Car loan without permanent residence?

[Mr Doricar]

[Mr Doricar]

Alternatively...If anyone can reccomend a non-car loan. i.e. just a cash loan for spending on whatever you like, then Ill just buy the car myself from the auctions. This would be my number 1 choice as Im sure that Id be able to beat any car shops price on any car.

[FG Lurker]

[quote="Mr Doricar"]After that I got the aaaah gomen nasai.

Anyone have any experience with this? I cant let my dreams die.....NEED M3 NEED M3 NEED 2.5 mil ]
I needed a guarantor for my first car loan as I wasn't a permanent resident. Second time 'round I had PR and no guarantor was required.

So, you can probably get a loan if you can get a guarantor. If not then it'll be an uphill battle I would guess. You probably want to avoid cash loans as the interest rates will be insane -- 25% or more.

[wuchan]

Ya, you usually need a cosigner if you don't have PR (even on a spouse visa). The ONLY way around it is if you have more than 5 million yen in the bank and make more than 10 million yen a year.

Can't Ms. Doricar or maybe even her pops hanko the application? If I don't have the cash, the item/loan goes under Ms. Wu.


Funny story, I recently went to the police station to have them try to probe my personal life over a speeding ticket. Since all the property in japan is under the missus name I technically don't have shit, just 6 man in the bank. This confused the cops quite a bit. They were perplexed by the number of recent stamps in my passport. I told them that I saved a lot of money in my home country before coming here and properly invested it. This pissed them off. They said "We CAN charge you with tax blah blah and deport you". I laughed and said "go ahead". In the end, five cops were lined up to say sorry as I walked out the door. Still have to pay a huge speeding fine tho.

[matsuki]

I just ran into this wall...

Truck I want is about 140man, I faxed over the usual documents as well as a bank statement showing I have about 270man sitting in my savings account and documentation on my mountain land showing the previous sale price was over 1,000man. No bueno. "No PR, no loan. Nothing else matters." More than a few J-friends of mine are willing to be hoshonin but the dealer's loan agency flow chart seems to be stuck at the PR issue. (it is about time for me to apply but no way I'd get one in time for this specific vehicle)

Am I SOL as far as loans go or is it possible to use your bank or another loan company that doesn't have the PR clause? (if so, any suggestions?) The truck I found is quite a steal, has almost the entire 2 years of shakken left, and so naturally, they've already got 2 other buyers wanting to buy it. Most of the money in that account is for my company use but I could swing 140man for a few months before I'd risk coming to a cash flow issue. Would getting some sort of loan for it after paying cash be unpossible? If so, what about having a friend purchase it and then getting a loan to "buy" it from them? (at which point, it might just be easier to have my friend get a loan in their name)

[Mike Oxlong]

Around the bases here they have no down payment, no credit check financing for military sorts. AK Kogyo. Might be something like that in your neck of the woods.

[Taro Toporific]

I...If so, what about having a friend purchase it and then getting a loan to "buy" it from them? (at which point, it might just be easier to have my friend get a loan in their name)

Yep. It sucks, but that's just the way it is.
To Japanese banks, used vehicles are a poor risk and gaijin are a poorer risk.
Just have a friend buy it.

If the vehicle was new, a PR visa would not be necessary. Most sellers of new vehicles (Nissan, Toyota, Yanase, and BWM in my personal experience over the years) are more than happy to sell new cars to higher-income gaijin without a PR visa.

[Coligny]

HOLY SHIT !!!!! Doricar is still active... and around Alpine Renault J-Crowd. Alpine A310 Calberson at 2:10

I'll be in my bunk...

[matsuki]

Around the bases here they have no down payment, no credit check financing for military sorts. AK Kogyo. Might be something like that in your neck of the woods.

Good suggestion...even without military service, I have a Navy First Federal account and have some access to those sorts of services. Not sure what applies over here but can't hurt to ask as I'm sure not the first.

I...If so, what about having a friend purchase it and then getting a loan to "buy" it from them? (at which point, it might just be easier to have my friend get a loan in their name)

Yep. It sucks, but that's just the way it is.
To Japanese banks, used vehicles are a poor risk and gaijin are a poorer risk.
Just have a friend buy it.

I can understand that....but not when it's easy to make it a secured loan, the buyer has good credit and is willing to throw down whatever atamakin is necessary. I guess worse case scenario is I pay cash and take out a new US 0% rate card for a year.

If the vehicle was new, a PR visa would not be necessary. Most sellers of new vehicles (Nissan, Toyota, Yanase, and BWM in my personal experience over the years) are more than happy to sell new cars to higher-income gaijin without a PR visa.

Yeah, I've been with a few friends to dealerships (translation) and they were certainly not turned away. The odd thing is the dealership I deal with most often was always saying used car loans would be easier for them to get handled for someone like me?? (that was assuming I purchase from them)

[wuchan]

I just ran into this wall...

Truck I want is about 140man, have about 270man sitting in my savings account

One thing the locals are quite good at is math. Risk v rewardtard : you don't need a loan.

[Russell]

Matsuki, given that you need quite some cash to build you cabin in the woods, is it a wise decision to buy a car while your old car is still fine?

Just askin'...

[legion]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

[wuchan]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

He has almost double the cash in his account. No Japanese bank will give him a loan.

[yanpa]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

WWJD? (J = Jeremy).

