Dealer Financing

turksman

New member
Mar 14, 2005
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Hi Guys. Do dealers offer in-house financing on vehicles?
And what if you can pay half down in cash?
Being new to the country and having no established credit is this something that they still can offer?
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
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Most dealers here make their $$$ by financing...at 2.5-3% per month.
 

turksman

New member
Mar 14, 2005
139
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0
Most dealers here make their $$$ by financing...at 2.5-3% per month.
Wow good to know. But is there anything other than the downpayment and my ID (passport) I have to produce? And will I be able to take the vehicle an use it while I make the payments?
 
Last edited:
Feb 7, 2007
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You will need a (Dominican) guarantor, or at last two reputable Dominican references. You may also be required to produce your real estate lease contract, or if you own, a copy of the title (that's so they know immediately where to go film next episode of Operacion Repo). JK :)
 

turksman

New member
Mar 14, 2005
139
0
0
You will need a (Dominican) guarantor, or at last two reputable Dominican references. You may also be required to produce your real estate lease contract, or if you own, a copy of the title (that's so they know immediately where to go film next episode of Operacion Repo). JK :)
Would you still need a guarantor and all the other things if to finance was 35000us and you were going to pay it in 5 installments?
 

mido

Bronze
May 18, 2002
1,522
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Would you still need a guarantor and all the other things if to finance was 35000us and you were going to pay it in 5 installments?
I would rent a car for the 5 months, the interest alone will pay for it.