With a cosigner of course
What do you think the maximum amout a college student should get an auto loan for?
you need to answer that question yourself based on your cash flow and other debts. A 17000 loan for 60months at 6.24% APR will be around $334/mo.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
Best of luck to you.
Reply:The answer to that is really more dependent on your income than your status as a college student, but assuming that's what your "job" is and you just work part time and/or get an allowance from mommy %26amp; daddy, $0.
Come to think of it, even if you do have a full-time job with a decent income, the answer's the same. Even more so if you're financing your education, in whole or in part, with student loans. There's no reason to even think of increasing your debt burden any more than you have to - trust me, when you get out of school, you'll be thankful you didn't.
If you already have a car that runs well, keep it - with the exception of trading your gas-guzzler in for a Civic or something like that; gasoline will not be this cheap indefinitely. In that case, save up as much as you can for the down payment for a while, as the depression we're headed into will keep energy prices suppressed, and you may be thankful you've got some cash on hand rather than another bill to pay each month.
If you absolutely must buy a car right now (and by that I mean your current one just cratered; increasing the quantity and/or quality of the *** you pull is not "must"), keep it as cheap as sensible (not so crappy you'll be stuck with a loan for a car that won't run though). Buy late-model used; a new car is one of the worst investments you can make, right after Citigroup stock. And for godsakes man, don't buy a new car until this loan is paid off.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating. With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://www.worldbestloans.com/autoloans....
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
tanning
Saturday, October 24, 2009
Where can I get an auto (motorcycle) loan on Presidents Day?
I had planned on getting a motorcycle loan from the bank on Monday, but I am pretty sure that they are going to be closed. So where can I get a auto (motorcycle) loan on Presidents Day?
Where can I get an auto (motorcycle) loan on Presidents Day?
Everybody who takes your money for free is closed on holidays. They already get enough money. The others have sales. Lucky you got the day off, like a bank worker. The rest of us working stiffs don't. Who's a moron?
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Gee...How about you wait until Tuesday. Duh!
Reply:microloans.com
Reply:you can get a loan from my cousin Vinny
Reply:As far as I know the banks will be open monday my husband works for one and he has to go to work.
Reply:wait one more day?
Reply:Try the motorcycle dealership
Where can I get an auto (motorcycle) loan on Presidents Day?
Everybody who takes your money for free is closed on holidays. They already get enough money. The others have sales. Lucky you got the day off, like a bank worker. The rest of us working stiffs don't. Who's a moron?
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Gee...How about you wait until Tuesday. Duh!
Reply:microloans.com
Reply:you can get a loan from my cousin Vinny
Reply:As far as I know the banks will be open monday my husband works for one and he has to go to work.
Reply:wait one more day?
Reply:Try the motorcycle dealership
Can someone get auto loan without showing a valid Driver license?
I am looking to purchase /finance a car but I do not have a id or drivers license, Can I still get a loan ? Does anyone know what else I can use besides id? any help would be great
Can someone get auto loan without showing a valid Driver license?
You are going to need a drivers lisence if it's just you on the loan. The bank won't approve you.
Reply:I don't remember showing my liscense to get my vehicle loans. However I did before I did any test driving. Why would you buy a vehicle without a test drive and why would you need a vehicle if you don't have a liscense. Not to mention you will need a liscense to get insurance which is required to get the loan.
Reply:You have to have a valid driver's license to get an auto loan. Not even an id for identification purposes works. You need to do what you can to get your license back.
Can someone get auto loan without showing a valid Driver license?
You are going to need a drivers lisence if it's just you on the loan. The bank won't approve you.
Reply:I don't remember showing my liscense to get my vehicle loans. However I did before I did any test driving. Why would you buy a vehicle without a test drive and why would you need a vehicle if you don't have a liscense. Not to mention you will need a liscense to get insurance which is required to get the loan.
Reply:You have to have a valid driver's license to get an auto loan. Not even an id for identification purposes works. You need to do what you can to get your license back.
What is the credit score minimum requirement for an auto loan?
Just having enough of a credit score to show that you are actually alive is enough for an auto loan. But on the other hand, the better the credit score, the better the interest rate you'll be offered. Anything lower than a 650 will probably get you a lousy interest rate, and require a bigger down payment.
What is the credit score minimum requirement for an auto loan?
Auto Loan Guide: http://autoloanguide.automobil... Report Abuse
Reply:There is no set minimum, but the lower your credit, the higher the interest.
Ive got a rough credit history...But I was able to get an auto loan for 8000....my interest is a bit higher, but I needed a good car. My loan is 4yrs, at 200 a month.
I went thru enterprise(yes they sell some of their rentals), and had NO problems. They financed me thru Americredit.
Reply:yeah, like the previous answer, loans are greatly influenced by credit... most likely you can get a loan, but the lower the credit score, the higher the down payment and interest rate, and the higher the credit score, the lower the down payment and interest rate will be. but no, i dont think there is a minimun... but if there is itl probably be from 400-450
Reply:Depends on whats on your credit history, how much money you will put down and the amount of credit you have.
What is the credit score minimum requirement for an auto loan?
Auto Loan Guide: http://autoloanguide.automobil... Report Abuse
Reply:There is no set minimum, but the lower your credit, the higher the interest.
