Auto loan disapproved. Bummed.

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There was a nice car I was looking to buy. 1958 Rambler American. Good on gas, going for $3,500. I was denied because I'm unemployed. I'm unemployed due to a numerous list of diagnoses. Adjustment disorder, schizophrenia, depression, anti social disorder, suicidal tendencies, among many others. I did numerous odd jobs in high school, most of which I was told not to return to. I was in the behavioral health center today, filling out papers for my recent move, and the lady helping me out said that there's a group who meets at the center once a week. But I'm not into the things they do. Bowling, swimming, fishing, movies, etc. I'm just bummed today, looking for someone to talk to. I'm getting ready for sleep, so hopefully I'll have some warm messages when I wake up. I've recently been getting into skype, which is fun. My skype ID is drpprd1

Well, nobody is gonna loan you money for a 60 year old car, sad to say. (Unless you're in Cuba.) There are plenty of good cars out there for much less. A 1980s Toyota can get 37 MPG and for less than $1500. Broaden your horizons. Old cars are "cool" but if you just need transportation, you may want to put your desire for a head turning car on the back burner and buy something basic. If you can find an old Toyota made in Japan (pre-1984 Corolla, for example) they often can be had for only a few hundred bucks and will go forever. The old school Japanese made Datsuns are the same way.

Sorry you've had a bad day, but DUH!! ! When people make loans they have a right to be paid back, so they also have a right to refuse loans to people who have no means of paying back the loan. No job = no income = no $ to pay back a loan.

I'd like to live in a nice house,--not a mansion, just a nice house. Instead I live in a run-down trailer, but I appreciate what I have. It's way better than any living situations I ever had before because I am able to live alone, which is best for me. I also pay a discounted rent rate out of my SSI benefits, because I am renting the trailer from my parents, who are giving me a price break on the rent. My trailer has 2 bedrooms, living room, eat-in-kit, full bath, laundry alcove, and porch. If I were to pay the same amount to strangers that I pay my parents, I would be lucky to get a single room in someone's house with shared bath, and maybe, or maybe not, shared use of the kitchen.

There is no way a bank will loan me money to buy a better place, as I am disabled and living on SSI, but at least I have a decent roof over my head, and can live alone. Living with relatives was way too stressful.

Your expectation of being able to get a car loan with no income is unrealistic. Adjust your expectations to reality, and appreciate what you have. If you have any kind of cash benefits, or can get some help from family or friends, consider getting a good used bike or moped. Back when I was still able to work, I occasionally had to bike to different jobs I had, when the car was on breakdown holiday, and I didn't have enough money to get it fixed. I also had to bike to other places at those times, or take the public buses, or walk. Unfortunately, my knees are too bad now for me to ride bikes or walk anywhere, but at least I was able to do that back then. You are still able to take advantage of those alternative forms of transportation, so do so, and appreciate being able to do that.

Now, get real, and get a bike, and remember, biking is good for your health, too.

I am sorry to hear that, but it's true. You have to repay a loan based on fixed terms. If you have no income, how can you repay a loan? Do you get any SSDI or anything? That would count as income.

Sweet Pea hugs

Oh, sorry about your car loan. Maybe you could get a p/t job and then save up. Then you could find something - vintage cars are cool. Sorry you've had a rough go otherwise. It will get better. A car could be a good motivator.

It's generally impossible to get a loan without a job. That being said, I wonder if you have ever had any experience with owning a vintage car? They are fairly high maintenance and you had better know how to do it yourself. Plus, you also need to know where to get parts from too. While AMC (maker of Rambler ) may well have used this car's basic mechanics all the way until 1963, that was a long time ago. I am an AMC guy and let me tell you, parts are damn near impossible to come by sometimes! If you want to own something like that, you had better have a newer car with good parts availability and reliability to drive as it will sometimes take months to find certain parts to keep a 50+ year old car from a defunct company on the road.