But yeah, borrowing money for a depreciating asset? If there's some arbitrage involved (loan at a lower rate than interest available for the available cash) go for it. Otherwise, no idea.

[matsuki]

Matsuki, given that you need quite some cash to build you cabin in the woods, is it a wise decision to buy a car while your old car is still fine?

Just askin'...

If I keep the old car on the road, it will likely hit 200,000km this winter. I don't drive it hard but very far and pretty much daily...and that factory over-bored engine in it is not bulletproof. It already burns enough oil between changes to trip the oil light. Wanting to avoid the inevitable use of the roadside assistance, loss in time and whatever money I can get for it now. (was offered 20man for it several years ago, probably get about half that now.) Everything seems sound at the moment but at this much mileage, it's rolling the dice as to what and when something will fail. The other issues that are forcing my hand are things like needing to replace the snow tires, upcoming registration, etc. Basically, sell it now for 10man or hold out and likely end up losing out on that and sinking twice as much in that I'll never see again.

Cabin is more of a pay as you progress thing, no loans thus far and spent more on tools than supplies thus far...but that will change next year when I have to buy rebar, concrete, and then all the roofing goodness and windows. (hence why I am wanting to pay off the vehicle over a year or two rather than everything up front) I still have a few more weekends of logging before that.

[Coligny]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

WWJD? (J = Jeremy).

But yeah, borrowing money for a depreciating asset? .

Sooo you bought your house cash on hands...

[matsuki]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

WWJD? (J = Jeremy).

But yeah, borrowing money for a depreciating asset? .

Sooo you bought your house cash on hands...

Don't be silly Coligny, in the real world homes don't depreciate...oh wait...

[legion]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

WWJD? (J = Jeremy).

But yeah, borrowing money for a depreciating asset? .

Sooo you bought your house cash on hands...

Don't be silly Coligny, in the real world homes don't depreciate...oh wait...

Some people buy houses, some people buy homes.

[Coligny]

I want an aircraft carrier...

[yanpa]

Just buy a cheaper car. Money down, the end.

You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

WWJD? (J = Jeremy).

But yeah, borrowing money for a depreciating asset? .

Sooo you bought your house cash on hands...

Don't be silly Coligny, in the real world homes don't depreciate...oh wait...

Some people buy houses, some people buy homes.

It even came with double-glazing on all windows, even the teensy one in the downstairs toilet. Fridge is magically restocked with condiments at regular intervals too. Ain't Silicon Valley, but ain't the Big T either.

[Coligny]

FUCK YOU...

a really cold fuck you... I need moar tauntaun to keep warm tonight...

[yanpa]

Tauntaun? Does he have a dog called Snowy?

[kurogane]

I just ran into this wall...
Truck I want is about 140man, have about 270man sitting in my savings account

One thing the locals are quite good at is math. Risk v rewardtard : you don't need a loan.

The actuarial calcumacations aside the gut reaction would be the same. Being credit averse I get it, though I get there is a point to using a loan rather than paying out the cash.
Which brings us to.........oh, late to the game...................

Just buy a cheaper car. Money down, the end.
You take out a loan you are subsidizing the inefficiency of the current "capitalist" model.

Ssssh. You are exposing the lacunae of the hegemonic narrative. Stop making sense

**** with apologies to both Laclau and Mouffe****

[matsuki]

Fridge is magically restocked with condiments at regular intervals too.

The real question is do they stay off the walls and floor?

[wagyl]

The sara-kin division of wagyl Ginko is low on assets at the moment, otherwise I could have offered an アッとおどろく　高金利 loan.

[matsuki]

I could become a gigolo....where the rich yella womens be?

[kurogane]

What about the bored Embassy / Expat wife crowd? I am sure there would be more than one bored British trophy wife that would love a proper roger up her ramjet. They love Friends (TV's) type Americans and they are dirty as muddy socks, believe me. Isn't that Richard Gere got his start? And his middle name is Tiffany, FFS

[yanpa]

Fridge is magically restocked with condiments at regular intervals too.

The real question is do they stay off the walls and floor?

So far, as the Toddler is not able to open it by himself (yet).

[matsuki]

I ended up passing on the truck after finding out the previous owner was a pretty heavy smoker. (that baked in smell when you open the door...lovely!) Zee search continues! (and yeah, about time I actually apply for PR.

What about the bored Embassy / Expat wife crowd? I am sure there would be more than one bored British trophy wife that would love a proper roger up her ramjet. They love Friends (TV's) type Americans and they are dirty as muddy socks, believe me. Isn't that Richard Gere got his start? And his middle name is Tiffany, FFS

Ello love, fancy a nowtee shag with a yank?

Fridge is magically restocked with condiments at regular intervals too.

The real question is do they stay off the walls and floor?

So far, as the Toddler is not able to open it by himself (yet).

Just wait...my guess is he'll be a bit more creative

[kurogane]

　　
Ello love, fancy a nowtee shag with a yank?

I would be a little suspicious if an Embassy / Expat wife talked like that, but hey, if they're payin'........
And a good British girl really does outdirty any non-slutpuppy North American girl. An unintended benefit of exporting all their Puritans on us, maybe?

I would pass on a smoke stinky truck too.........and I smoke in the truck. A lot of Japanese close the windows to smoke and that rancid odour doesn't really ever go away.
The amount of smoking around infants and kids here, esp. in closed vehicles, has really freaked me out again. Aaaah, the little things one forgets.