LET’S TALK MONEY: Car loans without income | Company

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Hi Taylor: I need to buy a car but currently have no income (work will come once I have wheels). I have very good credit and am wondering if I can do this job without getting ripped off by the lender.

Hi Jason: It sounds like a tale as old as time. You can’t work without a car, but lenders don’t want to give money to someone who isn’t already working. It can be done, and good credit is important, but you should make sure to explore all options before taking out a loan.

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Taylor Kovar is CEO of Kovar Capital. Learn more about him at GoFarWithKovar.com.

The information presented is for educational purposes only and does not constitute an offer or solicitation to sell or buy any specific securities, investments or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult a qualified financial advisor and/or tax professional before implementing any strategy described here. Past performance is not indicative of future performance.

To submit a question to be answered in this column, please email it to [email protected]or by regular mail to Lessons on Wealth, 106 E. Lufkin Ave., Lufkin, TX 75901.

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