Overhaulin'

car loan???? I tried getting a loan with my bank but they denied my due to my credit being bad....does anyone know where i could go to get a loan for a car....i also want to buy my car from a auction i dont know if that makes a difference????

How does a preapproved car loan work? I'm about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?

How will paying for a car loan on a repo car affect my credit score? My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound right to anyone? How would it really affect my credit if I pay off the loan now?

What are my chances of getting a car loan? I don't know my credit score, but I can give you some details. I have been working out of college for 7 months. I make $32000 a year. I have been paying rent and utilities for 27 straight months without any late payments. I also have student loans, of which I pay $55/month and my parents pay the remaining $120/month. I have one credit card with a $1000 limit and never missed a payment and owe $0. The only other thing I pay for (other than usual groceries, etc) is car insurance. What are my chances of getting a $12-13k loan for a car? If it helps, I will be putting $5k down on it. I may also chose to go private sale for the car, but will still need the $12-13k loan and pay the difference in cash. ALSO, important...I won't have a cosigner. I don't have anyone who can cosign for me. Thanks everyone for the initial responses. I have already resorted to the fact that my interest rate is going to be a little high. If I could get a rate around 10-12% then I should be good with the monthly payment. I calculated using 10% and was under my threshold payment-wise. I figure if I put 30% down on the cost of the car (minus taxes, title) then I shouldn't be upside-down on the loan.

How exactly does a car loan work? I bought a 2007 Toyota Camry last August. It is still appraised at $21,900 in the blue book. However, I have not so great credit so I still owe $28k on my loan from Citi. I have been thinking about trading in my car and getting a used car that is about $13k or so. Is that stupid? Any help would be appreciated. Thanks!

What happens to my car loan if my co-signer files bankruptcy? I have a car loan of about $10,000. I got this loan about 9 months ago. I am just wondering how it will affect me if my co-signer files bankruptcy. The car is in my name and she is the co-signer. So with all this new stuff I know does this mean they can come take my car too? Even though I make the payments .

How do I get a car loan with a crappy credit history? I'm a couple grand in debt, not much really but i've been late on a lot of payments as a result of being unemployed for a time. My car is about to give up but right now i'm new in my job and can't afford to pay the huge payments that my credit card requires. Does anyone know of a good way to get a car loan depite bad credit?

How to sell a car that is already under car finance loan. Please let me know? I purchased a car before six months with a help of car loan. I would like to sell the car now. Do i need to pay my loan first and sell the car or is there any facility to transfer the loan to any buyer.

Can i rebuild my credit without a car loan? If i file bankruptcy, can i still rebuild my credit without a car loan? I want to purchase a paid off car and get liability insurance. I still have a student loan and 2 credit cards, I am planning to keep them to rebuild my credit. Will these get me to 700s after 2-3 years of paying on time?

How do I get a used car loan wihout any credit history? I have applied on a variety of online websites for a used car loan. They will deny me as I have no credit history. I tried CapitalOne and eLoan as well. My income is about $1400 monthly. I want a 10k loan to buy a used RSX from someone. I even tried getting the same car from a dealer but the guy told me to apply at CapitalOne which as I already said denied it. I don't have anyone I could use as a co-signer either. Any ideas how I can get the loan for this car without having to wait for better credit history?

What do you need to get a first time car loan WITH a cosigner? Hi! I am wanting to buy my first car. I'm 18 years old and the car I want is about $15,000. I just got a job (I have had other jobs before but not for the past 2 months) but I don't start for another 3 weeks. I will be earning about $600 a month. I have NO other bills to pay, and my parents will be giving me the money for insurance and HALF of the car payment, so paying it will be no problem. I need to apply for a loan, and I WILL have a cosigner with excellent credit (my dad). I know it varies from place to place, but in general, will I need to have worked at my job for a certain amount of time before I can get a loan? Also, can I put down what my parents give me as additional income when applying for loans? THANKS so much!

What is the difference between a car loan and car lease? My mom wants to return her vehicle and she says it's out on a loan. My parents never bought a car, and now that my father passed away, she turns to me for what to do. She wants to know if she can just go and turn it in and pick out a new one or will she have to pay more for some damage to the vehicle! Please help. Serious answers only!

How can I get an car loan with very bad credit? I am in desparate need of a car loan. My car was stolen over the weekend and I need a car where I live. I have what most would consider Bad credit and need some advice on where to shop for a loan without paying an outrageous interest rate. The other problem is that I don't want to apply for too many lenders because it lowers your credit score even more. Please help. Thanx.

