Overhaulin' - New Car Loans Knowledge Base

New Car Loans Knowledge Base

Why are the rates for longer new car loans less than shorter terms ? Makes no sense to me. average rates across the country..... 36 Month New Car Loan 6.32% 6.35% 48 Month New Car Loan 6.39% 6.41% 60 Month New Car Loan 6.43% 6.45% 72 Month New Car Loan 4.28% 4.46% Im almost positive that 72 month loans have more defaults than shorter terms.

Should Me and my wife apply for new car loans jointly or separate? ? Me and my wife just recently got married, and it is time for both of us to purchase cars. My FICO score is 650 and her FICO score is around 750. My salary is almost twice hers. Should we apply for our car loans seperately? I know this would help my interest rate, but I don't want to hurt her interest rate. Thanks in advance!

What's the best available interest rate for new car loans? Im looking into buying a car and am wondering what rates are out there....

what is the difference between new auto loans and new car loans from capital one? I need a motorcycle loan

Does Chrysler Financial no longer offer new car loans? Do they not finance the sale of their own vehicles anymore?

Any one who works with new car loans please, a little advice? in april of 06 my bf had to get rid of his old car, He BEGGED me to help him get a new car. And got screwed. We got a new car and traded in his car, which he owed about 4 G's more than it was worth. Long story short, I co-signed and he got the car for 26 G's 19% interest rate for 72 mon. this was mainly due to his awful credit, mine was fair (had a score of 640 at the time). Now, I am in need of a vehicle and I was wondering what to expect to pay for my loan. Since co-signing my score took a huge blow, its gone down to 579. I'm paying off a collection, and payed off my credit card. will help that help? plan on getting a 22 G dollar car and plan to put down 5's. will this help with not getting completely shafted on the loan or help me even get one at all? I'm so afraid of getting a no because the other loan is still new. you guys have any advide that would help me get a loan or a half decent rate? been paying EVERYTHING on time, including the car. I plan to buy my car in Dec. HELP PLS!

In 2009, 60% of car loans will be paid off, does that mean people will rush to buy new cars? A car salesman told me there are 4 to 5 year car buying peaks, the last peak in car sales were from the years 2005 and 2006. he said most car loans will be paid off in 2009 and 2010 and in those same years they are expecting another peak in new car sales. any truth in that?

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!

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.

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?

I have two car loans and would like to put money down towards one of them. Which one should I choose? I have two car loans with the same interest rate 5.65%. One loan is 10,281 and the other one is a new car loan at 22,525 that's with taxes included. I plan to put 6,000 down towards one of the loans. Do I put the money on the lower one to pay it off sooner or refinance the new one and decrease the taxes and interest paid over the life of the loan. It doesn't cost anything to refinance with my credit union, so there are no fees involved. Im having a hard time determining which way is more cost effective.

How come interest rates on car loans tend to be more on used cars and less on New cars?

What are my options for carrying over a car loan onto a new car loan if my car is damaged? I'm paying on a car that I can't drive. What can I do about carrying over the amount I owe on it to a new car loan?

Can I get a new car loan with a repossession my report if I have a valid cosigner? I had my car repossessed about 1 year ago. Payment was in transit and as soon as they received the payment (2 days later) my car was released. I am looking to buy a new car and realized my credit score was hurt but can I get a new car loan with a very valid co-signer?

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 is the interest rate for rolling over negative equity into a new car loan? We are looking to trade in a car in which we have $3,000 negatvie equity onto a new car loan of $11,000...making the financing $14,000. Assuming perfect credit, what impact does this typically have on the interest rate of the new car loan, if any.

Can I receive sales tax write off on barely used car when bank treated the loan as a new car? I bought a car in July 2009. It was a 2008 Honda with only 5,000 miles on it. Tecnically the car is used, but Bank of America treated my auto loan as a NEW car loan (I'm assuming because the car was barely used). I know you can write off the sales tax of a new car purchased in 2009, but what about in this case?

