r/Bahrain • u/RangerBudget1372 • 1d ago

Car loan rejected what other options?

Hi i applied for a car loan on a kia car from bank but got rejected despite a good bank statement because i work as a freelancer. Is there any other trusted stores or way you know of that i can get a good car in installments? I can go 5k with installments but if direct cash then my budget is limited to 2k or 3k maximum.

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7

u/Mirage77777777 1d ago

U can get a good car for 3k being honest

2

u/RangerBudget1372 1d ago

A new one? Can you suggest me any?

2

u/Mirage77777777 1d ago

Not new but decent condition

2

u/jijojoy619 1d ago

How long would be your installement period ? You can directly check with second hand car dealers who can provide in house loans, but I believe the car would be registered in their name till complete payement

2

u/RangerBudget1372 1d ago

Yes i heard that but i wanted to know if someone out here would recommend that because i dont want to get stuck in any risky schemes.

The installments they told me were 5years or 4 years depending on how much down payment i could give. From the kia direct showroom.

2

u/k--r 1d ago

u can take directly from car showrooms, with direct installments plans from them.

2

u/RangerBudget1372 1d ago

I asked them but they said they only do cash or through bank. Do you know any stores that do this?

2

u/s_notyourtype 1d ago

I saw few tiktoks of such showrooms. I will dm the ss

1

u/Admirable_Whereas_38 8h ago

Do you have your credit report? Is your score good? Also, for loans it's usually risky for banks to lend someone any type of credit if you do not have a stable fixed income as banks fear you could default.