Buying A Car On Social Security Disability ✓

: You are allowed to own one vehicle of any value without it counting toward your resource limit, provided it is used for transportation for you or someone in your household.

: If you own more than one car, the equity value (market value minus any loans) of the second vehicle usually counts as a resource, which could disqualify you from benefits. buying a car on social security disability

Buying a Car While on Social Security Disability Yes, you can buy and own a car while receiving Social Security disability benefits. However, the rules regarding how car ownership affects your monthly payments depend entirely on whether you receive or Social Security Disability Insurance (SSDI) . 1. Understanding the Rules by Benefit Type : You are allowed to own one vehicle

: SSDI is based on your work history, not your financial assets. There are no asset limits , meaning you can own as many vehicles as you want, and their value will not affect your benefits. However, the rules regarding how car ownership affects

: SSI is a needs-based program with strict resource limits ($2,000 for individuals; $3,000 for couples).