Saturday, October 31, 2009

Should I refinance my car loan if I only have $7000.00 left to pay it off?

I have a loan with Ford Credit. But I only have $7000.00 left on loan.



What is the benifits if I do refinance?



Should I refinance my car loan if I only have $7000.00 left to pay it off?

If your loan is half paid, you have paid about 70% of your interest. Most bank charge you more interest on the first half of the life of any loan . That's how the make their money.



Should I refinance my car loan if I only have $7000.00 left to pay it off?

The only reason you should need to or consider refinancing your auto loan would be to get a better interest rate or if you needed to lower your monthly payment by refinancing it to a higher term. Other than that I can not see any reason to consider refinancing your car loan.



Should I refinance my car loan if I only have $7000.00 left to pay it off?

Depends. If you can find a better rate, you could pay less per month. Or get a new loan and reduce the monthly payments.



Also, if you got an unsecure loan, you could pay off Ford and receive the title.



Where can one receive an unsecure loan?



The easiest place would be a social loan club like zopa (UK).



Or in the USA, you could go to prosper.



---quick link---



http://lendborrowclub.com



The short story...At the social loan clubs, they bid on your loan. There may be 50-90 or more people requesting the priviledge to offer you money at acceptable interest rates.



Robert

Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

Is an equifax score of 660 enough to get me approved for a $30,000 car loan making $550 a week? and being upside down 4,000 on my current car loan. with one thousand down payment., would I get approved ?



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

You should be able to find financing although it will be expensive. Why would you want to stick yourself with 30K in debt when you only earn $2200 per month. Go out and buy yourself a decent used car. I saw an Acura 3.2 TL a few years old the other day at a used car place for about 10K.



A website I've recommended in the past would be...



http://www.safelinked.info/go.php?link=a...



Take care.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

You'll never know for sure until you apply.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

$550 a week is $28600 a year. And you want a $30k auto loan?! That's more than your annual salary...I can't imagine you would be approved without a cosigner. Lenders require certain debt-to-income ratios, meaning your debt on loans must be less than a certain percentage of your income to be approved. And it is way less than 100%. Plus you would need to pay off your current $4k debt.



You would have your car repoed or would go bankrupt if you did this anyway. It's not a good idea. The only possibility I see is that if you happen to have some substantial savings, and you make a very large down payment, then maybe it is possible. But probably you just can't afford this car, invest in more education and you can get it in a few years once your salary has gone up! :)



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

No bank will loan you the full value of a car that you wish to purchase. The highest they will go is 80% of the car's value. The banks know that a car is no longer worth the amount you paid for it the minute you drive it off the lot. You make roughly 25-26,000 dollars per year. You will need a down payment of around 6,000 dollars for any bank to loan the money for a 30,000 dollar car. Your credit score is not the problem. It is a fairly good score, depending on your age. Let me put it this way, I have seen people get a car loan with less credentials than you. Hell i have seen people get millions in loans from the bank with credit scores of 550.



Basically it all depends upon how desperate the branch that you go to is for making their loan budget.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

Banks look at the credit score first and the rest after. With a 30k auto loan and an APR of 5.9% at best, your monthly payment will be about $550.00 a month. More if you get added items like extended warranty, gap insurance etc. Plus your car insurance will probably go up. The only question left is can you afford it?



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

That syzgy guy above has no idea what he is talking about. (Just to let you know)



I had a credit score of 666 and I was making $360 a week (BEFORE taxes) and I was approved for a nearly 30k loan when I was 19 (this past summer) with one credit card. (I also had no co-signer)



Your credit score has everything to do with it.



You could easily get approved for it. My friends credit is just a little better than yours and makes the same weekly amount you do and was approved for 36k.



It's definitely possible. good luck.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

The way lending decisions are made varies by bank. So there is no single answer, you will just have to try.



Aside from that, it seems like you are taking a big risk in being so far upside down and getting a another car will make it worse.



I would imagine if you are approved your rate will be high.



660 is below average, and the negative equity might bump the rate.



a%26gt;



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

depends. if you get a 3 year loan you just have to pay it back over 3 years... enough said



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,



http://best-loans.awardspace.com/guarant...



You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

Credit score doesnt really matter anymore. the banks changed the way they look at it. they actually look at how you got that number and how long you had accounts open and past other (long term) loans.



Try a local credit union, they seem to have nice plans. DO NOT go around looking for someone to give you a loan, eveytime they check your credit you loose about 5 points.



One way you can make this happen is to go to capital one website and apply for a auto loan. if the car is 30000 and you have a 1000 for down payment, request 29000. write in big numbers in salary and additioanl income area, just be somewhat honest. dont forget the taxes and hidden fees that dealers add to the final price. if you get approved, for lets say 30000, they will send you a blank check and you can go shop around.



im not sure where or how you want to buy a car, new or used, but if its from a dealer, talk to me and i will help you get a good deal. im a salesperson, i know the lies and tricks they play on customers. you might not need 30000 dolars.



Good luck on getting the loan.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

Nope you wont and if you look over everything that you have said, you will hope that you don't get approved as well.



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

a good finance maanger will get you approved no problem the guy who said the banks only lend 80% of the vehicles value is on a different planet .i have 10 banks that i can get upto 125% of msrp on a new car and 125%of nada retail value to name a few are citizens bank of america will go 150%of nada trade or new vehicle invoice so i suggest you go to a decent dealer and let the finance guy work his magic he will get you approved i know i could get you approved allday everyday also the people that are complainingthat you only make this and that and cant afford it guys!how do you know that the person asking this question dosent live with family and has no bills when i was 25 i had a brand new saab and made every payment ontime no problem because i made 25000 a year and had no bills at all



(finance manager at a large dealership 11 years)



Will a score of 660 and making 550 a week get me approved for a 30,000 car loan ?

a 660 is a good score but it is all about the internal stuff. If the only thing that you have had on your credit is small loan and mini credit cards. Then no. But if you have had a car loan in the past or have a mortgage then possible .

What happens to your car loan if you declare bankruptcy?

My wife and I have had a really rough streak and have all of our credit cards go into collections. There is really no way I can pay all of this back. We are considering bankruptcy and wan't to include our car in it. We can no longer afford the car payments and the value is far less than our payoff amount (10K less). If I declare bankruptcy, will they repo the car and if so, will I still owe anything or is it written off?



What happens to your car loan if you declare bankruptcy?

If you qualify for chapter 7 and the debt on your vehicle is included and the bankruptcy is discharged, then you will owe nothing on the vehicle but the lender will pick it up.



I have posted a link where you can go and look up all kinds of information on bankruptcy's, you can even take a test to see what chapter you qualify for.



If you do this, don't think it's the end of the world, I went through it back in 2001 and my credit now is better then it was before the bankruptcy, all scores over 750 and can get approved for anything I want at the best rates.



http://www.bcsalliance.com/index.html



What happens to your car loan if you declare bankruptcy?

If you include the car in the bankruptcy it will be written off, and you will not owe anything. A bankruptcy takes ten years to clear from your credit report, and will affect your credit score really bad. Maybe you should try a debt consolidation first.



What happens to your car loan if you declare bankruptcy?

If you surrender the car, you can either voluntarily turn it over or they can repo it. Your debt will be discharged if there is a deficiency.

Crazy 88 car Loan / Financing?

Just out of curiousity, I do not need a loan but I was wondering is this for real? Seems like a scam somehow. I couldn't find any dirt on the web about them. Went crazy88auto.com, all i see is an application. No terms, or anything about the company. What's this all about someone please tell me. Someone out there has to have dealt with them.



Crazy 88 car Loan / Financing?

There have been other people asking about this... a good website?qid=20070225072322AASGLI5



I've bookmarked this site to go back to next time I need a loan...



http://www.knowledged.info/go.php?link=a...



Have a nice day.



Crazy 88 car Loan / Financing?

I have never dealt with them nor know of anyone that has but it probably is just like drive-time where everyone is guaranteed a loan and when they get there they are so excited that they never look at the fiance rate until they get home or someone tells them that they are paying $200.00 a month for 96 months on a car that is likely only worth 10,000.00, then its to late.



Crazy 88 car Loan / Financing?

I don't know about that one. But try advantage motors or one of those places that finance right there. People seem to do ok with the company ones.



Check these links on Crazy88



http://www.google.com/search?hl=en%26amp;q=con...



