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Mexico - Car Loans

You can obtain a car loan through different institutions, but Paguro mostly recommends banks and car dealerships. Car dealerships usually have agreements with a specific bank or they have their own financial set up, specially designed for providing their customers with credit schemes.
Rates vary, and we recommend that you shop around for the best deal before reaching a decision.

Usually, requirements for obtaining a car loan are:
-FM2/FM3 and passport
-Proof of domicile: telephone or electricity statement
-Proof of payroll from the last three months (the receipts employers give out to employees)
OR for independent professionals/entrepreneurs, the taxpayer I.D., also known as R.F.C. (Registro Federal de Causantes)
-Guarantor