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F1 visa can get auto loan ?

Valued Member

F1 visa can get auto loan ?

Hi,

 

I am looking for a new car but i have trouble with dealer in term of apply for financing a car.

I am a full time job and is in F1-Opt visa ( transition to H1b). Can we get auto loan to buy a car from lender ? I know that Honda doesn't let F1 visa customer to finance buy a car. 

Which bank or any lender to let you finance a car with f1 visa ?


Thanks,

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2 REPLIES
Established Member

Re: F1 visa can get auto loan ?

Since you have a student visa it is possibly a reach for a Car Dealer to consider you for a Loan. Once your H1 status kicks in you may be in with a better chance. Obviously you have no Credit History on file. Join a  Credit Union and once you are working in H1 status talk to them.

Message 2 of 3
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Established Contributor

Re: F1 visa can get auto loan ?

Toyota gives auto loans to people on OPTs. One of my colleague got a approved for a new Camry loan with 3K down this past Thanksgiving.

Message 3 of 3