Ive got a rough credit history...But I was able to get an auto loan for 8000....my interest is a bit higher, but I needed a good car. My loan is 4yrs, at 200 a month.
I went thru enterprise(yes they sell some of their rentals), and had NO problems. They financed me thru Americredit.
Reply:yeah, like the previous answer, loans are greatly influenced by credit... most likely you can get a loan, but the lower the credit score, the higher the down payment and interest rate, and the higher the credit score, the lower the down payment and interest rate will be. but no, i dont think there is a minimun... but if there is itl probably be from 400-450
Reply:Depends on whats on your credit history, how much money you will put down and the amount of credit you have.
I have horrible credit the lowest of the low and i want to get an auto loan but for private party? Help me!?
I want an auto loan so i can buy this car from my friend but i have bad horrible credit, does anybody know who can help me?
I have horrible credit the lowest of the low and i want to get an auto loan but for private party? Help me!?
You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://tiny.wackyb.net/K2rP/R7jC
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:get a 2nd job, save up your money and pay cash.
car loans are for chumps.
earn interest, don't pay it.
work hard, save money, pay cash... sleep like a baby.
Reply:If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.
http://www.acreditlibrary.com/prosper.
floral
I have horrible credit the lowest of the low and i want to get an auto loan but for private party? Help me!?
You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://tiny.wackyb.net/K2rP/R7jC
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:get a 2nd job, save up your money and pay cash.
car loans are for chumps.
earn interest, don't pay it.
work hard, save money, pay cash... sleep like a baby.
Reply:If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.
http://www.acreditlibrary.com/prosper.
floral
Can my auto loan company charge me for not having insurance for a month 3 months after it happened?
I didnt have insurance for the month of april and In August they charged me insurance for April. I asked the rep. if i would have had an accident in april would they have payed for it , she said no. How can they charge me for a service they didnt provide?
Can my auto loan company charge me for not having insurance for a month 3 months after it happened?
I'd fight this. If you didn't have any losses to your vehicle during the period they are trying to charge you for, then what's their concern? I understand per your contract you are required to carry insurance coverage on your vehicle, but the only thing they need to be concerned about is if you currently have active coverage. If you're not carrying coverage right now, then they have the right to charge you for placing their own coverage on your vehicle.
A site I've used to compare quotes in the past ...
http://www.safelinked.info/go.php?link=a...
All the best to you.
Reply:Having Insurance at all times is part of the contract of having a loan. If you go without it, the company can Force-Place it on you meaning they have the right to charge you for it. It works the same with a house. If you don't keep homeowner's ins, they give you a policy and charge you for it.
You broke your contract, if you dont pay it, they have the right to reposess the car.
Reply:In regards to your loan request, i am Miss. Joy Donald, from United Kingdom
(UK) , when i was in search of a loan of £25,000, on the Internet few months
ago,
Then, i came across a company advert called Brian Loan Monetary Company. their
service was so flexible if only you can pay back the loan when it's due
time,
Since you are interested in getting a loan and you can pay back the loan, i
will like you to contact them and your problems will be solve,
Here are their company E-mail, brianloanmonetary68@yahoo.com
You can contact them for any kinds of loan,
Regards,
Joy.
Reply:I don't know what state you live in, but in some states, your rates are actually lower if you maintain coverage without an interruption meaning that even though they are back-charging the premium, in the long run, she may be doing you a favor because if they don't, your rates will go up when you renew the policy.
If I were you, I'd just pay the April insurance premium, be glad you didn't have an accident, and go on like nothing happened.
Reply:
It might really save you a lot of running around to just get an auto loan quote on the web to verify what the going rates are. You might be really suprised. Also if your credit is not the best, a lot of them are more willing to help people.
What I usually tell friends is that an internet quote at http://auto.lowratetoday.com is the way to go.
Reply:You are required to have auto insurance as a qualification of having a loan. Be glad they didn't repossess the car.
Reply:
Here http://www.InsuranceFreeTip.info/insuran... ,You should find more useful suggetions and tips for your question.Good Luck for you.
Reply:idk
Can my auto loan company charge me for not having insurance for a month 3 months after it happened?
I'd fight this. If you didn't have any losses to your vehicle during the period they are trying to charge you for, then what's their concern? I understand per your contract you are required to carry insurance coverage on your vehicle, but the only thing they need to be concerned about is if you currently have active coverage. If you're not carrying coverage right now, then they have the right to charge you for placing their own coverage on your vehicle.
A site I've used to compare quotes in the past ...
http://www.safelinked.info/go.php?link=a...
All the best to you.
Reply:Having Insurance at all times is part of the contract of having a loan. If you go without it, the company can Force-Place it on you meaning they have the right to charge you for it. It works the same with a house. If you don't keep homeowner's ins, they give you a policy and charge you for it.
You broke your contract, if you dont pay it, they have the right to reposess the car.
Reply:In regards to your loan request, i am Miss. Joy Donald, from United Kingdom
(UK) , when i was in search of a loan of £25,000, on the Internet few months
ago,
Then, i came across a company advert called Brian Loan Monetary Company. their
service was so flexible if only you can pay back the loan when it's due
time,
Since you are interested in getting a loan and you can pay back the loan, i
will like you to contact them and your problems will be solve,
Here are their company E-mail, brianloanmonetary68@yahoo.com
You can contact them for any kinds of loan,
Regards,
Joy.
