# Car loans **URL:** \ **Category:** Money Management\ **Created:** [February 5, 2020, 7:08am UTC](https://community.thepennyhoarder.com/t/car-loans/960 "2020-02-05T07:08:02Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![jennifer.thurs](https://sea1.discourse-cdn.com/flex015/user_avatar/community.thepennyhoarder.com/jennifer.thurs/32/1146_2.png) [@jennifer.thurs](https://community.thepennyhoarder.com/u/jennifer.thurs)\ **Post date:** [February 5, 2020, 7:08am UTC](https://community.thepennyhoarder.com/t/car-loans/960/1 "2020-02-05T07:08:02Z")
So my car loan is keeping me from getting a mortgage. My debt to income ratio is too high. I tried getting a small loan for a mobile home and was denied. I dont think I will ever get my own place. Might be stuck in an apartment the rest of my life. ---
**Author:** ![ginah](https://avatars.discourse-cdn.com/v4/letter/g/C8B4FF/32.png) [@ginah](https://community.thepennyhoarder.com/u/ginah)\ **Post date:** [February 5, 2020, 10:55am UTC](https://community.thepennyhoarder.com/t/car-loans/960/2 "2020-02-05T10:55:09Z")
How much longer do you have to pay on your car? Can you get a 2nd job or side gig to pay it off faster? Can you sell the car and buy a very inexpensive one to get you through the mortgage process? ---
**Author:** ![triplea87](https://sea1.discourse-cdn.com/flex015/user_avatar/community.thepennyhoarder.com/triplea87/32/7921_2.png) [@triplea87](https://community.thepennyhoarder.com/u/triplea87)\ **Post date:** [February 5, 2020, 1:59pm UTC](https://community.thepennyhoarder.com/t/car-loans/960/3 "2020-02-05T13:59:01Z")
Happy to help if there is a particular question here. How long is the car loan from being paid off? How much are the car payments in relation to your income? There are probably a lot of different avenues that can be taken, try not to let the circumstances define your possible courses of action! There is always a way! ---
**Author:** ![jennifer.thurs](https://sea1.discourse-cdn.com/flex015/user_avatar/community.thepennyhoarder.com/jennifer.thurs/32/1146_2.png) [@jennifer.thurs](https://community.thepennyhoarder.com/u/jennifer.thurs)\ **Post date:** [February 6, 2020, 4:54am UTC](https://community.thepennyhoarder.com/t/car-loans/960/4 "2020-02-06T04:54:15Z")
I bought the car last year. I traded in the car I had which only had 2 yrs to pay off, on a better newer model. So I have a bigger payment and its 6 yrs. The problem is i make a big chunk of my income in tips and its not on my taxes so the banks wont consider it with my income. ---
**Author:** ![leslie.kay](https://sea1.discourse-cdn.com/flex015/user_avatar/community.thepennyhoarder.com/leslie.kay/32/1427_2.png) [@leslie.kay](https://community.thepennyhoarder.com/u/leslie.kay)\ **Post date:** [May 10, 2020, 10:21am UTC](https://community.thepennyhoarder.com/t/car-loans/960/5 "2020-05-10T10:21:59Z")
Yes that causes problems for me as well. I can’t prove thousands of dollars monthly off of tips. No one will recognize them. Then we’ve been shut down and it looks like I am not missing income but I can feel it. It is real money to me. All you can do is pay down the loan faster or pick up another job with w-2’s. Most loans won’t acknowledge a 3rd source of income either. I keep multiple jobs going at the same time. And I have found that they won’t recognize anything past primary and secondary.