Non-resident looking to buy an SUV - the best choice?
What would be a good option for me, I'm thinking of keeping the car for at least 4 years.
1) Go for what I can buy for $12k (Sorento / Santa Fe 2010-2013) - I'm not considering Dodge, Fiat or Ford.
2) Try to get a short-term loan and put $12k as down payment - Look for a car in $22-25k band (no success on loans so far)
3) Use the $12k to pay the debt and re-try full loan for $22-25k band (risky if it doesn't go through again since I'm not a resident)
4) Go even lower and get a $6-8k one (2006-2008 model years) and drive it to the ground + keep the remaining balance for any potential repairs