Jobs are not made equal. In fact, while some toil away at their office jobs, some choose to work from the comforts of their home or through part-time gigs where they will be given the freedom to decide what to do next.
Now, as someone working from gig to gig without a stable income, one of the biggest challenges you will face is getting approved for a car loan. After all, most companies will think twice about approving your application especially when they see that you do not have a steady income.
For now, the possibility of your loan getting declined is high. That’s because lenders want to be sure that their borrowers can afford the repayment for the amount owed.
With that said, your next best bet is a car lease.
Why get a car lease?
If you only need a car to get to places without resorting to public transport. Not to mention it is a lot easier for part-timers to get approved for one. Here are a few ways you can do just that:
Find a car lease company
After you have decided for yourself that you are ready to take on the responsibility of leasing a car, the first thing you need to do is find a reputable car lease company like Alpha Finance, that you will be willing to work with.
Negotiate a payment structure
Once you’ve selected a company to work with, talk to the dealer about payment structure and how much you will be able to pay for each due date.
Companies are often willing to talk about how much and when you can make these payments. Payment methods can also be discussed here. Car lease companies will typically accept credit and debit card payments, cash and even cheques. Choose the one that will work best for you.
Make sure to stick to the contract
You will be given a contract to review, and the dealer will also go over it with you. Here, they will discuss the different parts of the agreement and what you can and cannot do with the vehicle while it is in your care.
It is essential to follow the contract and its limitations to avoid paying hefty fees and more.
Choose to buy or return the car at the end of the contract
After three to five years, depending on your contract, you will then be given a choice to either return the car and upgrade to a new one or buy it from the dealer.
In just a few years at low instalments, you will be able to have a car to call your own. The best part is that you didn’t have to deal with banks and other lenders questioning you on your income.
Getting a car lease is a lot easier compared to trying for a car loan. All you need is the right amount of paperwork and a downpayment, and you’ll soon be driving off into the sunset in your new car.