I am a Canadian citizen starting work in the USA under a F1 OPT extension (one year). After the OPT extension is up, I'll probably be seeking an H1-B visa.
I'm looking for an auto loan. I have a decent US credit record. An online application with a big bank was insta-rejected due to my non-permanent status.
Advice I have seen online:
- Ask the dealer for help, they will know all the local lenders and might know which one will deal with non-permanent residents.
- Apply for the loan with a US citizen (presumably someone with whom you have a long-term relationship).
- Don't worry about it, lenders care about work history and credit score, not citizenship (this advice seems to be not universally true, as I have found).
I've heard that getting a loan offer independently from the car dealer is an advantage in negotiating. Let's assume I don't want to co-apply with a US citizen. And I don't want to try a dozen online loan applications, because all those applications will bring down my credit score.
Are there lenders who have a reliable track record of extending auto loans to non-permanent residents?