Crazy 88 car Loan / Financing?

you need to shop around there is so many car dealer provide a bad credit loan,



try Union Auto Sales 201-724-2910

Refinance a car loan?

We got ripped off when we bought our first car with a huge interest rate. It has been over a year....is there any way to refinance? Will this lower our credit score?



Refinance a car loan?

NO...if you have negative equity you will have to live with it.



Refinance a car loan?

As far as i know the only way to get a cheaper interest rate is to trade your car in for something newer. With a year of credit building, as long as you were'nt late on your payments you should have no problem. Good luck, i went through the same thing except im still paying my ridiculous interest rate because i've already put so much into it im afraid to essentially start over!



Refinance a car loan?

You can refinance, however this will drag out the time you are paying for the vehicle. If you could pay more on the loan instead of refinancing you could reduce what it cost you to borrow money.



Refinance a car loan?

If you refinance, your credit score will only drop slightly because your available credit percentage will increase. Don't worry about your credit score dropping if you stand to save significantly on the interest rate. It's the smart financial move.



Refinance a car loan?

Call the bank you have the loan with and ask them , you have paid for a full year I assume never have been late with your payments. They should offer you a lower rate provided the equity in your vehicle is close to that of the loan balance. If they will not then shop around to other banks ....



Refinance a car loan?

If you bought a new car and put little down, you may find that your current loan balance is greater than the book value of the car. In that case, a %26quot;refi%26quot; is unlikely.

What will happen if I don't pay my car loan when I have the Tiitle to the car?

I got a car loan for a car. I told them that I needed the car title to get the tags. They gave me the title and I got the tag but they never asked for the title back. Now I have the title, and I'm just wondering what will happen when if I don't pay.



What will happen if I don't pay my car loan when I have the Tiitle to the car?

They can repossess the car since the loan has not been paid off and your credit will be ruined. Physical possession of the title does not release you from payment. The title should have their name as owner or lien holder.



Dealers lost my paperwork twice when buying new cars. They had not cashed my deposit or sent the information to DMV or bank. I called because I did not receive the certificate of title when the temporary tag was expiring a month later.



What will happen if I don't pay my car loan when I have the Tiitle to the car?

I don't know why you'd need the title to get plates, and don't even want to guess what idiot at the bank gave you the title.



However, their lien is still valid and they can repossess the car if they wish. They can always get a duplicate title.



What will happen if I don't pay my car loan when I have the Tiitle to the car?

You'll see a tow truck with your car behind it.



What will happen if I don't pay my car loan when I have the Tiitle to the car?

Check the title. You should be able to see someone (the %26quot;they%26quot; you mention in your note) as being a lienholder. The fact that you have a title, doesn't mean you own the car free-and-clear, and would be limiteed if you tried to sell or trade the car. If you don't pay the loan, they can seize the car. They COULD then sell it and even if they don't get the total value of the outstanding loan, you STILL owe them the rest.



What will happen if I don't pay my car loan when I have the Tiitle to the car?

It doesnt matter who phisically has the title, what matters is the name on the title. If you financed a car, the car isnt in your name till you pay the loan off. The owner of the car is still Honda Financing Corp (used that just because i have a car loan through honda) They can come and take the car because of non-payment



What will happen if I don't pay my car loan when I have the Tiitle to the car?

I'm sure that the title, whoever has it, shows that the loan company is named as the leinholder. Don't make the payments and someday you'll come outside to find your car has been repossessed. Either way, the finance company will not sign off on the title when you try to sell the car so the buyer will not be able to register it. Oh, and by the way. Don't ever ask me for a loan if you have questions about having to pay it back. How about thinking about what's right rather than what you can get away with?



What will happen if I don't pay my car loan when I have the Tiitle to the car?

Even if you do have a title that does not relieve you of the responsibility of paying your loan payments.



Miss a few and watch for the repo man.

I got approved for the car loan but the insurance is more than the car note?

i am so mad. okay i got approved for an 05 pontiac grand am se. that barrier has been brought down. now im stuck with this insurance deal. since i am so new, its hard for me to get a good insurance quote. most places want 600-800 down and i dont have that kind of money. my car note would be around 330 but the insurance is mor3 than the car note. what am i to do? im checking progressive and they quote me at 161 monthy/1000 for 6 months. i cannot pay 360 a month for car insurance. im so sick right now...



I got approved for the car loan but the insurance is more than the car note?

try AIG very cheap in car insurance



I got approved for the car loan but the insurance is more than the car note?

that's a reality of being a grown up



I got approved for the car loan but the insurance is more than the car note?

thats alot, thank god i do not live there!



I got approved for the car loan but the insurance is more than the car note?

That totally SUCKS! I'm so sorry to hear that.



Advice to everyone: If you're looking at a car to buy, check the cost of the insurance BEFORE you sign the deal! Know what you're REALLY getting yourself into!



I got approved for the car loan but the insurance is more than the car note?

I assume you're going for the lowest possible amount of insurance coverage to be able to get it registered? Check with your DMV for the requirements. Sometimes all you have to carry is collision insurance to get licensed, and that is a lot cheaper than comprehensive coverage.



I got approved for the car loan but the insurance is more than the car note?

there aint **** to do for you except tell you to look for a 1999 or newer since banks usually wont finance a vehicle more than 7 years old, you'll still need full coverage but will make smaller payments. and since its used it wont be depreciating as fast as new and when your insurance goes down you can trade up. good luck I'm doing this right now because they wanted 450 per month for full coverage of a truck i would have paid 375 per month for.

Car loan in debt collection. How can I get out or rid of car?

I have a 05 nissan payments are 500 a month. I am currently behing 6 months and the car is in collections. I owe 20,000 and I recieve a letter stating that they'll settle the account for 16500. The car is maybe worth 10000. I need to fix my situation and either some how get rid of car or turn in or who know what I can do to fix my situation.



Car loan in debt collection. How can I get out or rid of car?

Try and sell it but unless you get the amount you owe your screwed.



Car loan in debt collection. How can I get out or rid of car?

get a beat up neon like mine and have a bosnian or russian person fix it up. very afforbale. everybody can have one! : ) lol



Car loan in debt collection. How can I get out or rid of car?

first of all a 2 yrs old is worth a lot more than $10K



if you already paid $500/mos and almost 2 yrs, which means you put close to $10K and you own another $20K, my guess it is a Maxima or a loaded truck (u don't say)



check the actual value below:



www.kbb.com (this is the Kelly blue book)



sell the car to a private party and pay off your debt. (you credit score went already bad), or re-negotiate you loan with the lender for another 3 to 4 yrs. that will lower your monthly payments.



Car loan in debt collection. How can I get out or rid of car?

is it insured? wrap it around a tree.



Car loan in debt collection. How can I get out or rid of car?

Here is what I recommend. Get a buyer for the car at the market price. Get him to give you small deposit. Call the lendor and tell them you have a buyer for the car for say 10G and your balance is 20G. Then ask them to finance the balance for you over x months, what ever you can afford. Bottom line is if they repo it and sell it at auction they will loose more in repo, transporting and auction fees then having you sell it to a retail buyer first. Have the buyer make the check right out to the lendor. I would get on the phone and discuss this plan with a loan supervisor. If he has half a brain he will see having you retail it and refinance the balance for you with payments you can afford. It makes the most sence all around. They other repo way you loose and so do they. Many people with 5 year car loans are in the same situation. The loan payoff is always more then the car is worth because it's value is dropping faster then your paying down the loan. I recomend 3 year loans on most american cars and 4 years on most foreign. Unless you have a very desirable rare car that goes up in value or looses little value you never come out ahead in the first 3-4 years in a 5 year loan. The other rule of thumb is your car payment should not exceed 1/2 your weekly gross pay unless you live in a U-Haul cardboard box or have free housing some how.



Car loan in debt collection. How can I get out or rid of car?

You dont have to worry about getting rid of the car, cuz if you own money on it, the bank will send a repo man out to take it...plus, youll still owe the balance due on he encumberance. So, not to worry, one nite while youre asleep or one day while youre at work, youll come out and the car will be gone. Besides, you cant sell the car outright anyway cuz the bank holds the title...and without the title in your hand....you can not sell it. Best thing is to work with the bank and agree to make double pymnts to catch up...but, if youre more than 1 or 2 behind, watch for the repo guy.