Reply:I don't know what state you live in, but in some states, your rates are actually lower if you maintain coverage without an interruption meaning that even though they are back-charging the premium, in the long run, she may be doing you a favor because if they don't, your rates will go up when you renew the policy.
If I were you, I'd just pay the April insurance premium, be glad you didn't have an accident, and go on like nothing happened.
Reply:
It might really save you a lot of running around to just get an auto loan quote on the web to verify what the going rates are. You might be really suprised. Also if your credit is not the best, a lot of them are more willing to help people.
What I usually tell friends is that an internet quote at http://auto.lowratetoday.com is the way to go.
Reply:You are required to have auto insurance as a qualification of having a loan. Be glad they didn't repossess the car.
Reply:
Here http://www.InsuranceFreeTip.info/insuran... ,You should find more useful suggetions and tips for your question.Good Luck for you.
Reply:idk
What is the highest legal auto loan APR for georgia?
even with bad or little credit, we were quoted a payment of 533 a month for 72 months. The car is worth 22k (inc taxes) but we are putting 5k down on it. I figured it out to be 34.75%, that can't be right can it?
What is the highest legal auto loan APR for georgia?
I tried to post this on the other question but for some reason I can't on Answers right now but here is what I found (also emailed to you):
7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest (Interest = Principal * Rate * Time) in written contract.
§7-4-2 (Check: http://www.lexis-nexis.com/hottopics/gac...
Check the code provided, it won't let me give direct link.
This depends all on what is written in the contract. This might be legal and it might not depending on what's written. If it is indeed legal then sell it quick because that's over double what you paid for the vehicle and pretty ridiculous.
What is the highest legal auto loan APR for georgia?
I tried to post this on the other question but for some reason I can't on Answers right now but here is what I found (also emailed to you):
7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest (Interest = Principal * Rate * Time) in written contract.
§7-4-2 (Check: http://www.lexis-nexis.com/hottopics/gac...
Check the code provided, it won't let me give direct link.
This depends all on what is written in the contract. This might be legal and it might not depending on what's written. If it is indeed legal then sell it quick because that's over double what you paid for the vehicle and pretty ridiculous.
How high of a credit score do you generally have to have to finance a new auto loan alone?
I'm 20 and I'm just starting out with credit but man...I so want the '08 Mitsubishi Lancer...and I know I can afford it...
How high of a credit score do you generally have to have to finance a new auto loan alone?
Auto finance is what I do for a living and auto loans are based on the following factors;
1. LTV (loan to value).
2. Term requested.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.
Seeing as you are looking at a new car most likely 1,2,3,4%26amp;5 will not be a issue. If the rest meet the lenders guidelines you should be fine.
Reply:550+ I believe
Reply:that depends on ur bank.
Reply:You won't get a loan for that kind of money. You could get a nice car for 20,000 if you have a few years credit and a score of over 650. Just buy the car you like after it's first lease cycle...it'll be 3 years old...still like new.
Reply:Remember it isn't just the car payment. You have insurance -- which could be pretty hefty for a 20 year old. Plus registration and maintenance ....
How much of your pay each month would have to go to that vehicle? For the next 5 or 6 years?
Reply:well,i just bought a Ford F150 xlt lariat Friday with a score of 650,anything above would greatly help,below that,well,could be difficult
Reply:Just make sure that your not biting off more than you can chew and that this is a "smart" financial decision.
Since you do not have a credit history established, credit is going to cost you, meaning that you are going to pay a higher interest rate because the creditor is taking a higher risk.
I just bought a car, and I had a great experience with HSBC Auto Loans and Capital One. I also suggest that you start a Capital One Credit Card or a HSBC Credit Card to start building your credit history. They offer online bill pay and account management for your loan and credit card.
Good Luck!
Reply:you don't NEED an 08 anything...get something used and save thousands.
Reply:800 or better...(truly) even Dell computers won't sell to you if your score is under 800. (financing through Dell)
Reply:You can probably get financed, but the interest rate will be really High. Buy something more reasonable to start with.
How high of a credit score do you generally have to have to finance a new auto loan alone?
Auto finance is what I do for a living and auto loans are based on the following factors;
1. LTV (loan to value).
2. Term requested.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.
Seeing as you are looking at a new car most likely 1,2,3,4%26amp;5 will not be a issue. If the rest meet the lenders guidelines you should be fine.
Reply:550+ I believe
Reply:that depends on ur bank.
Reply:You won't get a loan for that kind of money. You could get a nice car for 20,000 if you have a few years credit and a score of over 650. Just buy the car you like after it's first lease cycle...it'll be 3 years old...still like new.
Reply:Remember it isn't just the car payment. You have insurance -- which could be pretty hefty for a 20 year old. Plus registration and maintenance ....
How much of your pay each month would have to go to that vehicle? For the next 5 or 6 years?
Reply:well,i just bought a Ford F150 xlt lariat Friday with a score of 650,anything above would greatly help,below that,well,could be difficult
Reply:Just make sure that your not biting off more than you can chew and that this is a "smart" financial decision.
