Our vehicle went kaput for the last time this week...so we need a new one. Problem: I don't have enough cash to buy what we need outright, so I need to finance something. I see that AAA auto does financing for foreigners, but my czech friends tell me they are the worst for odometer rollbacks etc. Of course, everything with a grain of salt.... But in any case, does anybody know of what other dealerships/companies will do financing for foreigners? Preferably with online listings. Anyone I should stay away from? Thanks all.
doesn't answer your question i know but you can get a decent car here for say 70.000 to 80.000kc that you would expect to last several years..
yes, i know....but i need a 9 passenger van, which is a bit more costly for something reliable
how foreign are you? Do you have a residents permit? If so everyone will lend you money,try GE Money bank true, like all banks they will rip you off. Try CAC and SKOFIN for used Renault Traffic or Transporter. If you are in Prague west look at the VW dealer for used vans as they often have a good selection with guarentees I will say I bought a used Transporter from AAA and have not had any unexpected problems with it. I had it financed through Santandar and I do regret that.
They are missionaries, as I remember, with US insurance, so I guess no residence permit as such?? , so I would guess if that status is still valid, no-one will give you any credit.
Assuming the interior ministry finishes with our applications sometime soon, we should have dlouhodoby pobyt for the next 2 years.
hmmm, im not sure if that would be enough, 2 years, best to walk in a dealer and ask.
You can get a car loan as a foreigner with a 1 or 2 year visa.
aha- there you go, so first step would be to get a visa :-)
Dear Rev That visa is enough Be prepared to provide some sort of financial info...tax returns or bank statement. Please note... most car loan companies are charging twice the rates that banks do...please shop around. Also...VERY IMPORTANT...dealers are getting giant commissions from the loan companies...any where from 9% to 23% This is a soft market...definitely hammer the rates down...the dealers will give in. Maybe AAA wont give you much, because they are making so many sales...but at least they write in the contract the odometers are correct and they guarantee the cars for one year. Last note...in used car market dealers make...on average...10,000kc to 30,000kc profit on each car and 40,000kc to 60,000kc profit on each van/dodavka Of all the loan companies that I know of in the market SkoFin has lowest rates
Thanks for the tips Sid, quite helpful