AllExperts > Tips on Buying Cars 
Search      
Tips on Buying Cars
Volunteer
Answers to thousands of questions
 Home · More Tips on Buying Cars Questions · Answer Library  · Encyclopedia ·
More Tips on Buying Cars Answers
Question Library

Ask a question about Tips on Buying Cars
Volunteer
Experts of the Month
Expert Login

Awards

About Us
Tell friends
Link to Us
Disclaimer

 
 
 
 
About Danny
Expertise
I can help you with negotiating,walking you through the process so you feel in control,keep you one step ahead of the sales,help you with the financing,to lease or buy and should you buy new or pre-owned.

Experience
I have 18 years of upper mgmt, I've been a finance director,new car director,used car director,general sales manager for stores that sold a 1000 new and used cars a month. I have extensive experience with special financing needs. I know,domestics,imports and highline automobiles

Education/Credentials
Ford Blue Oval,Dealership,accounting,service,parts and GM trng.

Awards and Honors
Ford Blue Oval, 300/500 Club, BMW certified, Nissan certified.

 
   

You are here:  Experts > Autos > Tips on Buying Cars > Tips on Buying Cars > how buy a new car if have no income

Tips on Buying Cars - how buy a new car if have no income


Expert: Danny - 10/5/2009

Question
I am semi-retired/retired (not getting social security yet) and will need to buy a new car before long. How does someone with no income purchase a new vehicle, even if they can afford it? If my credit is good, is that enough or do I somehow need to prove I have enough in the bank (or investments in my case) to make the payments? I'd probably want to finance at least $10,000. Thanks

Answer
Hello Lee, I see this quite a bit. On the application where it ask for job you put the place you retired from and how many years you were there, if you receive retirement money from them put it in the income part. Under "Other Income" put your investment income but be prepared if asked to prove it. From what you have told me you should be just fine. Good Luck

Add to this Answer   Ask a Question


 
User Agreement | Privacy Policy | Kids' Privacy Policy | Help
Copyright  © 2008 About, Inc. AllExperts, AllExperts.com, and About.com are registered trademarks of About, Inc. All rights reserved.