New Car Loan Knowledge Base
Will the same bank finance me for a new car loan? i want to trade in my car for a new one..after the dealer pays the bank off could i use the same bank to finance for a new loan? or would it be harder to get aother loan fro them. i need good answers please!
How to get out of a new car loan? I've just purchased a new car yesturday and thought that I can handle the none expected monthly cost the finance company stated for my new car note. After calculating my total expenses for the month, and include the new car note expense, I realize now that I can't afford it. Is there a way that I can return the car and forfit the loan?
Did I receive an average financing on a new car loan? It's the first time that I buy a brand new car from a dealer. It's a Honda Civic LX. I would like to know if I got a fair deal, an average financing, or if I got charged more than I should be. The deal is done. But at least, I want to know if this is the average burden faced for every new car owner, to face it as a man. Here are the details: Mi credit 650. Sticker price: $18335 Down Payment: $3000 Interest rate: 9.4% and then in the truth-in lending disclosures reads: Finance charge: $7709.21 Amount financed: $24299.11 Total of Pymts. $ 32008.32 Total Sale Price: 35008.32 72 Payments of $444.56 Let me know if you think this is an average loan, or not, and the possible options if any, that I may have. (I was thinking paying 6 months like this, wait for my credit to go up, and then try to finance with the bank since there's no penalty for paying early. I'll appreciate your opinion.
In a new car loan, what is PAD insurance? I purchased a new car on the loan contract there is an extended warrantee charge for $300.00, and a 2nd line that showes PAD insurance $500.00. What is PAD insurance? The Dealor is closed on sunday. Thank you Mellybabe.
How long does it take for a new car loan to have a positive affect on my credit score? I just recently bought a brand new vehicle, financed through a major finance company. I've had a car the past 3 years through a buy here pay here lot, but the payment history wasn't being reported. How many payments with this new vehicle will it take to have a positive affect on my score? Also, not that I'm planning to be late, but how late would a payment need to be before it becomes a negative mark on my score? I do have 3 credit cards as well, though I am carrying a high balance on those at the moment. I wanted to try to prequalify for a home in January, so I that's why I asked the question. I planned on taking the next few months paying off/down the cards.
I currently have a car loan but i want to open a new car loan account? Ok this is the issue i own a honda civic i owe like $2000 but the damn car has been stolen three times everyone has told me to get rid of it Now i have a car loan on it and need to get rid of this horror that has cost me so much What i need to know 1) if i can can get a new car loan through my bank 2) Sell it privately and pay off with the money i get form the sell
I signed a new car loan but did not have full coverage insurance. Is this contract valid? I signed a new car loan. They told me that I could not take the car home until I had full coverage insurance. When I went to get insurance they would not cover me any further. Now I want out of the deal with the dealership. I was told by a friend that the paperwork that I filled out was fraudulent since they knew that I did not have full coverage. Is this true and can this contract be voided because of it?
How to get a low interest rate on a new car loan? I am 19, I have no credit. Never had any loans or credit cards. What is the best way to get a car loan with a low interest rate. Currently I have been approved for a rate of 7.25% is there any lower? Please help. Thank You
What are the chances of getting a new car loan with a credit score in the lower 600s? I recently looked up my credit score to see where I am at b/c I am interested in a getting a new car b/c the one I have is causing to many problems and it seems pointless to keep fixing it...what are my chances of getting a decent deal with trading in a 2003 Mazda 6 for a new car (toyota or honda) with my credit score being as it is? Any advice would help b/c I am completely clueless and need all the help I can get Thanks
Bad Credit Looking for New Car Loan is this Possible? I live in Boston, MA. I was wondering do anyone know any credit card company that will offer me a line of credit for a car loan. I need about 19,000/k. Which I will pay of in 48months. If there is a way to do this. I have bad credit and will think having a car loan will be a great way for me to rebuild my credit.
How can my dad remove his name from a new car loan that he did for someone that he just met? My 75 yr. old dad put his name on a new car load for a lady he has only known for a few months. She said her credit wasn't that good and needed a car. How can he get this loan for this new car out of his name legally? One payment has already been made and she has had the car for 2 months now. My sister and I just found about this in picking up his mail while he was on a trip.
Hey can you pay off a new loan or car off right away? Is it possible for to pay off a new car when you get it at the dealership, if you have the money? Now also can you do that with a loan as well. Becuase I have recieved a loan for $10,000 and I was thinking about paying it all off in full. I have the money to do this. now what's a personal and cashiers check all about?