How long does it take for a car loan to appear on your credit report? My husband and I both need new cars. We have an average credit rating. Will the 1st car purchase (we will have a down pymnt) make it harder for the 2nd car loan (w/ $4000 down & trade in worth $8,000)? Do you need to wait a few months or could we purchase both in the same month?

If you have a car loan but want to get rid of the car what can you do? I have a high car loan payment and i'm lokkng at ways to get rid of the payment. So if I can get rid of the car that would be nice. What are some option I have?

When does a new car loan appear on your credit report? After making the first payment? I drove a car off the lot, but never finalized the loan with the 30 day warranty period. I returned the car back to the dealership. Will pulling the car off the lot be reported to my credit history or will it not show anything at all because I had not even made my first payment?

How can a person get out of a car loan with negative equity? In April of 2006 I bought a brand new Nissan.In the loan there was a negative rollover of $3,000, so the total amount of the loan ended up being $21,000. I have it paid down to $18,900 but I'm finding the payments way out of my budget. The trade in value of the car is now only $11,500. What are my options? I really do not want to effect my credit score but I desperately want to get rid of my car.

How can I get a car loan without paying comprehensive insurance? I would like to buy a eclipse for $6500 and currently only have $2000 in cash. I would like to be able to build some credit and could easily pay the car off in under 6 months. The main thing is that I don't want to have to have comprehensive insurance on my vehicle while its on the loan cause the price of my insurance will go up $250 making outrageous in my mind. All help welcome thanks!

How do I transfer my car loan to someone else and have them take over the payments? I have decent credit and I basically need out of a loan I have. I have heard that people interested could take out their own loan and purchase the car but I was hoping that there may be a way to just sign the loan over and have someone take over the payments of the vehicle. Any advice?

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?

Can I transfer an old car loan balance to a new car loan without a trade in? I owe $2000 on my old car. I want a new car. I am giving my old car to my mom. Can I transfer the $2000 to my new car loan without a trade-in? (The car definitely is not worth $2000)My husband thinks I have to trade it in to transfer the balance.

What is the minimum age to avail car loan? I just turned 18 in September (2007, obviously), and I want to buy a car. My monthly income is well over 80,000 and I was wondering if I can avail car loan in India.

Can I get a student loan while paying a current car loan? I have a little less than $5000 more to pay off on my car loan. I am trying to get accepted to a good 4 year college (one that is going to cost me about $36,000 a year). I am currently entering my second year of community college. I want to get a $40,000 loan. My credit score is about 730. Would getting a $40,000 loan for my junior year and another $40,000 loan for my senior year be a problem? Also, is it legal for me to use $5000 of the first loan to pay of my car loan?

How fast should i refinance my car loan? Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once. So 4 months passed. SHould i try to refinance it or wait at least 12 months??? Thank you.

How does one apply for a car loan using new company credit? My mom just opened her own woodworks business and wants to apply for a car/ truck loan. She wants to apply for it using her small business credit, not her personal credit.

What is the best way to get approved for a car loan? I have bad credit. I currently have a car loan and a co-signer on the loan. I need to take her off the loan now, and HSBC doesnt allow you to refinance, so i have to apply for a whole new loan with someone. I already tried with Scotiabank and got denied. Any suggestions?

Solve an argument - refinancing car loan AFTER making really large payment? If you're planning to refinance your car loan in a few months (at a MUCH lower interest rate) what is the logic in paying a large chunk of money NOW to the company that holds the high-interest loan at the moment? Seriously, I'm missing the logic here. Wouldn't it be smarter, if you have a chunk of money (which is equal to three high-interest rate car loan payments) why wouldn't you just make your normal payment for the next few months, refinance at the lower rate and THEN pay the big chunk of money?

What is a reasonable interest rate for a used car loan? I plan on purchasing a used car from a local dealer, and go shopping at several car dealerships. What is, in your experience, a reasonable, most used interest rate for the car loan financed through the dealership?

What is a reputable place to get a car loan with bad credit? I have a rough beacon (550) and in need of a 2nd car as my wife and I are sharing one. I just want to get a 5000-8000 loan and have payments around 300-350 a month. I do not want to go to a nuy here pay here dealership. I would rather deal with an individual selling a car.