Is the "Cash for Clunkers" plan a ploy to get people to take out car loans they can't afford? If you have an older car which works perfectly fine, even if it's not the most fuel efficient, will putting $4500 towards a new car a good idea? Will it sucker people into taking out new car loans because of this unbelievable carrot dangling in front of them?

Best source for new car loan with bad credit and great income? I recently was turned down on preapproval app for new car loan from my bank, Chase. I have bad credit score, but make nearly $100k a year, professional, stable career. Where should I go for approval?

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

Car Loans for new cars? i used to have writ of summon for my credit cards few years back, owe the bank less than 10k. But recently i have cleared every single cents on Jan 09. Currently self employed. Last year income tax i had file 79K. I am trying to get a loan for a 90k new car. Why all bank reject me?? If it is due to the bad credit record? how long will my record in CBS will be erase? Does it mean that those use to have records with CBS will never be able to buy cars???!!!

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.

should i buy a new car with my student loans? the interest rate in my student loan is 6%, i need a car and it is my last year of school, should buy a car from my student loans?

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.

how long are most new car loans?

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

what do you think of people who does loans with the bank to buy themsleves a new car? do you understand why some people wnat to have a nice car and then borrow money from the banK? it doesn't have to be big money but just a loan for a car u know; ive got a friends who does it. then others friends who think that if you don't have the cash then you shouldnt borrow money to the bank to be able to buy yourself a new car. i'll tell you what i think when i chose an answer ++

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.

can a permanent resident with no source of income except for a new week old job have a 100% car loan? I am in search of a good job and want to save time travelling in public transport.For this need a car , but haven't got enough money.My friends told me that a PR can have such a loan for new car. I may need around $29000 as loan amount.

I am trying to get a new car loan next year but i have 3 credit cards at a collection agency will if help if? i pay them off? I also have a car loan with 7k left that will be paid off next year is there a possibility that i can even be approved for a new car. I also have 2500 in savings. i have 2yrs on the same job and my beacon score right now is 598.Are there any loan or sales experts that can help please!

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?

Why would the temporary title from my new car show an incorrect purchase price? We recently bought a new car (dealer demo) with about 5300 miles. The purchase price on our temporary title shows about 12K less than the price we paid for the car. It just so happens that we traded in our old car and that price difference is the same as the payoff on our trade in. We know we didn't roll any of our trade in on the new car loan because we got our car loan directly from our bank...not from one of the banks the dealership uses to finance people. So, why would the purchase price on our title not show the price we actually paid for the car?

How do I get a new car loan with no prior established history? Could i just save money in my bank account, and show my work history to the car dealer? Thanks

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

Will a new credit card prevent me from getting a car loan? Will opening a credit card from a retail store (The Buckle) affect my chances of getting a loan for a new car? I am afraid it will, but my roommate says it won't. I don't want to do anything that will screw my chances.

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?

What's a good rate to aim for when getting a new car loan? It's been a while since I financed a brand new vehicle. I am interested in the 2009 Saturn Vue. What is a good percentage to aim for when talking about the interest on a finance loan?

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.

How Can I Possibly Qualify For A New Car Loan With A Low Fico Score? I messed up my credit horribly last year with a foreclosure, now my car just blew up. How can I expect to get any kind of car loan with such a low FICO score - it's around 450 right now. I am worried. Thanks for any help on this.

Offers in new car or new car loan offers in India? Hi all, I am new in this yahoo answer. I want to now some offer on new cars. Could any one please help to find our some new car offer or new car loan offer?

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.

Should I pay off my student loans or buy a new car? I'm almost 40 and still have $35,000 to pay off my student loans. My car is 12 years old and barely running, I've never owned a new car. I happen to have $35,000 in cash saved up. My credit is bad (foreclosure etc.) no way I would get approved for a car loan and if I miraculously did would be at a crazy high rate. So... should I get a nice car to last me for the next 12+ years or use it to pay off my student loans?

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?