Can you roll negative equity in to a new car loan? I totaled my car and insurance paid everything except $2k. I am making the payments and am down to $1800 right now. If I wanted to finance a new car, would I be able to add the $1800 (it will actually be down at around $1k by the time I am able) on to the new one? How does this work and how does it affect APR? Also, will I have to go through the same dealership or can I shop elsewhere?
Can I transfer my current car loan into a new car loan? I bought a Honda Accord this year on March in a local/small dealer, around July I had a car accident and well the insurance didn't cover any damages, so now I'm paying for a car that is totaled and well not drive-able. My question is, if I go to another dealer(any real big dealer like Honda, Nissan, Ford, etc) will they be able to transfer my current balance of the car I owe, into the new one that I'll get?
Bible Study Once A Week For A New Car Loan? So I am not religious anymore, in fact I am more anti-religion and most people know it. I have a pretty good relationship with my Mother who is Jehovah witness and a fundamentalist. I work 7 days a week, my car is in bad shape and I am looking for a new car. She said to me today that if I agree to Bible study once a week with one of her study groups that she would agree with a co-sign on a car loan. What do you think is it worth it?
How come people who have filed Bankrupcy can get credit cards or a new car loan? My name is Alan and I am married with 2 plus children. I financed a used car through Americredit and I have a another loan through Triad Financial. At the time of purchase my wife was working. Together our income has been 60,000 plus per year. I recieved the news that my wife may loose her job at the end of June. Through a course of events the car that I got from Max Madsen has fallen apart. I owe $14,750 on the car and the car has been appraised for 2500 from car max. the car is 2 x 60 and 1 x 90 -- I have a van through Triad which is 1 payment behind. With all total debt I would say that I am in total debt of 30,000-40,000. I was recently in a carmax and they told me not to get another vehicle but to get rid of this car. I have been trying to find a car with rebates so I can apply the negative equity to the car. A salesman told me that he had a man that brought a capital one check for a car for 25,000 who just filed chapter. Is this a good idea. I am running in circles
Is it easier to get a new car loan from the bank or the dealership? My bank agreed to a 15,000 loan but only with a co-signer, because I have never borrowed anything close to that and I had some late payments a little over a year ago. I don't have anyone to co-sign. Is the dealership (Hyundai) more likely to push a loan approval through without a co-signer?
Are there cons to buying a new car without taking out a loan? I am thinking of buying a new car in the next year or two (because it looks like repairs will soon cost more than the trade in value of my car). Because I hope to have a condo by then, I don't want to have both a mortgage and a car loan. I would be able to pay for the car without taking out a loan, but I have several questions: 1.Is there any reason this would not be a good idea? 2. Would they need to do a credit check still, or special background checks? 3. Would it be better to just put a large downpayment and get a smaller loan (which I could try to pay off sooner)? Of course I would make sure to have enough for emergencies afterwards. Any advice or suggestions would be appreciated. Thanks.
How do i go about getting a new or used car loan with zero credit? I have bought 2 new cars and even had credit cards ...but its been about 11 years since i have paid off all those loans. I went to buy a car the other day and they said I have zero credit...even though I have bought in the past. so how can i reestablish my credit to get a car or are there any car dealers that would approve such loans based on my zero credit score....thank you
Am I getting scammed with my new car and loan at the car dealership? So I have been looking at a new car and have been talking to this dealership for about a week, and i'm starting to think that a few things are sounding a bit shady... First off, the dealer doesn't seem to care about the price of the car, but rather how much my monthly payment will be...it just seems like that is more important to him. Second, he's starting to say that if I can't make the payments that he will pay off my loan....that in no sense seems right to me. Anyway, what do you all think is going on here?
When buying a new car with loan, my credit? I am a graduating student so I don't have any credit score yet. But is it possible to buy a new car with loan? And I have my own car which has been paid off in full, which I bought 4 years ago with loan but anyhow it's paid off. Yeah actually someone co-signed with me for my current car. But this time I am wondering if there can be any difference because I already own a car under my name.
Will my credit score drop if I open a new car loan.? I had a existing car loan but traded my car in for another one so I opened a new car loan with a larger amount. My credit score is 740. Will it go down for any reason because I was planning to buy a house within the next couple of months. By debt to loan ratio will increase. So I'll owe more.