Since you do not have a credit history established, credit is going to cost you, meaning that you are going to pay a higher interest rate because the creditor is taking a higher risk.
I just bought a car, and I had a great experience with HSBC Auto Loans and Capital One. I also suggest that you start a Capital One Credit Card or a HSBC Credit Card to start building your credit history. They offer online bill pay and account management for your loan and credit card.
Good Luck!
Reply:you don't NEED an 08 anything...get something used and save thousands.
Reply:800 or better...(truly) even Dell computers won't sell to you if your score is under 800. (financing through Dell)
Reply:You can probably get financed, but the interest rate will be really High. Buy something more reasonable to start with.
I just paid 3 payments for my auto loan, is it too early to refinance?
it's only been 3 months since my new auto loan started, is it too early to refinanace?
I just paid 3 payments for my auto loan, is it too early to refinance?
Yes it is. you have not even began 2 pay on the interest never mind the principal. u need 2 wait a few more yrs, unless u can
maybe double your payments twice a month, which I doubt as u are already looking 2 refinance.
purchase flowers
I just paid 3 payments for my auto loan, is it too early to refinance?
Yes it is. you have not even began 2 pay on the interest never mind the principal. u need 2 wait a few more yrs, unless u can
maybe double your payments twice a month, which I doubt as u are already looking 2 refinance.
purchase flowers
What is the best auto loan online they have for people with bad credit?
If you have bad credit, its because you've been unable to pay for what you've tried to purchase in the past.
You don't need an auto loan.
Buy an inexpensive car, $1000-2000. Take what you would make as a car payment, say $300 a month and save it for 10 months. Soon you'll have a $4000-5000. Save another 10 months and you'll have a $7000-$8000 car. Within 2 years you will have a nice car paid for.
It beats the heck out of paying $300 a month for 5 years and having a car thats only worth half of what you'll own in 2 years.
The problem with car loans is you are financing (paying extra) for a depreciating asset.
What is the best auto loan online they have for people with bad credit?
Depends. There are a few companies here to check for free quotes. You can compare yourself. http://painintheexhaust.blogspot.com
Reply:www.gojdb.com
You don't need an auto loan.
Buy an inexpensive car, $1000-2000. Take what you would make as a car payment, say $300 a month and save it for 10 months. Soon you'll have a $4000-5000. Save another 10 months and you'll have a $7000-$8000 car. Within 2 years you will have a nice car paid for.
It beats the heck out of paying $300 a month for 5 years and having a car thats only worth half of what you'll own in 2 years.
The problem with car loans is you are financing (paying extra) for a depreciating asset.
What is the best auto loan online they have for people with bad credit?
Depends. There are a few companies here to check for free quotes. You can compare yourself. http://painintheexhaust.blogspot.com
Reply:www.gojdb.com
What is a good auto loan company for not so good credit?
i am from NJ and my credit points are 525-540. i have a 3,000. dollar deposit down
What is a good auto loan company for not so good credit?
If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating. With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply: Hi i am Mr Alan Walker, i saw your question on yahoo answer and i want to give you like you with a good company.These days, it is almost impossible to stay out of debt; outside pressures from family or work can sometimes be the cause. All is not lost if you have acquired a bad credit score; there are many online bad credit loan lenders to help. Money provided to a person experiencing financial hardship is no different to any other type of loan and can be used by the applicant in the same way. A poor credit history can be from something as simple as accidentally missing a loan or credit card repayment to something more serious which may or may not have been done on purpose. Arranging a loan this way could actually help your credit rating thats why you should contact sky loan company their are the only online loan company that give out loan to international individaul,companies,private bodies, and more at a very low interest rate that will interest you. because i was seacrhing for a house loan then a friend whom sky loan company has help link me to them and my loan was granted without stress and i am sure they can be of grant help to you.
contact them now via s
skyloanfirm@aol.com
tell them Mr Alan Walker refer you to them from Holland
Reply:Get an online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
What is a good auto loan company for not so good credit?
If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating. With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply: Hi i am Mr Alan Walker, i saw your question on yahoo answer and i want to give you like you with a good company.These days, it is almost impossible to stay out of debt; outside pressures from family or work can sometimes be the cause. All is not lost if you have acquired a bad credit score; there are many online bad credit loan lenders to help. Money provided to a person experiencing financial hardship is no different to any other type of loan and can be used by the applicant in the same way. A poor credit history can be from something as simple as accidentally missing a loan or credit card repayment to something more serious which may or may not have been done on purpose. Arranging a loan this way could actually help your credit rating thats why you should contact sky loan company their are the only online loan company that give out loan to international individaul,companies,private bodies, and more at a very low interest rate that will interest you. because i was seacrhing for a house loan then a friend whom sky loan company has help link me to them and my loan was granted without stress and i am sure they can be of grant help to you.
contact them now via s
skyloanfirm@aol.com
tell them Mr Alan Walker refer you to them from Holland
Reply:Get an online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Looking to buy a new Pickup we have a good income we just had to file bankruptcy due to several old medical bills. Need about $29,000
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Caitlin B, Get an online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionaire will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:There are several lenders that have programs for recent bankruptcies. You may want to start at a local dealer and see if they have a "special financing department" However, if this is a recent bankruptcy or you have done nothing to start to rebuild your credit you are going to pay a higher interest rate, a higher down payment, and may have a co-signer required. On a 29K loan this is going to be quite a bit of money.
