In the past you probably would not have needed one but with tight credit you will now, but it may depend on the dealer.
No.
5000 dollars
Yes. Having a bank account is not a prerequisite for obtaining auto insurance coverage.
If you live in US and want to buy one in India, it is possible, to buy online at tatanano.com assuming, you have PAN in India and online bank account......SP
This very much depends on what kind of bank you visit and what kind of loan you get. When financing a new car, you need to negotiate the Annual Percentage Rate (APR), which is highly negotiable depending on the bank, the car and the place you buy the car.
To finance a car through your bank, you can apply for an auto loan. Contact your bank to inquire about their loan options, interest rates, and terms. You will need to provide information such as your income, credit history, and the details of the car you want to purchase. If approved, the bank will provide you with the funds to buy the car, and you will repay the loan in monthly installments.
The best way to get a new car is Figure out how much you think you can afford. When you have that number open a new bank account and put that money in the account every month. You do this long enough you will never need to finance the car.
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
You don't need a license to buy a car, but you need a license to drive a car on a public highway.
no they cannot.... no they cannot....
Yes you can make profit on the car if you buy it from the bank.
You just need a driver's license and money - you can buy a car in any state. It doesn't matter where you live. It's a good idea to have an insurance man you can call when you make a purchase - so he can add the car to your account. Otherwise, you probably have to buy insurance.