How much is the interest rate for Personal Loan and Car loan in Dubai banks?

How much is the interest rate for Personal Loan and Car loan in Dubai banks?



What is the maximum available tenure for expats?



How much is the interest rate for Personal Loan and Car loan in Dubai banks?

Personal loan about 15-18 %



car loan 3-4 %



How much is the interest rate for Personal Loan and Car loan in Dubai banks?

With the UAE being an Islamic country, I dont think there is any interest on loans as under Islamic law interest is forbidden wether you give or receive it.



How much is the interest rate for Personal Loan and Car loan in Dubai banks?

Personal loan generally in the range of 9 to 11 per cent. Car loan is lower than this. Tenure 3 to 5 years.

I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to d

I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment and I'm being pursued by the finance co to help him to pay up a huge 5 figure amount.



He doesnt seemed to be willing to pay and i've been told by the finance company that if i dont pay up, they will take legal actions against me.



I really regretted being this friend's guarantor but there's really no use crying over split milk now. I have two old parents and what i earned is barely enough to cover all the living costs. How am i supposed to help my friend pay off this 5 figure amount?



I would like to know, any one of you encountered the same problem? Is there any alternative methods that i can take? Such as, legal actions against my friend? I know my friend still have assets under his name, such as his HDB flat, possible to get the finance to issue an injuction to him or acquire his flat?



Any advice is appreciated, kind folks!



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

As the Guarantor of this loan you have legally promised the finance company that you would accept responsibility for the debt should your friend default.



Unfortunately, this leaves you wide open to repay the difference between the car loan amount--(plus fees), and the amount the car was sold for after repossession.



You can try to negotiate this amount, or possibly--but not likely--arrange a payment plan.



Perhaps you can borrow this amount from the bank if your credit has not already been tainted by the default. If all else fails you can file bankruptcy (limited to this debt)but keep in mind that this will stay on your credit record for 7-9 years.



Also try getting your friend to sign a promissory note for the amount he owes you. This you can use against him in civil court if he does not honor his promise.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

Sue the friend. But an attorney may cost as much as the debt.



Small claims court may rule in your favor and place a judgment on your friend.



With that and $2.00 you can buy a cup of coffee at Starbucks.



A judgment does not guarantee payment.



It has to be pursued by an attorney.



The judgment will %26quot;hurt his credit%26quot;. Course, it appears to be already dead.



When will our schools, starting in the third grade, teach mathematics in relation to real life?



Tell the creditor you will pay them $5.00 per month. If they refuse, save all paper work and let them sue. You will have proof of offer to pay. They can't get blood out of a turnip.



There are lots of turnips, so don't feel alone.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

did you make your friend sign a contract? if not than you messed up and in the end could have to pay the whole amount. i hope you learned a lesson.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

Like others have said, you're pretty much screwed. That's the risk of co-signing a loan, if the other defaults, you're on the hook for it.



Well your first warning sign should've been that at his age (guessing early 30s) he shouldn't have a problem getting a loan on his own, unless he's defaulted before and ruined his credit.



I guess you can sue him in small claims.... but if he can't pay the creditor, he probably can't pay you either. And even if you win, judgements are capped at $5000 in most states.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

sorry but you took on the loan for your friend. you need to try to talk with your friend about helping you out of the mess he got you in



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

I would say that Vicki G is right.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

you are screwed dude



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

ditto, Vickie G that is one great answer



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

so much helping a friend, remember never to do it again.



I'm the guarantor of my friend's car loan. Now his car got sold off my finance co due to default of payment.

sorry to hear, i was in the same, with my husband. i went to court and told the judge that i couldn't pay, low income. the judge dismiss the case.

$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly pay

What is the effective annual interest rate on the loan?



$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?

30 days to first payment is 202.90, 45 days is 203.74



$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?

Monthly Principal %26amp; Interest $202.90



Total Number of Payments 48



Total of 48 Payments $9,739.23



Original Loan Amount $8,000.00



$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?

dont have any payments on my 2 cars. i pay cash, no interest, more money to live on

What are the chances of me getting this car loan?

I turned 18 in September of last year. I've have 3 bills each month to pay. I've had to pay: car insurance, cellular phone, and credit card(I didn't need a co-signer, my car insurance agent *Got my credit card through state farm* put in a good word.) I've paid my cellular phone bill about two weeks in advance ever since i've got it. My insurance, I have it automatically taken out of my checking account each month. As for my credit card, I pay an AVERAGE of $430 EVERY TWO WEEKS. So far i've used and paid off about $4,000 since i've had it in the last four months. After 3 months of using and paying off my credit card, my credit limit was raised from $500 to $1,000. The reason i've used my credit card so much, is to hopefully raise my credit score faster. I pay about 80%-90% of my balance every two weeks. So I was wondering if it is going to be easier for me to get a $20,000 car loan from my credit union in two months, showing my good standing in credit and also by putting $2,000 down.



What are the chances of me getting this car loan?

Whether or not you will be able to get a car loan is going to depend on what your credit score is and whether or not you have enough income to make the payments.



Of the three bills you mentioned, the only one that is showing up on your credit rating is the credit card. You've only had the card for 4 months which is not a very long credit history. What you are doing, using it and paying it off consistently, is certainly helping to earn you points in the credit history game.



One of the things you might want to do is get a copy of your credit report at annualcreditreport.com. Make sure of what is on there. Most likely, from what you've said, there will only be the one credit card. Unfortunately, that does not give you your credit score though. You'll have to either pay one of the credit reporting agencies for your score, or apply for a loan or if you're friendly with someone at your bank, sometimes they'll get it for you. I got mine that way. Just asked someone at the bank if they'd get it and they did. Once you know what your score actually is, you'll have a better idea of where you stand.



Your biggest obstacle is going to be the short history though, I think, because of your age and the short period of time you've been being reported to the credit agencies.



I do think you'll probably be able to get the loan, providing that you have adequate income to make the payments. But you may pay a bit higher interest rate. Negotiate with them. Sometimes they'll start out with one interest rate and when you tell them it's too high, they'll drop it down. Or you might just have to try a couple different lenders. The auto dealership probably has a bunch of different lenders that they work with, or you might just try the bank you already do business with. Also, State Farm has some sort of banking service. I'm not exactly sure what it is but if they make auto loans, that might be your best bet since you have a history with them already. Go to the State Farm Website and click on Banking. Then click on Auto Loans.



What are the chances of me getting this car loan?

You'll probably need a co-signer but you should have no difficulty getting the loan, what rate you get may be the question. It will be higher than what their prime customers get. A bit of advice, its good to use the credit card to build credit. But think about this, your paying $430 twice a month on average and paying huge bank fees in the mean time. You can save money and achieve the same results by just buying a tank or two of gas each month with the credit card then paying it off each month. Too much credit card activity may work against you.



What are the chances of me getting this car loan?

A good place to find free advice on car loans for people with bad credit or little credit is at http://www.getbadcreditcarloan.info



What are the chances of me getting this car loan?

If I were you I would go to something like www.freecreditreport.com and check out your credit report and score to make sure everything looks good before you even think of walking into a dealership. Also, how long have you had your credit card for? That is what really matters along with making your montly payments if any, on time. You should have no problem getting the loan, now the details of the loan are what you should be worried about, not whether or not you will get it. They could stiff you like they did to my sister in law, she did not have very much credit and little debt but since there wasn't a lot of credit they stuck her with a 16% loan, that is insanely high and my auto loan interest rate is 5.6% so that tells you right there that is what you need to be worried about. If they want to stick you with a high interest rate of anything over say 9% or so I would walk away and just wait or save up for a higher down payment.



What are the chances of me getting this car loan?

You have a clear lack of understanding of credit.



Your cell bill and insurnace are not on your credit report. Therefore, you have only ONE account on your credit history, and it has only a 6 month (by the time you get the loan) history. 2-3 years is considered a short history, so 6 months is VERY short.



Also, charging more and paying off more is doing nothing for you. You can charge $5 and pay it off and its the exact same thing. Making more frequent payments also doesn't do anything-- the credit reports are set up to show reporting on a monthly basis, and as long as your current that's all that matters.



In fact, having a 0 balance and no payments is equal to having a $200 balance and an on time payment. The credit company simply says you are %26quot;paying as agreed%26quot; each month in either scenario.



