I have a working visa and a social security. My brother co-signed for me. Credit history was not a problem but I was denied until I am able to obtain my permanent residency. Is this true? So- does this mean I have to wait for 3 years until my green card has been approved? Does this applies to all dealers? This is one of the famous Japanese cars---and best selling cars in the US.
I asked if I can buy a preowned car and payable in 3 years if they're scared of me going home after 3 years- but they still can't approve with a work visa status only...
Thanks a million
2007-02-20 13:45:09 · 6 answers · asked by JKZ 1 in Politics & Government ➔ Immigration
Thank you so much for some of you who gave me an insight on what to do. My brother thought about personal loan and credit union but both have high interest. I will try to visit other dealers and see how will they take it new or preowned. Thank you.
2007-02-20 14:52:27 · update #1
That's dealer policy. go to another dealer selling the same car and they very well might sell it to you.
I don't know why the do that, it's probalby an insurance thing.
2007-02-20 13:49:12 · answer #1 · answered by The Big Box 6 · 0⤊ 3⤋
I guess the only way would be for your brother to borrow the money as a personal loan, and lend it to you.
When I lived in Spain, with my excellent credit rating, having had credit cards for decades, I was not able to get a credit card with a Spanish store (I wanted it so I could get free parking!) I actually tried it with two different companies. They both said I had to be a Spanish citizen.
2007-02-20 13:50:31 · answer #2 · answered by Mr Ed 7 · 1⤊ 2⤋
It sounds like you weren't denied the chance to buy a car, but denied the financing for it.
If you're working and your brother is working, go to your bank and credit union and check into car loans. You can be turned down for credit for any reason except racial discrimination.
2007-02-20 13:49:42 · answer #3 · answered by Mama Gretch 6 · 0⤊ 2⤋
until you are a permanent resident the bank that loans that money has no way to assure you will remain in the country long enough to pay off the loan
2007-02-20 13:49:52 · answer #4 · answered by belladona317 2 · 3⤊ 0⤋
Not all agencies will deny you, but you might want to give a larger down payment so the financial risk is lowered. Go to: http://www.carbuyingtips.com/ this has the best information on buying a car... whether its new or pre-owned. Good luck!
2007-02-20 14:22:22 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Get loan from bank first, go to dealer second. You also get better rates this way.
2007-02-20 15:03:50 · answer #6 · answered by Kasey C 7 · 0⤊ 2⤋