At the high end of them requiring a 20% down payment you would be financing about $23,000. Conservatively you are looking at a 19% interest rate. What this turns into is a monthly payment of about $538 for the next 6 years.
You may find it better for your situation to lower your expectations on the truck you can get right now. Instead of looking for a "new" pickup take a look at a used pickup that is a couple of years old.
Reply:
my name is sophia bryan,last three months when my business folded
up a friend of mine introduced me to michael dawson a private money lender
approved by the government who gave me a loan of $10,000 to reinstate my
business.
He lends at a minimum interest of 2% which is to be paid
installmentally at a duration of at most 10years.you can contact him at
michaeldawson_loanfirm @yahoo.com and get your loan approved within 24hours of
banking.
Reply:Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Reply:Most lenders affiliated with dealerships will probably give you a car loan if you have a good employment history but the trick is you will have to pay very high% rates. 25% maybe. How about a home equity loan to buy the car? Then you can write off the interest.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
Best of luck to you.
Reply:
It might really save you time to just get an auto loan estimate online to check out what the going rates are. You might be totally suprised. Also if your credit is not good, a lot of online loaners are more willing to work with people.
What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is what I would do.
Reply: Depends on how long ago your Discharge was and How much money You make now . I think you might need 2 years Maybe After that long I was getting offers Galore
Reply:Ford Credit used to offer the best program for that. Their red carpet lease was the program they used most.
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Caitlin B, Get an online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionaire will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:There are several lenders that have programs for recent bankruptcies. You may want to start at a local dealer and see if they have a "special financing department" However, if this is a recent bankruptcy or you have done nothing to start to rebuild your credit you are going to pay a higher interest rate, a higher down payment, and may have a co-signer required. On a 29K loan this is going to be quite a bit of money.
At the high end of them requiring a 20% down payment you would be financing about $23,000. Conservatively you are looking at a 19% interest rate. What this turns into is a monthly payment of about $538 for the next 6 years.
You may find it better for your situation to lower your expectations on the truck you can get right now. Instead of looking for a "new" pickup take a look at a used pickup that is a couple of years old.
Reply:
my name is sophia bryan,last three months when my business folded
up a friend of mine introduced me to michael dawson a private money lender
approved by the government who gave me a loan of $10,000 to reinstate my
business.
He lends at a minimum interest of 2% which is to be paid
installmentally at a duration of at most 10years.you can contact him at
michaeldawson_loanfirm @yahoo.com and get your loan approved within 24hours of
banking.
Reply:Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Reply:Most lenders affiliated with dealerships will probably give you a car loan if you have a good employment history but the trick is you will have to pay very high% rates. 25% maybe. How about a home equity loan to buy the car? Then you can write off the interest.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
Best of luck to you.
Reply:
It might really save you time to just get an auto loan estimate online to check out what the going rates are. You might be totally suprised. Also if your credit is not good, a lot of online loaners are more willing to work with people.
What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is what I would do.
Reply: Depends on how long ago your Discharge was and How much money You make now . I think you might need 2 years Maybe After that long I was getting offers Galore
Reply:Ford Credit used to offer the best program for that. Their red carpet lease was the program they used most.
How do I get an auto loan with bad credit?
I am trying to finance a car but on my credit I have a few charge offs and a judgement. I would like to find a loan from a fianance company rather than going to a buy here pay here place can anyone help I live in pheonix Az. Thanks
How do I get an auto loan with bad credit?
You can ask someone to co-sign with you. Like a parent or spouse.
This might not be relavent to your problem, but you know you can drive a car for free in some areas of U.S.? You can get a free car that's wrapped in a company-sponsored ad (if you don't mind). All you pay for is gas and insurance. http://drivers.freecarmedia.com/home.cfm
Maybe you can drive this free car while you resolve your credit problem.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:You can borrower $1,000-$25,0000 on www.Prosper.com
It worked for me and it could probably do wonders for you too!
I love this sight and I support it 100%
I started out as a Borrower and now I am a Lender.
If you want to see me and my already funded listing please go to the "lend" tab and under the "Seach Loans" tool, type "76240" and click "search".
My borrower name is Ontherightpath22. I just want to prove to you guys that is really does work!!!
Email me with any questions. =)
Company Overview
Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone.
The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform.
People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers.
In addition to criteria commonly used by institutional lenders, such as credit scores, people who lend can consider borrowers' group affiliations. Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates. Groups earn reputations according to their members' repayment records. Groups with successful repayment histories should attract more lenders offering lower rates.
Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins as people who lend bid down the interest rate. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrower and lenders.
Prosper's rigid privacy policy reflects co-founder and Chief Executive Officer Chris Larsen's longstanding history as an advocate of stringent consumer financial privacy protection laws and practices. Prosper does not sell, rent, or share members' personal information with third party marketers. Prosper members are in control of how much personal information—if any—is revealed on the website and with other members. Prosper's security and identity verification systems are state of the art, and consistent with those used by banks, brokerages and institutional creditors.