Your credit score also considers utilization-- the balance vs. the limit-- and by charging it up, even if you pay it off, it could be reporting a higher balance depending on what day each month the CC is updating your report. Stay below 20% of your limit at all times.



You should be able to get a reasonable car loan, but probably not the special 3.9% rate becuase of yoru short history. It took me 2 years to get into the 700 range and I had 3 credit cards, all with on time payments. (I was 20 at that point.)



The more money you put down, the better rate. Try for atleast 20% (4K on a 20K car).



What are the chances of me getting this car loan?

First of all, the only thing you mentioned that actually appears on your credit history is your credit card, second only having that card for 6-months is not going to do you any good when you are trying to purchase a $20,000.00 vehicle. You did not mention what your score is so let me explain a couple of things. Your score is made up of the following;



1. Payment history 35%



2. Time in bureau 15%



3. New credit 10%



4. Type of credit used 10%



5. Debt to income ratio 30%



As you can see,No 1, 2 and 3 are the most important. You have very little history %26amp; very little time in bureau. What ever lender you go through is going to look at the following before they make a decision. How much are you trying to borrow in relation to what the vehicle books for in N.A.D.A., how many miles are on the vehicle, how old is it, how many months are you trying to borrow the money for, how long have you been at your job, how long have you been at your residence and do you debt for the payment. Most banks will not go over 20% debt to income for a vehicle payment. This means that with $2,000.00 down you need to make at least $2,000.00 a month before taxes to qualify. You will most likely need a co-signer.



What are the chances of me getting this car loan?

you may not need a co-signer. sounds like you make good money. you might want to consider a larger down payment.



What are the chances of me getting this car loan?

It does not sound like you have any discrepancies on your credit. I am sure you will get that loan, especially with a co-signor. I really do not think you need one, going by what you described.

I paid my car loan but the car is register to my mother in law and I'm now seperated.?

How can I prove the car is mine?



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

if you can prove that there's an agreement between you and your mother-in-law, stating that she will give you the car if you are going to pay for the mortgage / loan...then you have the rightful claim over the car...because if ever that is the kind of agreement (unilateral agreement) you entered, once you start to perform the act (paying the loan) your mother is legally binded to carry on with the offer (give you the car) because if she does not...that will be tantamound to - breach of contract.



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

you should go to the dmv and get it changed but you will need the proof of purchase and the signature of you mom in law



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

Write her a letter saying you want her to bring the car over to you.



Worst case scenario you never have to meet your mother-in-law again.



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

Do you have the title? The title is really the document that indicates ownership ... registration is a trivial matter at worst. Hopefully you were smart enough to have the title in your name (plus the bank that held the loan). If you do have the title ... when you pay off the loan you legally own the car. Registration just means that your Mother-in-law was nice enough to pay the licensing fees ... but gives her no right to ownership of the car.



When your current tags expire ... use your title to just register it in your name.



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

Without a bill of sale and/or title transfer, you can't. If she doesn't want to give you the car, she doesn't have to unless you go to small claims court and sue her for it. That's why you never enter into those kinds of deals.



I paid my car loan but the car is register to my mother in law and I'm now seperated.?

Small claims court.



_

How can i remove a cosignature from a car loan?

I cosigned with someone on a car loan about 3 years ago and would like to have my name removed from the loan. The loan is in good standing. However, the relationship is not and it would be better to sever the responsibility.



How can i remove a cosignature from a car loan?

The lender would have to agree to it. You made the commitment and have to live up to it.



How can i remove a cosignature from a car loan?

The lender can remove the cosigner, but if they are unwilling to do that, then you can refinance the loan through another lender, with you as the sole borrower.



How can i remove a cosignature from a car loan?

try this site to get quotes for a car loan, works very well!



How can i remove a cosignature from a car loan?

The best way would be to ask, or beg the other person if they could refinance it into their own name. This probably isn't very likely if they couldn't get a loan in their name in the first place, but since it's been three years it's worth a shot.



If that doesn't work, I would go to the bank (if it's a local bank go in person and speak with the branch manager). They can remove your name from the loan, but they usually do not unless you pay them some collateral. You can offer them an amount to take your name off. This usually works, and even though you have to pay some out of your own pocket, it's still better than owing the entire amount, or having a repossession on your credit report when your cosigner doesn't pay.



How can i remove a cosignature from a car loan?

The other person would need to refinance the loan.

Question about a car loan?

Okay.. Im 18, I dont have a job currently. I have $40,000 in a trust fund, but can't get it out until your 18 and graduated from high school.. the problem is Im not graduated, I graduate in May, and its February. Is it possible to get a loan and pay it in May when I can get my money? Not a huge loan, only like $5,000-$10,000. I really need to know, thanks.



Question about a car loan?

You're 18. I'd find a solid beater car for $2-4000. You just don't need a $10K car, and it'd be a shame to burn a quarter of your trust fund on a vehicle that will only last you a couple years at most.



Only thing I can suggest is finding a local bank or credit union that might be willing to take on this risk. They'd have to be willing to not get a check until May at all, so that's different for them as well. But it never hurts to check around.



Question about a car loan?

Probably not going to get a loan without a job. The fact you have the money in trust does not mean you are going to pay back the loan.



Question about a car loan?

Since you're already 18, you can sign a contract. Because of that, you'll be able to sign against the money in trust.



Talk to a bank (or multiple banks) about a deferred payment loan against the trust.



They may be willing to do it, especially if it's the bank that the money is in, and with that you would sign a contract to the effect that the first x-thousand from the trust goes to them.



If not, then try and get a collateral loan using the trust as collateral to secure the loan.



The fact that you don't have a job may be a negative, but since you're still in school, they may work with that. I would still try and get a part-time job if nothing else to show some type of income, because if you can make the monthly payment on the loan until May, you stand a better chance of them using the trust as collateral to secure it in case of default, without having to provide deferred payments.



Question about a car loan?

Talk to the bank that has your trust fund. The should have the condition or paperwork of your trust account.



Ask for a loan and once you graduate you'll pay them. I'm sure they'll be happy to loan you the money since they know you have the money.



El



Question about a car loan?

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Issue with car loan?

my brother got a car last may and my sister cosigned for it. Now they are finding out the car place put the car 100% in my sisters name. My brother is paying for the car out of his pocket but my sister is getting the credit for the payments. Also my brother traded his tracer in on the car and they put the car in her name and the car was under his name. Because the car dealer lied to them what can they do to legally straighten this mess up? He wants the car in his name but no one will refinance it because of his credit. Is there a place that they can file a complaint against the car dealership? thanks



Issue with car loan?

You need to go back and look at the paperwork your brother and sister signed. If they agreed to this in writing, and signed it, then it does not matter what was said. If the dealership did not follow the written agreement then they have to fix it because it is fraud. You may need to file suit in small claims court. You can also complain to the credit bureaus like Equifax and Trans Union if the signed deal was not the one implemented.



Issue with car loan?

If he is driving the car, and otherwise wouldn't have been able to buy it, then he probably needs to shut up, and keep paying the payments - it's not the car lots fault that he has bad credit.



Otherwise, he could try selling the car for enough to pay it off (usually not feasible, since they depreciate rapidly the second you drive them off the lot) pay off your sister's loan, and then go buy something that he can actually afford.



All of that said, the car lot shouldn't have been able to put a loan in your sisters name without her actually signing all the paperwork as the primary loan applicant. Unfortunately that won't change the fact that he couldn't have bought the car otherwise.



Issue with car loan?

If his name was not on the contract, then there is nothing legally he can do.



The only way it could be in your sisters name only is if she was the only one who signed the contact and paperwork.



Issue with car loan?

Your a victim of a scam called THE STRAW PURCHASE its not legal and many states will have stiff fines for the dealer, i dont know your state but google your state laws - straw purchases.



Here is how it works, Some buyers credit are so bad that with a co-signer cant get approved but the co-signer can be the buyer and get approved, when a buyer gets approved with a co-signer both names are on bill of sale, in your case i bet only your name.



Its called the straw dealer paper shuffle scam, most likely you signed seperate bill of sale contracts and only your sisters was submitted which does not help his credit one bit. if you cant find a contact through fraud state laws then contact BBB in your area, from there lawyer.You have a strong case against the dealership but as for your brother getting a car there are steps how to improve his rating. go to my website http://www.usedcartips.org/ and navigate to I GOT POOR CREDIT form there study some steps

Shopping for a car loan.?