Are the new car sales loans coming from Cash 4 Clunkers, going to be bad, for the same reasons the home loans? went bad? Think about it, a person who trades in a car worth $4500 or less and then is forced to buy a new car. Now if they could only afford a car worth $4500 today, how are they going to afford the payments and insurance on a new car tomorrow? A few maybe, but how many people got into risky loans, loans they could not afford, just like the home mortgage mess, because it sounded like the government was almost giving you a car. Do you think a portion of these loans are risky and will go bad, just like the home mortgage loans?

I am trading in my car with a balance and it will need to be paid off before I can get a loan for new car? I have a preapproval for the new loan but it states the first loan will need to be payed in full before I can get the second loan. How long does it take the dealer to pay it off? Will i be able to drive home in the new car the same day I trade in?

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

When will a new car loan start to increase credit score? when I purchased my car 8 months ago I was told that it should boost my credit score if i pay it on time every month, I always pay it well in advance but have not seen an increase in my score.

Do people have to get car loans to buy a new car? I just want to put a down payment of a few thousand dollars (I have it), then pay monthly payments. Do I have to get a car loan? I dont know much about cars, i'm learning.

want to buy a new car a question about car loans? gonna go to the dealers tommorow. just checked my credit score and its 714. my monthly income is 2500.00 a month with 800 in utilities. will i still need a co-signer or will i beable to do this independantly

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.

What's the best available interest rate for new car loans? Im looking into buying a car and am wondering what rates are out there....

How do I get a new car loan with no established credit history? What are lenders looking for in terms of employment length, and collateral?

How can I find the lowest new car loan interest rates? Do you find who has the lowest new car loan interest rates?

Who has the lowest new car loan interest rates? Do you find who has the lowest new car loan interest rates?

Do you know who has the lowest new car loan interest rates for 72 months? Who has the lowest new car loan interest rates for 72 months?

Any ideas on how to obtain new car loan rates? We get bad credit auto loan e-mails, apply and never hear anything back. Even the guaranteed auto loans.

Any ideas on where to obtain new car loan rates? We get bad credit auto loan e-mails, apply and never hear anything back. Even the guaranteed auto loans.

New car loan rates- Where to get easy auto credit without phonecalls from dealerships? I'm interested in a private loan company that specializes in bad credit auto loans. I do not want the type of loan where they refer you to 20 different dealers. I already have a vehicle in mind through a private seller. How can I just get a bad credit auto loan that has no referrals for dealers???

Is there anywhere to find a new car loan rates? I am looking for an auto loan to buy a new vehicle. I don't have bad credit but my credit is not established so I need help finding an auto loan.

Can anyone pls tell me how to get new car loan rates for private seller? I have poor credit and am wanting to get a car from a private seller. I don't know what companies would approve me. If anyone has been in my situation and got approved for a car loan with bad credit, please let me know!

Car Loan - How can I get new car loan rates? I'm interested in a private loan company that specializes in bad credit auto loans. I already have a vehicle in mind through a private seller. How can I just get a bad credit auto loan?

Who has the lowest new car loan interest rates for 72 mo? Who has the lowest new car loan interest rates for 72 months?

How to get a low interest rate on a new car loan? pls help? 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

To buy both a new car and a new house, Tina sought two loans totalling $78,825. The simple interest rate on th? To buy both a new car and a new house, Tina sought two loans totalling $78,825. The simple interest rate on the first loan was 0.2%, while the simple interest rate on the second loan was 5.0%. At the end of the first year, Tina paid a combined interest payment of $2817.23. What were the amounts of the two loans?

Where can I get a low interest rate on a new car loan? pls help? 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

Do you know who has the lowest new car loan interest rates for 72 months? Who has the lowest new car loan interest rates for 72 months?

which way to go in getting a new car - loan or lease? i am looking at getting a new car, but am undecided if i shoud buy through a loan or lease it.

Just bought a new car (Yesterday) and got a bad interest rate? I bought a car, and the dealership suckered me in to a 7.98% loan. I relize now they lied to me about a few things. My bank will give me loan at 5.9% for new car loan (it is higher for refinancing). Since I am sure the paperwork is not filed yet how can I make the dealer switch the paperwork to my bank, or can I.

