"Can I get a car loan if I am a temporary H1B worker? "

"I recently graduated college with a bachelor’s degree and was offered a job in the U.S. under the H1B Visa program. I am already in the country and have found that I will need to buy a new car for my commute. Can I get a car loan?"

“Car loans are open for H1B visa holders. There are even lenders who specialize in offering these loans. However, you will also need to have an established credit before applying or you may end up with an unaffordable interest rate.
You should first apply for a secured credit card and take a few years to build your credit up. This will get you a better rate and give you time to save up cash for a down payment.
Also keep in mind that when budgeting for a vehicle, you will also need to get insurance. You can find good deals by using a smart comparison tool like Jerry to help you find the best rates.”
Johnny Puckett
Answered on Jul 26, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

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