I am in serious market for car and know what my budget is. My credit score is 620 and I am trying to find the best rate without running my credit a million times. Also, I read on my FICO that if you are shopping for a new car the you can pretty much run your credit as many times as needed in a 14 day period to find a quote you want and it will only count as one inquiry. Is this true? I dont want to run it with a bunch of companies and make my score even lower.



Shopping for a car loan.?

I wish my advice could be helpful.And here is a good resource.Check it up.http://carloan.featured-resources.info/b...



Shopping for a car loan.?

It is hard to say. You have to check it out yourself.here is some useful information for your question might be helpful.http://carloan.featured-resources.info/b...

Would I qualify for a second car loan if i still have a car loan tha im still paying?

Im trying to finance a second car



Would I qualify for a second car loan if i still have a car loan tha im still paying?

As long as your debit ratio isn't too high it shouldn't be a problem. When looking into financing someone a bank will take their income and then all of their %26quot;debt%26quot; (any loans etc) and form a ratio with the numbers. As long as they think you can afford another payment they will finance you.



Would I qualify for a second car loan if i still have a car loan tha im still paying?

Depends on your credit, and income.



Would I qualify for a second car loan if i still have a car loan tha im still paying?

If your debt to income ratio is OK, most banks will do it.



That means your total of payments each month in relation to your income.



Many people have 2-3 car loans, boat, RV, snowmobile, credit card, etc loans all at the same time.



Would I qualify for a second car loan if i still have a car loan tha im still paying?

That would depend on your income, and also if you made your payments on your first car regularly on time.



Would I qualify for a second car loan if i still have a car loan tha im still paying?

That depends upon your creditworthiness. Plenty of folks have more than one car loan -- my brother has 3.



Would I qualify for a second car loan if i still have a car loan tha im still paying?

if u have a good enough credit score, u'll be able to get that 2nd car.

Is getting a car loan a good way to raise my credit score?

I always pay my bills on time and I have absolutely no debt(never have). I have the money to buy the SUV but should I finance half to raise my credit score? Obviously, I'll be spending a little more for the interest rate. Which would be better, a personal loan or auto loan? Thanks!



Is getting a car loan a good way to raise my credit score?

Yes, See if you can get financed through whatever makes financing company. Examples are Ford Credit, GMAC Loan, or Chrysler Credit. Pay these on time and it will add a little bit more to your credit than going through a traditional bank



Is getting a car loan a good way to raise my credit score?

I'd get a secured credit card. Ask your bank about one. It's safe and it effects your credit quickly, and you won't have to pay a ridiculous rate like you would for a car loan.



http://www.bankrate.com/brm/news/cc/1999...



Is getting a car loan a good way to raise my credit score?

No, but getting a car loan and paying it off per the loan requirements would be. Also, consider a secured credit card. You simply need to create a payment history to establish good credit, and only time can do that for you.



Is getting a car loan a good way to raise my credit score?

visit daveramsey.com to learn ur hard lessons from others mistakes. it is easier and cheaper.



Is getting a car loan a good way to raise my credit score?

If you have the money to buy the vehicle then go to the bank. Tell them you want to put the money in a savings account and use it as collateral on a car loan. They will work with you. Then the best way to keep your credit score going in the right direction make sure you always pay your bill's on time. don't send them in by the end of the grace period, send them in so they get their by the actual due date. If you pay rent that goes against your credit score. If you carry too much or not enough debt load it will affect your credit score.



Is getting a car loan a good way to raise my credit score?

No! Getting a credit card, and carrying a small (%26lt;$100) balance for several months, but paying more the minimum is the best way to raise your credit score.



Is getting a car loan a good way to raise my credit score?

Your question could not be answered in one word.find useful tips here.http://loan.online-supporthome.info/disc...

Need a $5000 car loan? help?

Ok i cant barrow from fam.. i do not have any credit..trying to build it now..just got credit card today YAY! and i need a small either 3000 or $5000 dollar loan. with low payments a month. I LIVE IN MESA ARIZONA where do i go?? pleaseeee help me ..LOAN IS FOR AUTO.



Need a $5000 car loan? help?

It not only depends on your credit but also your monthly or annual income. If you produce a document stateing your income then you will be able to convince someone to give you a loan. Often times car dealerships will finance you, but could be a interest rates that will put you in bondage for years. Their shpeal is that you can make the monthly payments, but they don't tell you that by the time you pay off the car it will cost you twice or three times the original sticker price. This is where Math helps us in life. Find out the APR rate (Annual Percentage Rate) then create an equation that will give you a dollar amount for how much interest you pay per year Deduct your payments and it will give you a rough idea of how much you will be spending on your vehicle. So, find a lender that will charge you the least amount of interest. Also, ask the dealer the final cost out the door, otherwise their may be hidden fees for you that you will be unawares about, but they slam dunk the deal because you are so emotionally set on buying the vehicle, be awares...Negotiate the deal and be wise among serpents, while being kosher and cool entitling the best deal...



Anywho, To answer your question: Lenders generally can be found at reputable banks, not fast cash services these should be illegal with the APR rates, but they do it anyways. Reputable Banks.



If you can provide a co-signer to the loan the chances are better that you will receive the loan with someone who has credit. If not provide substantial evidence that you will make your payments timely and wisely...Bank Statements Payroll stubs etc. and build that credit, but be careful...



Need a $5000 car loan? help?

get a better job or ask a close friend or ask the bank!!!one of them are bound to work



Need a $5000 car loan? help?

Find a co signer



Need a $5000 car loan? help?

Honey: If you don't have the money and are too young for credit I highly suggest that you save up some money and buy a scooter or even a cheaper used car which you can surely find by driving around. It doesn't make sense to attempt to buy what you cannot afford since it will only bring you trouble not to mention the high insurance rate. Being debt free and living a practical life are virtues that everyone needs to learn early on.



Cheers!



Mr. M. on %26quot;car loan.%26quot;



Need a $5000 car loan? help?

You're actually excited about going into debt. Sad. Your best idea is to save the money and pay cash. Don't worship at the fico alter.



Need a $5000 car loan? help?

Go to a car lot that will help with financing. Usually, car lots try real real hard to get you approved, and will try everthing they can think of so they can make the sale. You might not need to borrown anything, but you might still be able to use a co-signer. They dont have to pay anything, but it helps when you dont have any credit yet.



Need a $5000 car loan? help?

build your credit a little bit lik 8 months thats wat i did n i got a loan for $20,000 for my first car pretty good, and go to a local credit union they are good with people that have limited history w/no co-signer good luck!!!!!!!!

Shopping for a car loan.?

I am in serious market for car and know what my budget is. My credit score is 620 and I am trying to find the best rate without running my credit a million times. Also, I read on my FICO that if you are shopping for a new car the you can pretty much run your credit as many times as needed in a 14 day period to find a quote you want and it will only count as one inquiry. Is this true? I dont want to run it with a bunch of companies and make my score even lower.



Shopping for a car loan.?

I wish my advice could be helpful.And here is a good resource.Check it up.http://carloan.featured-resources.info/b...



Shopping for a car loan.?

It is hard to say. You have to check it out yourself.here is some useful information for your question might be helpful.http://carloan.featured-resources.info/b...

A car loan at 19?

I am 19 years old with about a years worth of pretty good credit. I have 3 crdit cards, all of which are about to be paid off, and make about 1400-1500 a month. Is there anyway I can get an auto loan for 20k?



A car loan at 19?

Yes you can but your interest rate will be out the roof, Try to wait till you turn 25 to buy a big ticket item , your credit score will be higher and the interest rate less



A car loan at 19?

Since you are over 18, you can enter into a contract. Talk to your bank and see what they would be willing to do for you regarding a auto loan.



A car loan at 19?

With no debt it shouldn't be problem I would go through a credit Union rather than a bank. Financing rates are usually lower.



A car loan at 19?

If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating%26lt;!--With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.



http://best-loans.awardspace.com/autoloa...



There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit--%26gt;any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.



A car loan at 19?

If you have been looking for some great ideas, Here is the place you should have a look.http://carloan.featured-resources.info/c...

Refinance car loan...?

