $30, if you get all three. Call up a number of banks (or go to their website, but don't go a site like bankrate.com, as their rates are not always acurate) just to get their current rate (this gives you an idea as to what ideal rate and fees you should be looking at). Then go into as many banks as you can find (don't call them up), show them your credit report and tell them your situation. They would let you know if it is even worth it to apply for a loan. If you do apply, they will still pull your credit, even if you showed them a copy of it.





Hope that answers your question.
Reply:start with a secured credit card (meaning you have funds at you bank to cover your purchases)


then get a mail order (secured for a specific catalouge) card.


then get a gasoline credit card


Make tiny purchases and repay them each month.


Work at your present job while making the above happen.


You will then be on all three credit data bases
Reply:I believe it's a minimum of 6 months, but you can also try to get information from any auto loan company that you may be interested in. BUT PLEASE MAKE SURE YOU READ EVERYTHING BEFORE YOU SIGN. SO GO WHEN YOU HAVE TIME.