Posted by: mysticboy September 7, 2008
Auto loan for F1 Visa holders
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Here is my story. I tried capitalone.com and they approved me 36K for 10.45 APR. Then with their blank check, I went to the car dealer. The dealer offered me a lower interest rate through a local bank, and I finally got a car for 7.45 APR, 63 months terms, a total of 28K value with interest inclusive.

They dont even ask you about your status. But, I was already working on CPT, so I could show them my job.

If you are going for a new car, it's worth taking the GAP insurance that dealer offer. For old cars, although good idea to have one, you can deny their GAP insurance offer.
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