Prosper generates revenue by collecting a one-time 1% or 2% fee on funded loans from borrowers, and assessing a 0.5% or 1.0% annual loan servicing fee to lenders. Backed by Accel Partners, Benchmark Capital, Fidelity Ventures, and Omidyar Network, Prosper has raised approximately $20 million. Prosper's marketplace platform is patent pending.
Reply:Try the below company
Reply:take a look at this place
http://wesayes.andycaine.hop.clickbank.n...
Reply:Try Capital One Auto Loans. I was shocked I got approved cause I have a few things on my credit report that don't look to good. They approved me for 15,000. Hope this helps. Make sure you have a decent job and 3 refrences and will be able to make the payments on time. They want alot of information faxed before you use the loan check do it right or you will mess it all up. I applied online and got the check I believe 2 days later I was not even sure I was ready to do the loan in the 1st place but after I called them they told me it was a legit offer etc. Only thing is the rate kinda sucks but if you are in a bind like I was it will help
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How do I get an auto loan with bad credit?
You can ask someone to co-sign with you. Like a parent or spouse.
This might not be relavent to your problem, but you know you can drive a car for free in some areas of U.S.? You can get a free car that's wrapped in a company-sponsored ad (if you don't mind). All you pay for is gas and insurance. http://drivers.freecarmedia.com/home.cfm
Maybe you can drive this free car while you resolve your credit problem.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:You can borrower $1,000-$25,0000 on www.Prosper.com
It worked for me and it could probably do wonders for you too!
I love this sight and I support it 100%
I started out as a Borrower and now I am a Lender.
If you want to see me and my already funded listing please go to the "lend" tab and under the "Seach Loans" tool, type "76240" and click "search".
My borrower name is Ontherightpath22. I just want to prove to you guys that is really does work!!!
Email me with any questions. =)
Company Overview
Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone.
The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform.
People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers.
In addition to criteria commonly used by institutional lenders, such as credit scores, people who lend can consider borrowers' group affiliations. Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates. Groups earn reputations according to their members' repayment records. Groups with successful repayment histories should attract more lenders offering lower rates.
Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins as people who lend bid down the interest rate. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrower and lenders.
Prosper's rigid privacy policy reflects co-founder and Chief Executive Officer Chris Larsen's longstanding history as an advocate of stringent consumer financial privacy protection laws and practices. Prosper does not sell, rent, or share members' personal information with third party marketers. Prosper members are in control of how much personal information—if any—is revealed on the website and with other members. Prosper's security and identity verification systems are state of the art, and consistent with those used by banks, brokerages and institutional creditors.
Prosper generates revenue by collecting a one-time 1% or 2% fee on funded loans from borrowers, and assessing a 0.5% or 1.0% annual loan servicing fee to lenders. Backed by Accel Partners, Benchmark Capital, Fidelity Ventures, and Omidyar Network, Prosper has raised approximately $20 million. Prosper's marketplace platform is patent pending.
Reply:Try the below company
Reply:take a look at this place
http://wesayes.andycaine.hop.clickbank.n...
Reply:Try Capital One Auto Loans. I was shocked I got approved cause I have a few things on my credit report that don't look to good. They approved me for 15,000. Hope this helps. Make sure you have a decent job and 3 refrences and will be able to make the payments on time. They want alot of information faxed before you use the loan check do it right or you will mess it all up. I applied online and got the check I believe 2 days later I was not even sure I was ready to do the loan in the 1st place but after I called them they told me it was a legit offer etc. Only thing is the rate kinda sucks but if you are in a bind like I was it will help
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When u total a vehicle, does the insurance pay u what u owe on ur auto loan or just the vehicles value....>?
i have and auto loan on a car and just totaled it in an accident. i have full coverage so does the insurance company pay the loan off or just what the car is worth?
When u total a vehicle, does the insurance pay u what u owe on ur auto loan or just the vehicles value....%26gt;?
Standard collision coverage will only pay for your car's "fair market value". And that, we all know, begins to go down as soon as you drive it off the lot. The loan that you took is of no consequence to the settlement of your claim.
If you purchased gap coverage it would insure the difference between what you owe on your car and what your insurance company says it's worth.
Check with your agent to verify what coverage you chose when you insured your car.
Reply:No the insurance company will not pay off the loan. If their is a lienholder on the policy the cheque will be co payable to both of you. If no lienholder is on the policy the cheque is payable to you only.
As far as settelment - Lets say you bought a car but paid $ 2000 more than the car was actually worth. The insurance company will not pay more because you paid too much. Works the opposite way to lets say Uncle eddie sold it to you way cheaper than its worth. Lets say its worth $ 20,000 however you paid only 15,000 you get $ 20 grand
Reply:It depends on your policy. The vast majority of auto policies, they pay out actual cash value - less your deductible. You can calculate that with the private party resale value at www.kbb.com.
They won't pay off the balance, unless you bought GAP coverage. And, GAP doesn't cover any late fees, balance rollovers, or financed taxes.
Reply:The vehicles value prior to the accident. No insurance policy that I know of pays off a loan. Hopefully, the value of the car prior to the accident will cover your loan.
Brit
Reply:The actual cash value - unless you also carry a "GAP" insurance rider.
Reply:Common situation you met like many other people, be patient,and check the resource here http://www.CarInsuranceFree.info/free-ca... i found useful.