Is it smart to use a home equity loan to pay off car loans, and a line of credit? My husband and I need to lower our monthly payments. We have no debt except a line of credit for $60,000 with the payment of $410 and two car loans both adding up to about $25,000 and the combined payment of $1050/mo. So, we are spending about $1400/month for these 3 things. If we got a loan for $110,000 and payed all these off, our payment at 6.6% would be around $700/month. Of course I would always pay more than that per month which would go to principle. Why isn't this a good thing to do? I realize that getting a new car would add to our payments once again. So, that would not be smart. Other than that, is this a smart thing to do? It seems like it is, but then why don't more people do this?

What happens to your current car loan when you get a new car? My wife would like to get a new car. She currently has a 2005 Ford Escape, owes about 6500 on her current car. She likes the new Ford Edge's, if we get a new one would the dealer pay off the remainder of the old car loan?

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?

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.

Can you get a homeloan that will also willing to pay 2 car loans? We are planning to buy a house but I was wondering if it's possible that a lender will also pay off 2 car loans? like include it to the homeloan?

How exactly do car loans work? I am looking to get a new car and I don't have any credit at all which I know is the same as having bad credit, but I read on some other people's questions on here that it is actually not that difficult getting financed right now. So how exactly does that work? I can afford the payments each month, but I don't have anything as a down payment so is that what I would use the loan for? Please explain thanks, but ok how does leasing a car work? lol

Should the UK govt offer mortgages and car loans directly to the public instead of pouring money into banks? borrowing is at an al time low, car finance is now almost impossible to get. if the govt offered credit worthy people loans for house purchase and car purchase would that help to kick start the UK economy in the motor and construction industry. it has been announced that the british car show has been cancelled for the first time since the second world war because of the financial situation if banks will not lend then should the govt not lend instead?

How do car loans work? I'm a junior in college and I use my dad's car to get to and from school during breaks or holidays. I'm paying for school through students loans, so I will be in debt after school. So I was wondering how car loans work because I need a something big like a jeep or something, and I'm wondering if there is a such thing such as a student car loan. Something I can pay back after I graduate from college. I hope that don't sound dumb but I don't know anything about car loans. responding to j s, being a junior in college and not knowing about car loans doesn't means I'm not ready for the real world. You might of had many people in your life while you were young to help you understand a lot things such as car loans, unfortunately I don't have that in my life. So I must learn somewhere in learn, but thanks for the info. God Bless

is it good to pay several months ahead for my car loans in order to boost my credit? my credit is 550, I'm thinking about paying for six months ahead on my car loan so i can increase my credit score and have the peace of mind. i want to do that to increase my credit score so i can get a new car in six months. I want to pay for six months ahead of time, and get a new secure credit card. do you think that can boost my credit to 700 by june of next year?

What Benefit Or Bonus For Good Mortgages And Car Loans? Is there any benefit or bonus for people who live within their means with current mortgage, household bills, and car loans? Is there a fundamental flaw in the "Bail Out" frenzy? Does this Sound like "Weapons Of Mass Destruction" again?

what is the name of the company that refinances car title loans? I ran into some financial problems lately. Stupidly, I went to a car title pawn. Big mistake. I pawned my car title. I once heard a commercial on the radio that refinances car title loans. At the time I was not interested. Now I am. Does anyone know of a company that refinances title car loans? Is there a website? Thanks for your help.

When do you pay back student car loans? I'm looking to take out a student car loan, I'm 18 years old, and I'm a senior in high school. I've been looking into the details on these kinds of loans, but I have one more question for somebody who's got experience in this.... My question is: When do you actually start to make payments to pay back the loan? Is it after you graduate? Or just instantly? And do you need a down payment? I'm pretty new to the process, so if someone has kind of an overview experience, that'd be awesome. Thanks in advance : )

Why is interest on car loans not tax deductable and interest on home loans are? If I am able to take the interest paid on a house loan of on my taxes every year, why not my car loan. Both are tangible assets?