Is there a way to roll over the debt from my last car into a new loan? My car was just totaled out and now I cam currently up-side down on my car. I don't have GAP insurance (yes I have learned a big lesson). I need to get another car, because it is crucial for my work and home life. I need to figure out the best option for me refinancing my old loan and taking out another car loan. I am so stuck between a rock and a hard place.
Planning to buy a new car, Bank loan or Dealer loan? I am planning to purchase a new car from toyota....i heard that auto loans that are not from the dealer have a way lower apr rate (capital one or HSBC). What would be the best way to go? loan with the dealer or a bank.
Will trading in my car and not beign on the new loan benefit my credit at all? last March I bought an 07 Ford Mustang, how ever an Aunt of mine co-signed on that loan, she was the "primary" person on the loan, she recently took over payments and ended up trading in the Mustang and getting a loan for her new car on her own. My question is if this benefits my credit at all, I mean when it was traded in I would think it would the first loan would be paid by the second one, benefiting my Credit ? Am I wrong?
How do I sell my brand new car? I have a loan payment through Toyota? I bought a 2008 Toyota Corolla in October and now I am ready to sell it. I took out a car loan through Toyota and make monthly payments. When I sell, do I ask for a money order, or do they take over my loan payments? How can I get credit for the money I put on it already (downpayment etc)? Thanks!
I want to buy a new car and want to know if I can get a car loan with very little credit? Im 20 years old and trying to buy a $25,000 dollar truck, I have 8,000 to put as a down payment on the truck. I have the money to pay it off which I got from my grandma when she died to use as callateral, but I really dont want to use all of it to pay it, I would like to save it and just pay it off myself ya know. Do you think that if I went to like washington mutual (where I do my banking) or anyplace in that matter that they would hook me up with an auto loan? To the people that are thinking why not just get a credit card, buy something, then pay it off, theres only one problem with that, it take almost three years to establish your credit. If anyone has anyplace they used to maybe get a car loan that was at a low APR then please let me know. Thanks!
When buying a new car do I really need a car loan? I have more than enough for the due at signing, fees, etc, and several monthly payments but not the full amount for the car itself. Also, I'm a new driver and have to get my own insurance: do I need to walk in with an insurance company already backing me?
Is there anyway to get a car loan added to a new mortgage loan? Three years ago I jumped into a truck payment that was extremely high. I have three years left on the loan now. I am really interested in moving out of my parents house but this would only be possible if I could have the truck loan added into the new mortgage loan. That way I would have one payment instead of two payments. Does anyone know anyway to do this or anyways around this? I prefer not to sell my truck and would really like to get it added to a mortgage. Any help would be much appreciated. Thanks for your help.
can new zealanders get a car loan in australia? Mocing to australia soon and worried cant afford to buy a car as ver expensive, can a nz citazen get a car loan i australia and whats the criteria? we have a job lined up but need to know if there is a lengh of time we need to wait before a loan can be done?
Can you finance a new car through a loan? I just turned 16, my mother & I have been searching for a new car. With all of the options, we are thinking about leasing a brand new car. It'd be a Volkswagen of some sort. We are getting a loan from the credit union, we're just waiting to tell them how much we need. Her credit isn't that great.
I need a new car, Should I apply for a car loan? Here is my stats. I'm only 21, I'm a full-time student and a part time worker averaging 21-30 hours a week. I have only 2 credit cards that are no were near being maxed out. Is getting a car loan a stupid idea, or should I go for it.
can you transfer a car loan to a new car? I have a pre-existing car loan but the car is not in the best condition...if I were to buy a new car would I have to still pay off that loan? or could i have more money added on to it, or take out a second loan
Finding a new company to finance a car loan? Right now i'm currently with CITI Bank. I'm desperatly trying to find a new company to finance through, simply because CITI bank is just plan nasty, one day late on a payment and they call me, asking me where my car was because they were going to pick it up, it ended up in a screaming match, because I don't put up with b.s. like that. Is it even possible to switch? If so, How?
How can I afford a new car with my current loan debt? I bought a used car last July that's nickel and diming me and now I'm ready for a new car. Final purchase price of the car was $17K total, including financing interest. Sticker was about $14K. This first year of ownership has cost me $6K, including down payment and monthly payments. However, Kelly Blue Book trade in value for my vehicle right now is a miserable $7K. So, even if I sold my car now for $7K, I'd still owe about $2K on the loan I'd have to pay out of my own pocket. And, on top of that I'd have no car. Any help in how I might get a new car and make it work financially?
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