Reply:depends on ur insurance, hopefully u have a good 1
Reply:Fair market value........blue book..........
When u total a vehicle, does the insurance pay u what u owe on ur auto loan or just the vehicles value....%26gt;?
Standard collision coverage will only pay for your car's "fair market value". And that, we all know, begins to go down as soon as you drive it off the lot. The loan that you took is of no consequence to the settlement of your claim.
If you purchased gap coverage it would insure the difference between what you owe on your car and what your insurance company says it's worth.
Check with your agent to verify what coverage you chose when you insured your car.
Reply:No the insurance company will not pay off the loan. If their is a lienholder on the policy the cheque will be co payable to both of you. If no lienholder is on the policy the cheque is payable to you only.
As far as settelment - Lets say you bought a car but paid $ 2000 more than the car was actually worth. The insurance company will not pay more because you paid too much. Works the opposite way to lets say Uncle eddie sold it to you way cheaper than its worth. Lets say its worth $ 20,000 however you paid only 15,000 you get $ 20 grand
Reply:It depends on your policy. The vast majority of auto policies, they pay out actual cash value - less your deductible. You can calculate that with the private party resale value at www.kbb.com.
They won't pay off the balance, unless you bought GAP coverage. And, GAP doesn't cover any late fees, balance rollovers, or financed taxes.
Reply:The vehicles value prior to the accident. No insurance policy that I know of pays off a loan. Hopefully, the value of the car prior to the accident will cover your loan.
Brit
Reply:The actual cash value - unless you also carry a "GAP" insurance rider.
Reply:Common situation you met like many other people, be patient,and check the resource here http://www.CarInsuranceFree.info/free-ca... i found useful.
Reply:depends on ur insurance, hopefully u have a good 1
Reply:Fair market value........blue book..........
Where is my money best spent on loan repayment? Auto loan vs. Student loan?
I have a $3500 balance on my car loan at about 6% and 24 payments remaining. I have a $10000 balance on my supplemental student loan at %11 and 10 years remaining. I currently have a $4000 surplus I am planning on putting towards my loans. I am having trouble figuring where my money is best spent? Pay off the car loan now, and then put the extra monthly savings to the student loan, or pay down the student loan a little and continue on business as usual? Thanks.
Where is my money best spent on loan repayment? Auto loan vs. Student loan?
Make all prepayments on the 11% student loan first. Even after the tax deduction for the student loan, this is still more expensive.
Think of it this way. If you prepay $1 on the car loan today, you will save $.06 in interest next year, but if you prepay $1 on the student loan, you will save $.11.
Now, lets assume that you marginal tax rate is 30% and you can fully deduct your student loan interest. Your after tax cost of debt is (1-.30)*11%=7.7%. So, after tax, you will be better bt $0.017 per year for each dollar prepaid until the loan is paid off.
As long as your marginal tax rate is less than 45%, you are better off paying off the student loan first.
Reply:Your student loan has a higher rate, so that will save you the most money. (you may be able to consolidate at a lower rate)
However, 4000 is enough to pay off the auto loan and make that payment go away.
So, if your income is stable and both payments fit comfortably in you budget I would pay down the student loan.
If you monthly budget is a stretch, I would pay off the auto loan to free up that payment each month. And send it to the student loan of course.
Reply:If you pay off your car, you will have one less bill to pay, which will allow you to pay more per month toward your student loan. If you just pay down your student loan, you will have only $6,000 left to pay, but you won't be able to pay as much per month.
Reply:I'd pay off the auto loan, leaving $500 to pay on the student loan. Once you have the auto loan paid off in full, you'll be able to concentrate on paying down the student loan. I've found it's easier to deal with one loan at a time.
Reply:The best thing to do is pay down the student loan.
But paying off a loan is even better.Your loan amounts are not that high and won't make much of a difference.
My advice is to pay off the car loan and double up on the student loan.
What ever you do,paying off debt is the best thing for your future.
Best of luck
Reply:Paying down the student loan and continuing to make payments on both loans will end up costing you the least interest in the long run.
However, if you are struggling to make both payments, it may be better to pay off the car loan and put the $500 into a savings account for emergencies, and devote most/all of the previous car loan payment, along with the current student loan payment to the student loan. It will end up costing you more in interest, but if it improves your monthly cash flow so that you are not forced to borrow other money, it may be worth it.
The question you need to answer yourself is what's most important to you right now - monthly cash flow, or saving money on interest in the long run.
Reply:The Finance PhD candidate gave you the only good answer here.
BAD reasons for paying off one loan over the other include: "so you have one less to think about," or "b/c it's got the larger balance." NO!!
The smartest way to pay down debt is to start with your "most expensive debt." That is your debt with the highest AFTER TAX rate (the real rate after your tax benefits). And Mr PhD broke out the numbers for you there. Pay as much as you can on the student loan FIRST b/c that's your most expensive debt. Don't worry about paying ahead on your auto loan until the student loan is paid off.
Anyone who answer differently...well, I just feel sorry that they will never get it! And they will be paying on their debt loooong after you'v paid down all of yours ;)
Where is my money best spent on loan repayment? Auto loan vs. Student loan?