If you are paying up 2 car loans and then can't afford one of them, which one gets repossessed? I have a loan on a car from 4 years ago, then I took a loan out on another car 3 years later. Now I have 2 loans on 2 different cars. But now I can't afford both of them so I am going to have to give one up. The loans are with the same lending company. Do I have a choice on which one they will repossess or do they choose?

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.

Good idea to pay additional principal on car loans? I have two car loans, each at about 6%, each maturing in 2011. For the past several months, I've been paying a couple hundred dollars extra of the principal on each loan every month, thinking that I'll save on interest in the long run. But I'm not sure this is really a good idea. Would I be better off putting that extra money into some sort of investment vehicle? If I trade in one or both of the cars for new vehicle(s) before they're paid off, will I have derived any benefit whatsoever from paying down the principal as I've been doing?

What are the average interest rates for car loans right now? Does anyone know what the average interest rates are right now on car loans? I keep seeing that the fed cut interest rates but does anyone know what they are? we are looking at a used car. Both of our fico scores are right around 700

Why does the blue book and bank loan prices differ on car loans? I'm researching a used car. Kelly Blue Book and NADA guides state the value of the car at between $5500 and $6300. I've haggled the sale price down to $4800. However, the bank Ive spoken with about the loan says they can only loan $3500 on the car. Why is there such a discrepancy between the estimated value and loan value?

What is are the laws regarding minors and car loans? My younger brother is 17. He wants a car and neither his mom or my dad will co-sign for him. My husband and I told him we would, but my brother's mom told him that he can't legally get a loan without her concent. I used to work at a bank and I know that minors cannot open a bank account without an adult, but the adult does not have to be the minor's parent. I have been searching the internet for the law in Illinois regarding this issue, and I can't find anything. Can someone help?

How long should we wait to get a house with two car loans? Can we even get a Loan for a house? My fiance has a car loan in her name and we have a truck in both our names. We both have secure jobs that we have been at for a few years. She has good credit... I am working on my credit currently and her father who is going to co-sign on the home loan has okay credit. What would we have to do in order to get a good chance at a loan approval??

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!

When filing bankruptcy in CA, can car loans be discharged as well? My friend is planning on filing bankruptcy, we were wondering if her car loan will be discharged and she'll get to keep her car.

having 6200 left on original loan for car that is falling apart - ideas for gettig into a new one? my brother has that balance left on his current car loan but has been approved for 20k for new car loan - don't want to carry over that much negative balance because that doesn't make sense to do. not worth fixing his current car - any suggestions?

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.

Is it possible to get a loan for a new house & refinace a car? What kind of a loan would you call it? A morgage and a car loan financed in one loan. Is it possible?

What banks are known for giving car loans with SALVAGED titles? I know its difficult to get a loan on a salvaged title car...but there are banks out there that will do it? Which ones are known for doing it?

Is there a way I can take out student loans and pay my car loan off with it? I owe about 12,000 on my car loan with an interest rate over the roof....I figured if I borrowed a lot of money i could pay that loan off with the money I borrowed and get a really low interest rate for my car. Am I allowed to do that?

Any general rule of thumb how much your credit increases reducing two car loans to one? Helping a family member I had 2 car loans. One was 28k balance the other 21k balance. Just sold the 28k car and paid that off. Credit is very good no late pays etc. Trying to determine how many points could that potentially increase my credit? Any idea...someone told me 30-40 points of all other credit is good, which in this case it's excellent...?

how long do I have to be employed at my new job in order to get a good car loan? lol, I've been trying to get a loan on a car for a year now.. well, a good loan. The reason why I couldn't get much of a loan was because of the amout of money I made... Now, I have a a new higher paying job... How long do I have to be at my job before a bank will consider giving me a better loan?

Is it a good idea to use a home equity loan to pay for a new car? Instead of taking a car loan, use the equity from my place to it. If I were to get a car, I would get it financed. So to me, it seems smart just to cash some equity out with the added benefit of deducting interest for tax returns.

Can I take out a car loan if I am already taking out student loans? I am a senior in high school and I was wondering if it was possible for me to take out a car loan while taking out loans for college?

