Overhaulin'

If you get a car loan can you modify the car?

I plan on purchasing an accord with a loan under my parents name. If i get a loan will i be able to mod the car in anyway? Exterior to be specific.

Public Comments

1. Yes you can...but you will probably lose the warranty
2. yes. you are taking out the loan to buy the car and most of the time, the car is also used as collateral and is seized if you default on the loan. the financial institution does not own the car at any time.
3. if you want to modify a car, buy a sports car, such as an older Mustang, Camaro or Firebird, or even an Eclipse. Accords are garbage, and they look and sound junky when people modify them and use cheap exhaust tips, sorry!
4. you can do anything that you would like to the car, just remember that you still have to repay the loan in full no matter what condition the car is or isn't in.
5. yes as long as it's not a lease
6. The loan company doesn't care too much about what you do to the car as long as it is insured. Check with your insurance company because the mod may cause you to lose insurance along with voiding the warranty. In light of the previous post, I would rather see you mod an Accord than something like a Neon!
7. If the loan is under your parent's names, then they own it. So you'd have to ask them before modifying it. If the loan is under you name, but your parents co-signed, then the car is yours, so modify to your heart's content.
8. It can really save you some money to just get an auto loan quote on the web to verify what the going rates are. You might be really happy. Also if your credit is not good, a lot of them are more willing to work with people. What I usually tell folks is that an internet quote at http://auto.lowratetoday.com is worthwhile.
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