Car loan

Hey Guys,

I`ve just completed my PhD,and have been traveling around south america for the summer. I`m due to start a job in September earning around 40k.

Now I need to buy a car in August and am looking to borrow around 9000.

However, despite the fact that I`m in no dept, I have little or no savings. Would I be able to get a loan in August, or will I have to wait a few months until I have an amount of cash saved?

Thanks,
P

Usually lenders will look at your recent income track record. Normally they would look for ongoing income streams which usually means full time employment. I would be surprised if many (any?) would advance a loan in a situation in which you had no savings and no income at the time of application. I reckon you will have to wait. Maybe the CU might be more flexible even if they may not be the most competitive?