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Auto loan for New job

Need an auto loan to get to a new job in Brantford?

Posted by on Feb 05, 2021 - Archived under Uncategorized

Did you know you can get a car loan after being in your role as little as 24 hours? Not many people know that. It was brought to our attention the other day with an auto loan enquiry from someone who needed a car to get to work.

They had previously taken the bus to their old job so didn’t need a car. Their new job was outside the city so a car was needed. The customer didn’t have enough savings to buy a car outright so wondered if they could qualify for a loan even though they had only just started their new job.

They could and they did.

We helped them secure a great deal on a car loan, found them a fantastic new car and walked them through the entire process.

We could do the same for you!

 

Auto loans and employment

 

There is no doubt that it is easier to get a car loan if you have been in your job a long time. Anything over a year and lenders have no worries about your job as everything seems stable.

However, we also work with lenders who will provide auto loans at great rates even if you have only had your job a day.

They appreciate that the world has changed beyond all measure. That there is no such thing as a job for life anymore and that people often need a little financial help when in less than perfect circumstances.

 

Applying for an auto loan with a new job

 

As long as you have an official offer letter or preferably, your contract of employment that states you’re full time or permanent and has your salary listed, you can apply for an auto loan.

You will need supplementary paperwork as you would with any auto loan. Proof of identity, of residence, of savings and of any income. You will typically need 3 months’ worth of bank statements to prove income and affordability but we can work with less.

Once you have all that, we can help you apply for an auto loan.

Our range of lenders includes many who have no trouble offering auto loans on the basis of a new contract or employment offer letter.

As long as everything else is in order and you have a sufficient credit score for the amount of loan and pass affordability tests, you’re good to go.

One of the benefits of working with auto loan experts is that we have access to lenders many mainstream borrowers do not. That widens the potential pool of loans you can get and keeps the market competitive.

If you just started a new job and need an auto loan, we can help.

For those of you who know that you have a challenging credit situation, please visit Dixie Auto Loans where we have a team of credit specialists ready to help you get approved for a car loan today!

Let’s get in touch! 

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