Overhaulin'

can a permanent resident with no source of income except for a new week old job have a 100% car loan?

I am in search of a good job and want to save time travelling in public transport.For this need a car , but haven't got enough money.My friends told me that a PR can have such a loan for new car. I may need around $29000 as loan amount.

Public Comments

1. You are going to need more than a week at your job, wait at least six months. You also have to build up credit. Being a permanent resident doesn't matter a lot of banks don't even care about that as long as you have a social security card.
2. There are no special loan programs for new residents. You'll need at least 6 months of steady income and preferably 12 months or more to get a 100% car loan
3. just go out and buy a $2000 car first then save up your money what if you get the load for $30,000 the lose your job you will have to repay around 15% interest while you have no income