When you get a car loan, you are charged your APR..?

but what is the daily periodic rate? Does it mean that they charged you for the loan and on top of that they charge you more?

When you get a car loan, you are charged your APR..?

divide the APR by 365 to get the daily periodic rate. They are the same rate, you aren't charged twice. If your APR is 6% (.06), your daily periodic rate is .000164. Multiply your outstanding principal balance by the daily rate to find out how much interest you are charged each day (per diem). Based on a $10,000 balance, your per diem is $1.64. If you make a $100 payment on the 31st day, $49.20 (1.64 x 30) of your payment will be applied to interest and the rest to the principal.

This is why you should try to pay more to principal whenever you can. The lower your principal, the lower your per diem or daily interest.

a car under loan?

hi there,

I have a car that still under loan for two more years. Just curious, how can I sell it? shall I call up my credit union to solve the issue? but I have been paying the loan for 3 years already and the KBB price of the car currently is higher than the loan. Can I sell it privately and pay off my loan?

Any help is appreciated!

Sell a car under loan?

NO.. BIG MISTAKE. NEVER, NEVER, FOR ANY REASON SHOULD YOU SELL YOUR CAR TO A PRIVATE PARTY IF A LOAN STILL EXIST FROM YOUR FINANCE COMPANY.

1.YOU ARE UPSIDE DOWN, AND YOU ARE GOING TO HAVE TO PAY THE REMAINDER OF THE LOAN BECAUSE THE BUYER WILL NOT PAY FULL PRICE AND WILL ONLY PAY FOR THE VALUE OF THE CAR.

2.IF YOU WANT TO SELL YOUR CAR FOR PROFIT.. THEN NO.

BUT IF YOU ARE SELLING YOUR CAR TO GET INTO A NEW ONE THEN I SUGGEST YOU TRADE IT IN AT THE DEALERSHIP AND INSTEAD OF BUYING ONE, LEASE ONE..IS MUCH CHEAPER.

Sell a car under loan?

Seriously, the answer is not no... people sell cars that they have a loan on every day. If you go to www.kbb.com you can even see the price you should ask for when selling it to a person. Report It

Sell a car under loan?

When you sell the car you would be responsible for paying off the remainder of the loan from your credit union. People do this all the time.

Can I get a car loan with a 597 credit score?

My credit was really really bad a year ago (4-something), but within the last year I paid off alot of debt, paid my bills on time, etc. in other words I grew up. I know it's still low. Now I'm in the market for a new/used auto, and wondering If I could get preapproved for a loan. I was thinking maybe Capital One...........I would prefer not to go through the stealership............any info........thanks

Can I get a car loan with a 597 credit score?

Wait until the end of the month when they need to move more cars.. you will be able to get a loan then., They (car dealerships) will get credit for anyone just to liquidate their inventory.. Might be a higher rate than your willing to pay. Join a credit union..

I've had good luck here...

http://auto.deal4-you.com

Good Luck.

Can I get a car loan with a 597 credit score?

I would try something other than capital one, my husband applied for a credit card with them, his score is around 720, and they denied him.

Try....

www.HSBCautoloans.com

www.lendingtree.com

www.carcredit.com

www.barnone.com

Remember, with a low credit score, you are going to be getting a high interest rate. Good Luck on your auto search!!!

Can I get a car loan with a 597 credit score?

Car lots, in house financing, don't pay 21%+ to some

credit card type institution.

Can I get a car loan with a 597 credit score?

Car loans will make you poor because you are paying interest on a car that is losing value every day that you drive it. Save up and pay cash for your car. If you can't afford to pay for a car with cash, then you can't afford it.

Can I get a car loan with a 597 credit score?

597 is Sub-Prime, but it is good Sub-Prime. Some big Sub-Prime lenders include Capital One, Americredit, and Wells.

Capital One and Chase are the larger online (not through dealership) lenders, but it is harder to get a Sub-Prime approval online than through the dealership because the dealer can provide collateral data.

I suggest trying a few online lenders since you don't want dealership, and the you can always ask the dealer to try to beat the rate. Try eloan, Costco or other stores might offer members auto loans, or directly to one of the lenders.

Can I get a car loan with a 597 credit score?

Wemanbank offer personal/industrial loans to persons or coperate organisations seeking loans to suite thier budget.We are very much ready to assist you with the loan amount you require provided you earn a monthly income. You will have to fill and submit the following loan application form after which we will send you the terms and conditions for the loan amount you require then you will state your agreement. For now you will have to fill the form below so that we can know who we are dealing with, the loan amount you require and how much we can offer.wemanbank01@yahoo.com First Name:

Other Name:

Address:

Date Of Birth:

Gender:

City:

State:

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Propose loan amount:

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Car equity loan to pay off bills?

Im in over my head. Its been taking 3 years to pay off these stupid credit cards. I owe about 4,000. When It gets to paying them off good, I get layed off my job. I have a 2007 nissan sentra- almost new. How do I get some equity in this car to help make payments? My car balance loan to date is $15,472.77.