Can I get a car loan while unemployed, but with good credit? I will be starting grad school in the fall and am required to have a car for the particular program I'm in. I am not planning to be employed at all during the time I am in school. I ended my job about three weeks ago so I could do some traveling before the school year starts. I will be receiving about $30,000 in grants, scholarships, and loans each school year. $10,000 of this will go to paying tuition, books, etc. and so I will therefore be living off the remaining $20,000. Is there any chance that when I go to apply for a car loan that they will consider these loans and scholarships as income in lieu of an actual earned income from a job? What are my chances of being approved as an unemployed student? I do have excellent credit.

Where to get a used car loan for high mileage car? Where can I get a loan for a used car with over 100,000 miles and about 9 yrs old? I will be buying from a private party and want about an $ 8 to 10 K loan. All of the loan companies/banks I spoke with have guidelines on the age and mileage of the car.

How can you feasibly sell a car with a loan payment pending? Dear Yahoo folks, I have 2003 Honda CR-V, outstanding and looks just as new, with low mileage. I might be moving or other personal reasons, otherwise I will not sell this great crv. I want to sell it, but I am still making payments on a car loan?. Any suggestions to go about?. A dealer want to buy but they can literally rip the actual value of the price down to unreasonable one? So, any advice? Thanks to all of you for the important posts, please give me some details about the Payoff Note?, and other posters "What is signature loan?. what do car max people do?, will they transfer the existing loan in their co's name and buy my car?. thanks, muni

Whats my best way to save for a home with a car loan? Heres my situation I have managed to save approximately $5500 for a home and I have another $2800 on its way from my tax return and I want to start looking this summer, also I owe approximately $10000 at 5.9% interest on my car. Would it be in my best interest to pay off the car loan, try and combine the loans if I find a home and keep the cash for a down payment or for fixing up my house or maybe to keep the loans seperate and wait and see what I find first? I have excellent credit also if that helps. Thank you for any help you can provide. I make approximately 40,000 a year and am looking for a home priced around 100,000 maybe.

Shopping for a used car and trading in a vehicle when shopping for a loan how do they factor in the old loan? I just would like to know how to shop for a used car loan while owing money 2k-3k more than what its worth on the prospective trade in vehicle. I understand that this will be rolled into the new car loan but the vehicle is going to be traded in regardless. Any input would be greatly appreciated.

What it is a good debt to income ratio when getting another car loan? My husband is going to need a new work car cause his about shot and he drives 50 miles a day to work. But we already have a car loan on my vehicle. It is our only debt of 14000 and my husband makes 45-50k depending on over time and work load. Would it be hard to get a small loan to get a little work car?

What’s the best way to request a lower interest rate on a car loan? We have a car loan that began in 2005 and have never made 1 late payment – every month the car loan was paid on time. We’ve recently received offers from various banks/loans proposing a lower interest rate. We want to stay with our current auto loan provider but want them to lower the interest rate… is that possible? If so, how should we approach this request?

Will a down payment increase my chances at a car loan? I want to buy a pre-owned car in January and use my tax return as a down payment but I have bad credit. Does a down payment increase the chance that they'll give me a loan? I am planning on a $2000 down payment and buying a car that's not over $10k. I make $2800 a month, so I can afford it.

Can I roll the balance of a GMAC car loan into a Toyota Financial Services car loan? Considering a trade-in value of about $10,000, the remaining balance of the loan from GMAC will be about $3,000. Can this be rolled into a Toyota Financial Services car loan?

How does car loan thru bank work? I will need to get an car loan for $12000 or so. But I never received an car loan thru bank and am not sure how it works. Once submitting the loan application form, then what?

Where can I get the best car loan with bad credit? I transport people to and from Bible study and I need a car but first I need a car loan. My credit score is kind of low though. I also need to get to and from work. Any suggestions?

Is it possible to return a car purchased with a car loan? My car is a 05 honda pilot purchased used and we got a loan. So, we had lots of probems and now we arent sure about the car:( We had the car for 2 months. I really dont mind paying 1 thousand to get out of the deal.

How soon after closing on an FHA loan can I get a car loan? My husband and I are closing on a fha loan on Wednesday. How long after closing should I wait to buy a slightly used car? I know not to do anything in til we have closed but after that can I apply for a car loan?

How can you change your current car loan with a bank to another bank? I am wondering if there is a way to change my current car loan with a bank to another bank with better loan rates?? PLease any help...