Do you get money for refinancing you're car...is it like refinancing a mortgage? Just asking...clueless! Thanks!



Refinance car loan...?

If your car has more value than you owe then yes you can get some cash. But when you do this you risk having a old junk care that won't run but you owe money on it and can't sell it



Refinance car loan...?

Not as a rule. You usually just get smaller payments. I suppose if you had %26quot;equity%26quot; in a vehicle you could get money when doing the refinance.

Need a $5000 car loan? help?

Ok i cant barrow from fam.. i do not have any credit..trying to build it now..just got credit card today YAY! and i need a small either 3000 or $5000 dollar loan. with low payments a month. I LIVE IN MESA ARIZONA where do i go?? pleaseeee help me ..LOAN IS FOR AUTO.



Need a $5000 car loan? help?

It not only depends on your credit but also your monthly or annual income. If you produce a document stateing your income then you will be able to convince someone to give you a loan. Often times car dealerships will finance you, but could be a interest rates that will put you in bondage for years. Their shpeal is that you can make the monthly payments, but they don't tell you that by the time you pay off the car it will cost you twice or three times the original sticker price. This is where Math helps us in life. Find out the APR rate (Annual Percentage Rate) then create an equation that will give you a dollar amount for how much interest you pay per year Deduct your payments and it will give you a rough idea of how much you will be spending on your vehicle. So, find a lender that will charge you the least amount of interest. Also, ask the dealer the final cost out the door, otherwise their may be hidden fees for you that you will be unawares about, but they slam dunk the deal because you are so emotionally set on buying the vehicle, be awares...Negotiate the deal and be wise among serpents, while being kosher and cool entitling the best deal...



Anywho, To answer your question: Lenders generally can be found at reputable banks, not fast cash services these should be illegal with the APR rates, but they do it anyways. Reputable Banks.



If you can provide a co-signer to the loan the chances are better that you will receive the loan with someone who has credit. If not provide substantial evidence that you will make your payments timely and wisely...Bank Statements Payroll stubs etc. and build that credit, but be careful...



Need a $5000 car loan? help?

get a better job or ask a close friend or ask the bank!!!one of them are bound to work



Need a $5000 car loan? help?

Find a co signer



Need a $5000 car loan? help?

Honey: If you don't have the money and are too young for credit I highly suggest that you save up some money and buy a scooter or even a cheaper used car which you can surely find by driving around. It doesn't make sense to attempt to buy what you cannot afford since it will only bring you trouble not to mention the high insurance rate. Being debt free and living a practical life are virtues that everyone needs to learn early on.



Cheers!



Mr. M. on %26quot;car loan.%26quot;



Need a $5000 car loan? help?

You're actually excited about going into debt. Sad. Your best idea is to save the money and pay cash. Don't worship at the fico alter.



Need a $5000 car loan? help?

Go to a car lot that will help with financing. Usually, car lots try real real hard to get you approved, and will try everthing they can think of so they can make the sale. You might not need to borrown anything, but you might still be able to use a co-signer. They dont have to pay anything, but it helps when you dont have any credit yet.



Need a $5000 car loan? help?

build your credit a little bit lik 8 months thats wat i did n i got a loan for $20,000 for my first car pretty good, and go to a local credit union they are good with people that have limited history w/no co-signer good luck!!!!!!!!

Should I refinance my car loan again?

A few days ago I refinance my 21% six year loan to an 11.5% four year loan with a credit union (when all websites and banks rejected my refinance request). What I'm wondering now is, how long should I wait to refinance for a better rate? I'm thinking in 6-8 months I'll refinance with the same credit union for a 3 year loan. Any advice?



Should I refinance my car loan again?

Im sure you know that the refinance percentage is based off of your credit history/score. I would recommend to wait at least 12 months. Any inquiry on your credit will last for 2 years, so you don't want to run the risk of having them run your credit at the 6 month mark and them not approving it because you don't have an adequate length pay history. If they did deny it, then you would have to run it again at the year point. Also, by waiting at least 12 months, you are showing the credit union (or bank) that you have made 1 years worth of monthly ontime payments. Hope this helped.



I've bookmarked this site to go back to next time I need a loan...



http://www.knowledged.info/go.php?link=a...



Take care.



Should I refinance my car loan again?

Its like buying a car before a year has gone by. The more you refinance the less you will find someone to do it. All you can do is look around but it might not be to your liking. A Credit Union should be around 4-5% not 11.5 If you have good credit. maybe look around for another credit union.



Should I refinance my car loan again?

I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46, 000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email: macroloans@gmail.com



Should I refinance my car loan again?

Hello,



My names are lisa cave i live in united state of america i work in an industried i have two kids and i am christan,the good news here is that i get my loan from Mr daniel walters i have been scamm before until i met mr daniel walters then my case was over.therefore, i advise every one to get there loan from mr daniel walters is a nice man.you can reach him at.Email: danielwalters_agency01@yahoo.com



He is a Private Loan Officer for the above named company and he can be of Help to you. He can help you get the loan you require. His Interest rate of 0.4% is fair enough.



Mr daniel walters



Tel;447045769629

A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 o

I'm willing to pay off that amount of the loan that I could get back from the car sale. Anyone have experience negotiating wih car loan companies on such matters? The alternative for the lender would be take my lower pay off or fail to collect even that from that family member over time.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

There is no negotiating the amount due on the loan. You (they) are contractually obligated to a certain amount, and that's the amount you'll have to pay, regardless of how much you sell the car.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

Unreliable cars, gas hogs, to much to insure or just got the wrong car for the situation then throw in the affordability of the loan. All examples of bad deals .



If you can unload it and lose 1000 that is fine, most people are in the negative way more than that. Just take your loss and move on.



You can not negotiate with the loan. It is a written contract. If the loan was done by means of fraud than that is another thing. Most of the time people are aware of what they are getting into, but still proceed.



A family member is under water on a dumb car loan. If the car was sold there would still be $1,000 out.?

I am no gonna say I am one hundred sure about it.Besides it really depends on the personal feelings.SO it would better for you to find yourself.Here is a good resource.http://loan.online-supporthome.info/14-d...

What can you do with a write off , how can you remove it ? It ia a bad car loan.?

Profit and loss write-offs can not be removed by anyone. Only time will remove this from your credit. 7-years from the last reported activity.



The only way things can be removed is if they are incorrect. If this information is correct? You can not remove it.



What can you do with a write off , how can you remove it ? It ia a bad car loan.?

most write off u can try to get it removed, call them and see

What is the difference between a boat loan, a car loan, and a mortgage? its all money, what is the d

when you borrow money, wether it is for a boat, car, or house, its all money, you can spend it on whatever you want, so what is the difference?



What is the difference between a boat loan, a car loan, and a mortgage? its all money, what is the difference?

Different assets that you are offering as collateral have different resale values and such. They also typically have different terms of useful life. The banks want to protect themselves in the case that you default on your loan. People are also more likely to default and let their boat go into repo than their house, as you can probably understand, so their are different risks. This is why the interest rates, terms and loan to value amounts vary based on what you are financing.



What is the difference between a boat loan, a car loan, and a mortgage? its all money, what is the difference?

The boat and car loans, you basically lose money the moment you leave the dealership. In other words, depreciation.



The Mortgage for the most part, you purchase a home, and you usually appreciate. Unless your completely foolish and buy above your means....like all those that chose the sub prime loans vs a fixed loan.



If you cant afford it, dont do it.



What is the difference between a boat loan, a car loan, and a mortgage? its all money, what is the difference?

no really you can't spend the money on what ever you want . Banks usually ask what you are using it for then they decide if its worth it. Also it depends on type of loan for a boat it could be a personal loan not secured then you could spend it on whatever ,or it could be secured and has to be approved by the bank on its value then it has to go for the boat and they hold the title until paid,a car is usually a secured loan with the title up for collateral , a mortgage is only to buy a house that the bank approves and holds the deed to until its paid.All of these loans have different percentage rates also.Its also depends on your credit ratting on which loan they may approve you for if any. So the only way to get a loan and spend it however you want would be a personal loan with no collateral just your signature(is also known as a signature loan).



What is the difference between a boat loan, a car loan, and a mortgage? its all money, what is the difference?

The loans are all the same in my mind. They are all designed to make you poor and someone else rich.

Toyota Car Loan Equity?