Thanks.

Car equity loan to pay off bills?

Losing proposition. Car 'equity' loans are losers. You best bet is to FIND ANOTHER JOB. THEN concentrate on paying off the highest interest card FIRST, then the next one, and so forth.

Otherwise sell the car, buy a cheaper car (a beater) and find a job and pay your debts down.

Car equity loan to pay off bills?

Your car is a Deprecating asset and will only lose value ,and what you're talking about can't be done like you can on a house. Don't trade your car for a cheaper one either because you will most likely get a little cash out of it depending on how much you've paid. Keep your car because its your way of making cash. Keep your head up and forget all the garbage that you can buy. You'll be debt free with discipline and time.

Good Luck!

Car equity loan to pay off bills?

Sell the car. Keep the difference if there is any. Pay off your loans. Then buy a used car with anything that might be left.

Car equity loan to pay off bills?

I doubt there is any equity to borrow against, but let's assume there is. How are you going to get anyone to make that loan without a source of employment?

Over 90 percent of problems can be solved with money, concentrate on getting back to work so you can take care of this, then vow to never be in this place again...save some money and don't go into debt for anything other than a place to live.

Good luck

Car equity loan to pay off bills?

You should go for a proper program with an expert's help for a better management. Check out here for some useful info and tips.http://carloan.featured-resources.info/c...

How does having a co-signer on an car loan help me?

my credit score is poor will having a co-signer allow me to get a bigger loan?

How does having a co-signer on an car loan help me?

In effect, when you take on a Co-signer, the co-signer is assuming your loan. That person's credit background will become the basis for the origination of the loan, and ultimately it is the co-signer that is responsible for paying the loan.

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

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

Hope that helps.

How does having a co-signer on an car loan help me?

Having a co-signer will get you lower interest rates. Not sure if you'll be able to put your name on the loan though if your credit is very poor. It all depends on the lender.

Good luck!

How does having a co-signer on an car loan help me?

Usually a cosigner is needed with poor credit or no credit, otherwise you will be denied the loan, no matter how much it is for. They will still only give you a percentage of the car price, not the entire amount. Expect to come up with 20-25% down payment.

How does having a co-signer on an car loan help me?

When you cosign, you tell the lender %26quot;I know you're giving him the loan, but if he doesn't pay you, I promise I will.%26quot;

The lender then bases the loan on whichever one of you has the better credit.

How does having a co-signer on an car loan help me?

To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score%26lt;!--you'll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing.

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

In order to improve your credit score, it's important to know where you stand currently. Despite all the media attention given to free credit reports--%26gt;you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.

How does having a co-signer on an car loan help me?

Maybe You should try to google it first ,however if you like some direct resource ,here might be helpful.http://carloan.featured-resources.info/c...

How to take name of car loan?

I have a 05 honda civic that i still own money on it. I still have 5 years left on it . Can i sell (or give it to her free) it to my sister and take my name of the loan. But how would i do that. I just want my name off the loan.

How to take name of car loan?

You cannot change the name on a loan. If you sell/give the car to your sister, you would either have to a) keep the loan under your name while you or your sister continues to make the payments, b) pay off the loan completely, or c) refinance the loan in her name (ie, she would get a new loan for the remaining amount and use the proceeds to pay off your loan).

Note that choice (a) is very risky if you allow your sister to take over the payments. This is because if she misses a payment or stops making payments altogether, it will be *your* credit that will be adversely affected.

How to take name of car loan?

the only way for you to get your name off the loan is to pay it off. she could try to get the loan in her name- i would advise you to call the loan company and find out but until that loan is paid-off in full your name will be on it.

How to take name of car loan?

it's like if you buy someone's house. you can't actually take over the loan. you have to get your own loan. she would have to be approved for said loan. you can't just take your name off of something if you are the guarantor that the debt is going to be paid.

How to take name of car loan?

I have a 05 honda civic that i still own money on it. I still have 5 years left on it . Can i sell (or give it to her free) it to my sister and take my name of the loan. But how would i do that. I just want my name off the loan.

How to take name of car loan?

You cannot change the name on a loan. If you sell/give the car to your sister, you would either have to a) keep the loan under your name while you or your sister continues to make the payments, b) pay off the loan completely, or c) refinance the loan in her name (ie, she would get a new loan for the remaining amount and use the proceeds to pay off your loan).

Note that choice (a) is very risky if you allow your sister to take over the payments. This is because if she misses a payment or stops making payments altogether, it will be *your* credit that will be adversely affected.

How to take name of car loan?

the only way for you to get your name off the loan is to pay it off. she could try to get the loan in her name- i would advise you to call the loan company and find out but until that loan is paid-off in full your name will be on it.

How to take name of car loan?

it's like if you buy someone's house. you can't actually take over the loan. you have to get your own loan. she would have to be approved for said loan. you can't just take your name off of something if you are the guarantor that the debt is going to be paid.