Quote:
Originally Posted by jipstyle
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.
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That's not the same at all. You've had credit elsewhere and although it isn't honored here you have experience with it.
Is your STi paid off? If so you could just save until you have cash on the trade to pay in full. STi should have plenty of value still.