Recently on November 14, 2007, I did the dumest **** in my life...Traded a negative equity old car in and got a 2005 Toyota Corolla CE with 17.49% Interest =l For 75 months



My orginal amount finanacied was 17153.00



My schdeule payments is 380.31, which is around 28 stacks when it's all over with....



.



.



.



I doubled my first payment.....



I plan to do that every month



How long will it take for me to pay if off?



Should I let my amount owe get round $5000 than trade it in?



How much will a 05' Toyota Corolla CE be worth in 3 - 4 years between 40 - 60 k/miles in perfect condition?



Toyota Car Loan Equity?

IF you were to double up every payment, you would pay it off in 2 years and 4 months, which reduces your interest paid to $3860.23. This is assuming you have a 75 month simple interest auto loan with no prepayment penalties. I will give you a link and you can email me if you have questions.



http://www.bankrate.com/brm/auto-loan-ca...



Toyota Car Loan Equity?

If you double your payment every single month, your car will be payed off in 2yrs 4months.. Check out bankrate.com, it has an auto payment calculator, you can put your numbers in it, also you can add extra payments monthly or yearly and it will calculate for you when the car will be payed off. If you can afford, double your payments so you can beat the interest. The Toyota keeps it's value, specially if you keep it long, it will be Ok. Assume You did not have too good credit, but if you pay this car off, than that will change. Just don't trade this one in!!



Toyota Car Loan Equity?

Under your condition,I advise here for you to have a visit.http://carloan.featured-resources.info/b...

How do I pay my car loan payment?

I am so worried. HELP! I've been out on disability for the past month and I haven't received my check. The place I have my car loan through is threatening to take it away.The guy just told me to call the red cross for help - that was embarrassing. They said they don't do that. I have no one to borrow from, and I have $8 in my account. Any ideas? Have any of you been here before?



How do I pay my car loan payment?

If you have a good pay history? Ask them if they will move your payment to the end of your loan. Some lender will do this once a year for good customers.



If not, they normally can not start repossession proceedings until you hove missed 3-payments.



Call and talk to them, the last thing they want to do is take your car, they just want their money.



How do I pay my car loan payment?

Sell the car!



How do I pay my car loan payment?

The best scenario is to actually work with your creditor and discuss your situation. While you still owe them money, they may be able to allow you to pay again a month later. You have to be honest and up front, however, otherwise they will assume your irresponsible.



You should do this soon, you don't want it to harm your credit rating.



How do I pay my car loan payment?

roybob00 is correct. Most creditors are will to deal with you because they want you to make your payments. If you have been putting them off for too long they may be frustrated with you and unwilling to deal.



If they are unwilling to deal you maybe able to refinance the loan through a local credit union or your bank to lower the payments and get on a more flexible payment schedule.



If you are unable to do any of the above you might just consider selling the car for the time being and buying another when you have a more solid financial footing.



How do I pay my car loan payment?

Are you a church member if so go for help there. You have no relitives, Brothers or sister or long lost cousins? You could go back to the place that you owe the money to and beg them for some more time. However many times these type lenders hear all these stories and they either want the money or the car. You could try a quick sale of the car then if you can get over what you owe you could come out ok.



How do I pay my car loan payment?

Have you checked your loan papers to see if you signed up for disability insurance?

Bank car loan question?

How do I pay the seller after I get a loan from the bank? Is it in the form of a check? Maybe a stupid question, but Im not sure.



Bank car loan question?

When you're ready to purchase the car you will be issued an official bank check, at request, which you will hand to the seller.



Bank car loan question?

well they send you a bill and you pay with check, check card or money order or they will set you up for direct debit



Bank car loan question?

They DO take cash...in a pinch. S%26amp;H Green stamps were an option once too but today, a check is the most prefered method. Take him a CERTIFIED FUNDS (bank check) payable to him.



Bank car loan question?

In my experience, the bank handed me a check actually made out to the dealer and I gave it to them. If your car is say, $4400, and you get a $6000 loan, then $1600 would go back to the bank as a payment.



Bank car loan question?

First if it is a new car or a car loan, the bank will give the money to the dealer and hold the title till the car is paid off. You have been approved for a certain amount.



If it is a personal loan for a used car, (your credit is good for the amount unsecured) they will either write you a bank check to the seller for the amount (good idea, as it clears faster) or give you a check made out to you. Which you deposit in your account and write a check or get a money order etc to pay the seller.



Bank car loan question?

There are no checks involved, the bank wants a title or registration receipt with them listed as leinholder before paying for the car. They will give the dealer drafting instructions over the phone or fax and in rare cases will give the buyer the actual draft to take to the dealer.



The dealer will transfer the car into the buyers name and list the bank as a leinholder, then deposit the draft along with the proof of transfer information and the bank will pay him electronically.



Bank car loan question?

Request the bank to send you the check made out to you, in care of the dealership. Then, personally deliver the check to the dealer.



What this means is that you and the dealer need to sign the check for it to be cashed.



You would then sign the check and take it to the dealer. Make sure you get a receipt from them when you deliver the check.



Keep this receipt in case you have issues with what happens next:



If you already took the car before you actually delivered the check from the bank, the dealership likely set up a contingency loan agreement.



This agreement protects them and sets you up with financing in case you did not deliver the check to them. This agreement should be terminated when you deliver the check from the bank.



Bank car loan question?

you can do certified check, cashiers check, personal check (if deposited into your account), or wire transfer into their account. I'd personaly go with the cashiers check. Some banks don't use certified checks. Cashiers checks are guarenteed funds and won't require a hold to be put on it.



You'll want to check these guys out....99% approval they say.



http://www.123thebest.info/go.php?link=a...



Good Luck.



Bank car loan question?

jus-a-thought said it perfectly and simply. Don't worry its not complicated! Good luck :)

How many days late on a car loan can U B b4 they repo your car in the state of California?

I am paying my car note late on friday and on the 5th of October my car note would have been 30 days late. The problem is , Im being harrassed by bill collectors for my car note. The have been calling me all week and I keep telling them Friday. They want me to give them a post dated Check Im like Hell no. Anyway most people say that yes they could come get my car but most likely they want until 60-90 days late. in most states.



Is that a law that applies to California as well. Do I have 60- 90 days. I dont ever remember being harassed like this and its very nerve racking I almost didnt come to work this morning behind this madness. Tomorrow I will Online Bill pay the Whacovia Bank for the late car note only and pay the other one in October .



So are they coming for my car cause I had to get raw with the phone person for talking to me crazy like they didnt understand friday .



Not to mention the last time i was actually late was in 2005 I had to pay a 30 day past due late amount.



How many days late on a car loan can U B b4 they repo your car in the state of California?

FIRST OFF YOU HAVE TO REMEMBER THAT IT IS NOT HARASSMENT TO CALL YOU AND ASK FOR THE MONEY THAT YOU OWE.



SECOND IT WOULD TAKE AT LEAST 60 DAYS FOR ANY FINANCIAL INSTITUTE TO PROCESS THE REPO PAPERWORK.



How many days late on a car loan can U B b4 they repo your car in the state of California?

Jay ,) this is not the place to air your dirty financial laundry), having said that - the most that can happen paying 30 days late is they assess a late fee and its reported to the credit bureaus. Compulsive lateness is grounds for repo, but you must have a pattern or seriously delinquent 90 days plus. If you loan is considered subprime ( high interest) they may be more aggressive with calling and attempting to collect on the debt, but this is merely a scare tactic to get u to pay up quickly.

Used car loan terms?

I am coming out of a lease and I want to buy the SUV at the residual value. It is a 2004 but I recall years ago that a loan on an older care can only be financed for so many months.



Used car loan terms?

High-End vehicles qualify for longer term.



I know it doesn't answer your question but the answer CAN vary on a few things:



The Lien Holder.



Your Fico Credit Score.



The type of auto.



Unfortunately this is something that you're going to have to find out when you apply for different financial backing in the process of buying your vehicle.



But yes... it sounds like you'll be able to get 48 months out of your 2004 unless your credit is really good or it's a luxury vehicle.



Good Luck!



Used car loan terms?

It depends on the lending institution, some will let you got out as far as 72 months

Car title loan help???

I got a $700 loan on my car in oct. of 04 within a few months it had nearly doubled now it is almost $5000- are there any limits to how much they can charge you in hopes to pay back the loan? I purchased the car in march of 04 for about $3500 Slc ut.