Will the new interest rate cut make it easier to get a car loan? It was lowered to 1.00% today. What % will it make car loans?

who is giving the best rate on re-financed car loans? I currently have 8.3% and know I can do better with a 738 FICO score. Who is refinancing car loans at better rates?

What is the average car loan rate for a used or new car? I have great credit but I don't know what an average rate would be for a new or used car. I will decide if I want a new car or a used one depending on the rate. Can you help?

If you had cash would you payoff your car loans or would you use the money for other things? I currently have two car's and I have a combined loan for them with with a low interest rate. If you had just enough money to pay the loan off would you or would you use the money for home improvements or furniture or what ever? I just wanted to get some ideas about what some people would do?

What is the best way to go about getting financing on a new car? I'm considering purchasing a new car. I'm 22 have no credit cards but I am a college graduate who has been paying off student loans since I finished school in May 07. I got a job in September and have been working since. Would it be better for me to try to get a car loan from a bank or at a dealership?

Can car loans be part of a debt consolidation loan? If so, does anyone know where to get one with the car loan?

Are there any debt relief agencies that help with secured debt. Such as car loans and student loans? Debt relief agiencies that help with secured debt. Student loans and car debt.

Does anyone know any car loans for college students? I need to buy a used car. But I heard that some college students got good deals of car loans from some auto loans that have college students rate. I need to know all these loan companies. 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?

In New Jersey what will happen if I have a car loan and I file for chapter 7 bankruptcy? I was just approved for a high interest loan to purchase a car but I dont want to get the car if it will affect tha bankruptcy and I know that I can only keep a certain amount of assets and Im told my 13k escrow account will be free and clear since its less than the maximum.

If you had 5k in student loans and 5k left in a car loan and you were about to get a check for 8k? which loan would you pay off first? And suppose your car payment was $500 / month as well.

How much available credit in $ to get 0% apr car loans? I know that many things can influence one's credit rating, so I'll give a few bits of my info. -I have no late payments or penalties on my credit. -I have $14,000 of student loan debt, none of which requires payment yet. -I have $11,500 total in my lines of credit, $10,500 of which is available. All of this credit is new, within the latest month. (This yahoo ID is completely unattached from my finances and uses false personal info, before anyone gets an idea. :P ) What I'm asking is: for those of you who have been approved for 0% car loan apr, how much available credit did you have at the time? I don't feel like paying $9 for my FICO score (which is not in free credit reports) atm, since the soonest I would take out a loan is December.

Who has the best or most reputable alternative car loans? I need help finding financing for a new or used car with little to no credit history.

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 is it better to buy a new car? Should you wait until the old loan is paid or not? i have till feb 08 to finish my car loan. the car i have has 87000 miles on it and i would like to trade it in. i just am not sure if it is better to wait till it's paid or do it now.

How does it work wehn a car company says they will get you out of your current car/loan and into a new car? just caurios because i want a new car but currently have a lein on it. just curious because i want a new car but if i trade it i will have a lein on it.

Which is better to pay off car loans, credit card or put money toward mortgage.? My husband and I have two car loans one at 4,800 at 4.9% the other at 14,400 at 6.15% and a credit card at 10,700 at 7.9% but we also have a mortgage. What I’m planning on doing is having my husband sign up for another credit card because the current offer is no interest till 2008 (including balance transfers, there is a fee but the max fee is about how much we pay for the finance charge in one month. What I don’t know is if I should put our tax refund toward bringing down the lower car loan so the 230 we put toward that every month can go to something else sooner or if I should put some toward the car and some toward the mortgage each month. We don’t know if it’s better to pay the min on the mortgage and put more toward the other loans or put a little toward the mortgage and one of the other loans. And yes while doing all this I do put a little towards savings each paycheck. Forgive me for rambling but I wanted to be as detailed as possible. Thanks! I'm not cancelling the current card the one I would be transferring to has an apr of 9.9%. So I would transfer what's left after the 15 months back to the old card.