Will applying for car loans with multiple lenders hurt my chances of getting a loan? I'm fresh out of college and in need of a new car. I'm shopping for rates - filled out a credit application with the dealer, and a couple online. One of the lenders I applied with online wrote at the bottom of an email to "be sure not to apply in multiple places as it would hurt my credit score and negatively affect my chances of getting a loan!" Is this true?! If so, how am I supposed to compare rates?

How long do I need to have a car loan before paying it off to get credit for it on my credit report? When I bought my car in January, I could have paid for it in cash but wasn't sure I wanted to part with the cash. I now want to pay off the loan, but the guy at the car dealer said that I shouldn't pay it off right away or I won't get "credit" for it on my credit report? Is this true? If so, how long do I have to have this loan before I get "credit" for it on my credit report?

How do you get a car loan if you have no credit, but bad credit? One of the things car dealers look for is established credit, if you do not have it they offer the first time buyers package. Only I don't qualify because even though I have no credit, I do have bad credit because of a Verizon phone/Net bill and a medical bill. Now paying these off is a step in the right direction but it's not going to help right now in concerns to getting a loan. Normally I'd be like screw it and get a used private one, only I went through two of them in the past year hurting my self in the process. Is there ANYTHING I can do? We're Sorry Thank you for your interest in DriveTime. Based on the information you provided on your application, we can't currently offer you a DriveTime auto loan. Although we approve more than 95 percent of all applicants, one or more of your responses on our application form indicate that you are not currently an ideal candidate for DriveTime financing: See what I'm saying, they make a bad situation worse, I have a full time job that pays close to 20 grand a year, so they lie when they say credit isn't a problem.

How to get a copy of the loan application I filled out for car loan last year? Last year I got a car loan for a new car. I filled out the paper work at the dealership for the loan. I cant remember what I put for income and I was just wondering how I could get a copy of the application? I am current on payments so it is not a matter of defaulting on the loan because have saved enough to take care of the payments.

How much money down should I save for a car loan? I'm looking to buy a used car and will probably seek a loan between 2000 and 3000 dollars. How much money down should I have saved?

I signed a car loan for my brother. How long do I have to wait to remove my name? My brother have no credit and I signed a car loan for him. I'm the main owner and he is the co-signer. I always paid my loan on time and my credit score is above 800. How long do I have to wait to remove my name out of the loan? The loan is for a $25,000 car.

What happens to an existing car loan if I were to buy another car? I bought a car in 2003 and owe about $8000 on it but am thinking of buying a new one. What will happen to my existing loan if I were to buy a new car? I would still owe that right? Would they just add that amount to a new loan amount? I'm confused about how this works. Please help!

How long does it take for a car dealership to pay off your old car loan? I traded in my car about a week ago, and the dealership has not paid off my previous loan yet. I was wondering how long it typically takes.

What happens if you dont pay your car loan? What happens if you dont pay your car loan? Can they report the car stolen? If so how do you know they reported it stolen?

Can i rebuild my credit without a car loan? If i file bankruptcy, can i still rebuild my credit without a car loan? I want to purchase a paid off car and get liability insurance. I still have a student loan and 2 credit cards, i'm planning to keep them to rebuild my credit. Will these get me to 700s after 2-3 years of paying on time?

How long does it take for a car loan to appear on your credit report? My husband and I both need new cars. We have an average credit rating. Will the 1st car purchase (we will have a down pymnt) make it harder for the 2nd car loan (w/ $4000 down & trade in worth $8,000)? Do you need to wait a few months or could we purchase both in the same month?

What, if anything, happens with credit when car loan is paid off? I own my car outright and my husbands car has 4 more payments before we own it outright. The payments are nearly $500 a month. How does this affect a credit score? Does the loan show as satisfied on his credit report once they record the final payment?

How can a person get out of a car loan with negative equity? In April of 2006 I bought a brand new Nissan.In the loan there was a negative rollover of $3,000, so the total amount of the loan ended up being $21,000. I have it paid down to $18,900 but I'm finding the payments way out of my budget. The trade in value of the car is now only $11,500. What are my options? I really do not want to effect my credit score but I desperately want to get rid of my car.

What is the minimum age to avail car loan? I just turned 18 in September (2007, obviously), and I want to buy a car. My monthly income is well over 80,000 and I was wondering if I can avail car loan in India. If yes, then which bank? I just checked out some bank websites. They all say 21 is the minimum age. Ouch! Any clues?