Quote:
Originally Posted by BlaineWasHere
Also, for the OP, I'm not sure someone who hasn't even had credit for a year should be buying a brand new car.... Unless you have $10-15K for a down payment.
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I'm an example of someone who falls into this category and I'm perfectly comfortable saying that I should be buying a brand new car.
Why? I'm a new immigrant to the US. My SSN is only several months old -- since November, in fact -- and I've only got my two new credit card appearing on my report. On the other hand, I'm trading in a 2008 STI and have a generous Bay-area IT salary.
I really wish that I could find a lender willing to use my Canadian credit rating as a basis for a loan. Unfortunately, the only lender willing to do that (BoA) also refuses to offer a loan to someone on a work visa.
Sigh.