- Banks seem only to give loans to buy a car if the buyer has a SSN (Social Security Number)
- Taking a car loan helps to establish the infamous 'Credit Score', in case you plan to take bigger loans in the long run (e.g. to buy a house)
- There are two main sources for car loans:
- Dealership: ask your car dealer
- Banks: start with asking the bank managing your salary account, because they know your financial situation, although you might not have a credit score yet
- More on howstuffworks.com - How Car Financing Works
Image by Robert S. Donovan via Flickr
