Getting an auto loan can be a great decision. Not only does it help you get enough funding for the vehicle you want, but it can give you a chance to build up your credit history if you're lacking some positive loan history. What you need in order to qualify for a car loan is a mix of different things.
The first thing you'll need is income. If you're unemployed it's going to be very difficult to convince a lender that you'll be able to repay them, because, how will you? If there is no evidence that you'll be able to make your monthly payments no lender will want to work with you.
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After your employment status a potential lender will check your credit report. They'll be looking at your score to see if they would like to lend to you. Your score is calculated based on the information in your credit history. Your history is made up of your past credit card payments, any accounts you have, or loans you've gotten in the past. If you have a good history of on time payments that will look good for you. If you have a negative history, with late payments, overdue accounts, high loan or card balances, or bankruptcy you will have a harder time because your score will be a lot lower. If you don't have any history at all this will also be a problem.
If you have a good history, that with your income will usually be plenty enough in order to qualify for a car loan.
If not you'll want to look at some ways to offset this problem. Having a good down payment for the vehicle will help show that you're serious and have been able to save up money recently, showing financial responsibility. If you know anyone with good credit who would be willing to cosign for you, like a parent, that would greatly raise your chances of finding a decent deal on financing.
The most important part of any financing application is a steady stream of income. Keep in mind that they want to lend to you, you just need to show them something from your history, or something about your current situation, that proves to them that you're likely to pay them back in order to qualify for a car loan.
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