Tips on Buying Cars: how buy a new car if have no income, retirement money, investment income

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