Can I get a car loan while unemployed, but with good credit?
Even with excellent credit, it may still be hard to convince a bank to lend you money without a job and also with the new debt you’ve recently added for the grad school program. What you may want to do is take some of the cash from the $20,000 in living expenses and get a cheaper, older, used car to carry you through this grad school program and then upgrade once you’ve landed the great job you’ll get once you finish school. Most people find it very difficult to budget money when they get it in large lump sums versus when they get it in a regular pay check. The fewer regular scheduled monthly bills you have while you’re not working, the better off you’ll be. Good luck with school.
