Does anyone know if they have car loans in DR?
If they do, what is the standard for getting approved?

Hello,

In order to finance here you have to have a cedula, in other words you have to be a resident. In the event that you're not a resident you have to have a dominican cosigner. Both are hard to come by. But you can get a decent old car for a under 2 grand if you're lucky. However, if you're gonna be living in San Pedro I don't think you'll have much use for a car. It's a small town and you'll be able to get around fine on foot or taxis or publicos. Newer cars are VERY expensive here, the change of the dollar has madde those kind of big ticket items that are imported, very expensive for those of us buying in dollars.

Take care and God Bless.
Ozzie.

first, car dealers are scammers, second, the streets are messed up so u should get a cheap car... and 3rd-buy cash, dont trust no financial services, trust me i've seen and had many bad experiences with it

I suggest getting a pasola... dominicans are HYPOCRITES... they lie, they scam, they pretend to be your friend only to suck your life out... word of advice that could save your life: DON'T TRUST ANYBODY here in RD...

Cars are best bought from leaving/graduating students, but with a payment pan of 3 months[Gives u time to see if the car really works].Most US students do not scam other US students but precautions are cool.
Safe driving and watch out for that Motorconho!!!!

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I always come back.

dont drive here. due to inconviniences of carro publicos, huge holes from open swers, lack of people knwoing how to walk, and pasola drivings thinking they are pick up trucks: i have crashed a sports car, a pick up, and a sedan. save yourself the hassel. there is no insurance in this country. in one accident the guy left and bought some insurance for his car and came back before the cops even got there. i was screwed every time. just take carro publicos!

i repeat nasi, dont finance anything here...

"dont drive here. due to inconviniences of carro publicos, huge holes from open swers, lack of people knwoing how to walk, and pasola drivings thinking they are pick up trucks: i have crashed a sports car, a pick up, and a sedan. save yourself the hassel. there is no insurance in this country. in one accident the guy left and bought some insurance for his car and came back before the cops even got there. i was screwed every time. just take carro publicos"

---------------this is the best I have heard in a while.

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I always come back.

NO

YES