Strike one. We went to the bank today, asking for a loan on the BMW. Nope. We do not have any credit here in México, only our checking account. We understand. We were in the same place about thirty years ago. How strange- being declined for any kind of loan! It has been so long since we were denied credit! We have worked so hard to get, and keep our credit score high. This is not the United States, however!
Off we go, to talk to the people at the dealership, to see if they will finance the loan for us. I will let you know.
We have been given more papers to fill out, and, return. We may, now, also, need a co-signer, because we have not been able to establish any credit, yet.
We will, in good time.
Now, we are, once again, standing in a queue, waiting for entrance to our bank.
After forty minutes, we have, finally, gotten inside the bank. Again, as usual, there are two women at their desks, but only one of them is taking care of clients. I cannot tell you how annoying this is.
According to the law, we could not apply for any credit until we had been here one year. We just passed one year last week. Ivan, today, applied for a credit card with our bank. He feels comfortable that he has been approved.
Tentative good news, as of nine o’clock tonight, we may have been accepted for the loan, by the dealership. Ideal? No. However, we will be paying off the loan in two years, with what we consider a “minimal interest cost”. If we receive the car by next week, it will be a win-win!
When this happens, you will the next to know. Until then, stay happy, stay healthy, stay safe. Cover your mouth, wash your hands, protect your loved ones.