Car title loan help???

Why is this question in this section??? Handball IS A SPORT! IT HAS NOTHING TO DO WITH CARS !!!!!



Car title loan help???

Well, hopefully you learned your lesson about short term loans. They are not worth it. BUT- Im sure that you can settle with them for something like 60% of the 5000, you just have to kind of play them a little. Get scandelous, they are!!



Car title loan help???

nope. they can charge you whatever is within the original contract. if i was you i would refinance the loan!!! (because that is rediculous)



Car title loan help???

I know there are limits to the amount that can be charged. It sounds to me that this loan has gone way over that limit. To have a 700$ loan turn into a 5,000$ loan is utterly ridiculous.



Car title loan help???

How on earth can a loan double and triple? Have you made any payments? Or is this what is now owed, since the lender had to take you to court? Doesn't sound right at all...missing information, here.

Paying up car loan early?

I would like to take a $40000 loan over 5 years with 2.5% interest rate.



How much will I have to pay if i am going to pay up the rest of the loan after 1 year.



Paying up car loan early?

Wait the year and pay cash for the car - you'll be able to negotiate a better deal and not waste money paying interest.



Paying up car loan early?

If you are thinking about getting a loan, then you should know about the basics before you get started. If you understand the basic dos and don閳ユ獩s of loans, then you will be better equipped to find the best loan for your needs. Whatever type of loan you are applying for, you should follow these basic rules to help you find the best deal. When searching for a loan, it pays to do your research. Look for as many suitable lenders as you can, so that you can find the very best deal. There are many online pages that%26lt;!--allow you to compare loan rates from a variety of lenders. As well as looking online, check out your high street banks and mortgage lenders for deals too. You may find the loan that you need here,



http://best-loans.awardspace.com/



If possible, try and avoid taking out secured loans. If the amount you need to borrow is small or you have good enough credit to borrow without collateral, then do so. Although unsecured loans have higher rates, they are less risky because your home will not be at risk if you cannot make the payments.Try and take a loan out over the shortest period--%26gt;you can afford. Taking loans out over 10 years or more can be risky, and you cannot be sure what your financial situation will be at that time.



Paying up car loan early?

Your interest rate is very nice! You won't lose much in interest since your rate is very low to begin with and most likely there is no prepayment penalty.



Paying up car loan early?

There is a bunch of useful information like articles,pictures,videos here to help answer your quetion.http://carloan.featured-resources.info/a...

If I default on a car loan, can they put a lien on my home?

If I default on my car loan, can the bank put a lien on my house even if I own the house with my sister?



If I default on a car loan, can they put a lien on my home?

Did you use a homeowner loan to buy the car? Read the loan agreement.



If I default on a car loan, can they put a lien on my home?

Auto Loan Guide: http://autoloanguide.automobil... Report It



If I default on a car loan, can they put a lien on my home?

no. they will repo your car though.



If I default on a car loan, can they put a lien on my home?

No, they'll just reposess your car. They'll usually come in the middle of the night to do it.



If I default on a car loan, can they put a lien on my home?

No, you cannot have a lien on your home for defaulting on your car loan unless you bought it with a home equity loan. However the auto lender does have the right to reposess your vehicle by any means necessary, as it stated on your contract to purchase since they hold the title to your vehicle. Also, any items inside the vehicle may be taken as well whenver they regain (or steal) your car from you.



You can only have a lien on your home if you fail to pay government taxes, or any loans that you took out which were specifically liened against your home.

Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

I totaled a friends car about a year ago. Needless to say we're no longer friends. the car was worth only 8k dollars but has an outstanding loan of nearly 10k. Unfortunately it had no collision insurrance. I had asked him a number of times whether the car was fully insured and he always insisted that it had everthing it needed. Dont cars with loans on them need collision? Illinois Here. Anyway what are my obligations, he's threatening small claims court because im not willing to pay for it. He hasnt told the loan company about the accident and the car was sold to a junkyard right after the accident.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Regardless of what your (former) friend's insurance situation was, YOU are morally, ethically and most likely legally responsible for compensating him for damage to his car while you were using it. How could that not be clear to you? It would have been convenient and less expensive all around if the car had been insured, but the fact that it wasn't is not HIS problem, it's yours. You don't get to skate because he didn't have insurance.



If there was another vehicle involve which may have been at fault as well, then maybe you can go after them.



Meanwhile, do the right thing.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Verify that the insurance hasn't paid it. If they have NOT then PAY UP.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

I am not sure to what extent you are liable but I am sure there would be something that you would have to pay if you were to go to small claims court. However, since he has sold the car, did not have enough insurance, etc. you would not be responsible for the 10k or the 8k. If you were to have to pay. I would guess that it would be the 8k - sale value. Also, since it has been a year ago, he may not be able to prove much...Good luck



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Usually the bank would make sure there is/was full coverage on the vehicle. If you know what bank, call them and ask. Maybe your friend is not being strait with you. It's very irresponsible to still be paying on a vehicle w/out having the full insurance. Was there a police report??? They would have the bank info if you don't. Your friend can sue you, but it still was his/her responsibility for the insurance. Good Luck



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

i would suggest contacting the insurance company. if the car was bought on a loan, then the bank makes it mandatory to have full coverage insurance. that includes collision as well. also the insurance would cover other drivers as well. your friend needs to come clean with the loan company and also tell his insurance company. maybe your friend wasn't paid up on his insurance. in any case, it's his problem. not only covering up the fact the car was totaled, but also threating taking you to small claims court. if he proceeds with this, he will only be in more trouble. once he does tell all, it would make sense that you are responsible for some of the damages. pay what his insurance company recommends and be done with it.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

I don't know about legally, but morally you are obligated to pay whatever the insurance company doesn't. You borrowed the vehicle in good faith and are obligated to return the vehicle to him in similar condition to what you borrowed it. Since you were not able to return it to him that way (as you totaled it) you are obligated to make him %26quot;whole%26quot; again. Some would even say that not only are you obligated to pay what the insurance doesn't pay-you are also obligated to restore his means of lost transportation also.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

You did it.Suck it up and start paying.He should of reported it to his loan co..It is legally their car.He is at fault for not having insurance and can be held liable for damages.Call an attorney.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Get the VIN( vehicle Identification number) on the vehicle but you said It was sold to the salvage yard so try to call the insurance company and notify about the accident because in my state if the person listed on the insurance was not driving the vehicle at the time of the accident then the insurance won楹搕 pay the affected victim. It might be that your friend reported the vehicle in a different way to the insurance company( like stolen per say), and he thinks that even though you need to be responsible for your screw up, you still need to know the truth that he did not cheat the insurance company either. If you need to pay it should be the right amount stated by whoever is being fair, good luck!



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Errr...why aren't you willing to pay for it, dude? You better go ahead and get that second job because the judge will most likely MAKE you pay the cost of the vehicle, court costs and any other fees associated with this mess. Your 'friend' probably had a single interest insurance policy on his car -- meaning that the bank would recieve the value of the policy if the vehicle was destroyed. The remaining loan balance is still due, which is probably what you will be in court for.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Since he claimed to be fully insured, you should offer to pay him $500 towards his deductible. If he chose to cancel the collision coverage, that's his loss. You may want to consult with an attorney and see what he or she recommends.



Totaled a friends car. Has a loan on it still but no collision insurrance. Am i responsible?

Just because the finance company mandates comp/collision insurance DOESN'T mean the insurance company is obligated to AUTOMATICALLY provide this coverage. The insured person has to request this coverage and then pay the premium. So if your friend didn't purchase the appropriate coverage--that's his fault.



However, this doesn't change the fact you totaled out the car. I'm assuming you were at fault for the accident....however, DO YOU HAVE CAR INSURANCE???? If you do, it's only right of you to turn the claim in if you have collision insurance and have your insurance company cover the damage for a non-owned auto.



Either way, you wrecked the car, you totaled it out. You should pay for what you did, whether this guy has insurance or not. So do the right thing, and either pay him or turn it into your insurance for secondary coverage.



BTW.....SOME lenders, not all, will automatically force insurance onto the loan. It doesn't sound like they did in this case, and your friend would know it if they did. As for the sale of the car---he should take the money he received from the sale and send it to his lender. It's there money.

 

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