IS IT POSSIBLE TO BUY A CAR ON CREDIT BEFORE GETTING SSN AND PAYING HIGH INTEREST OR IS IT BETTER TO WAIT A FEW MONTHS AND APPLY FOR A LOAN ALREADY WITH SSN?

FAQ: Does it make sense to buy a car on credit before getting an SSN and pay a high interest rate, or is it better to wait a few months and apply for a loan already with SSN?

Our answer:

- Definitely it makes sense to take a loan or lease even without SSN!

Exception:

1. You do not pay monthly for car/taxi rental while waiting for SSN and building several years of credit history without a car loan.

2. You have a guarantor who will get a lease on your vehicle with you, after you receive the SSN. And you do not pay monthly car/taxi rental fees while you are waiting for your SSN.