Make all prepayments on the 11% student loan first. Even after the tax deduction for the student loan, this is still more expensive.
Think of it this way. If you prepay $1 on the car loan today, you will save $.06 in interest next year, but if you prepay $1 on the student loan, you will save $.11.
Now, lets assume that you marginal tax rate is 30% and you can fully deduct your student loan interest. Your after tax cost of debt is (1-.30)*11%=7.7%. So, after tax, you will be better bt $0.017 per year for each dollar prepaid until the loan is paid off.
As long as your marginal tax rate is less than 45%, you are better off paying off the student loan first.
Reply:Your student loan has a higher rate, so that will save you the most money. (you may be able to consolidate at a lower rate)
However, 4000 is enough to pay off the auto loan and make that payment go away.
So, if your income is stable and both payments fit comfortably in you budget I would pay down the student loan.
If you monthly budget is a stretch, I would pay off the auto loan to free up that payment each month. And send it to the student loan of course.
Reply:If you pay off your car, you will have one less bill to pay, which will allow you to pay more per month toward your student loan. If you just pay down your student loan, you will have only $6,000 left to pay, but you won't be able to pay as much per month.
Reply:I'd pay off the auto loan, leaving $500 to pay on the student loan. Once you have the auto loan paid off in full, you'll be able to concentrate on paying down the student loan. I've found it's easier to deal with one loan at a time.
Reply:The best thing to do is pay down the student loan.
But paying off a loan is even better.Your loan amounts are not that high and won't make much of a difference.
My advice is to pay off the car loan and double up on the student loan.
What ever you do,paying off debt is the best thing for your future.
Best of luck
Reply:Paying down the student loan and continuing to make payments on both loans will end up costing you the least interest in the long run.
However, if you are struggling to make both payments, it may be better to pay off the car loan and put the $500 into a savings account for emergencies, and devote most/all of the previous car loan payment, along with the current student loan payment to the student loan. It will end up costing you more in interest, but if it improves your monthly cash flow so that you are not forced to borrow other money, it may be worth it.
The question you need to answer yourself is what's most important to you right now - monthly cash flow, or saving money on interest in the long run.
Reply:The Finance PhD candidate gave you the only good answer here.
BAD reasons for paying off one loan over the other include: "so you have one less to think about," or "b/c it's got the larger balance." NO!!
The smartest way to pay down debt is to start with your "most expensive debt." That is your debt with the highest AFTER TAX rate (the real rate after your tax benefits). And Mr PhD broke out the numbers for you there. Pay as much as you can on the student loan FIRST b/c that's your most expensive debt. Don't worry about paying ahead on your auto loan until the student loan is paid off.
Anyone who answer differently...well, I just feel sorry that they will never get it! And they will be paying on their debt loooong after you'v paid down all of yours ;)
How would I know if I qualify for a 0% auto loan?
What score would I need on my credit report? And why do I see some answers stating that 0% financing might not be worth it? Thanks!!
How would I know if I qualify for a 0% auto loan?
Honestly, about a 720 or better should get you to qualify for 0% @ 60 months, depending on what make you are buying. Some Car makers have what they call "Tiers", that you qualify for, like Nissan right now has 0.7% for 36 months on certain cars, and that incentive goes all the way down to "Tier 2" which is a 658 beacon and above. Nissan's "Tiers" start at "Tier 0" which is 740 or better and go down from there.
Reply:I would expect you would need a score at minimum between 660-680. You can check your score at: myfico.com for approx. $12.95. Dealers and bank's underwriters use different scoring models, but the 800 figure is too high. It is normally someone in the low to mid 700's that qualifies.You are entitled to a free credit report from each of the three bureaus, not a free credit score.
The 0% APR is normally worth it, but sometimes dealers give money back incentives that are more lucrative. You have to run the numbers both ways to make sure you are getting the best deal....and what is better in your own situation. If you have a trade in or good down payment, the lower APR is usually the way to go.
Here is way to view all the current incentives and rebates:
Example is for an SUV
Go to: edmunds.com
Under New Cars
Click on "See Pricing...." on the far left
Click on "SUV"
Then click on "incentives and rebates" on the bar across the top and you can see all the current deals alphabetically by manufacturer.
Reply:Every lender has different standards. You'll have to either apply or maybe the dealer can tell you what score you need to qualify.
0% is attractive, especially if you have a decent down payment. You'll have to compare the APR vs. the rebate if any to see which is better for you.
Reply:You should be able to get your credit score free on-line depending on what state you are in. You have to have a excellent score for 0% interest -800. The reason why they say it might not be a good idea is because dealers somehow find a way to "Get their money" read the fine print before agreeing to any of it .
How would I know if I qualify for a 0% auto loan?
Honestly, about a 720 or better should get you to qualify for 0% @ 60 months, depending on what make you are buying. Some Car makers have what they call "Tiers", that you qualify for, like Nissan right now has 0.7% for 36 months on certain cars, and that incentive goes all the way down to "Tier 2" which is a 658 beacon and above. Nissan's "Tiers" start at "Tier 0" which is 740 or better and go down from there.
Reply:I would expect you would need a score at minimum between 660-680. You can check your score at: myfico.com for approx. $12.95. Dealers and bank's underwriters use different scoring models, but the 800 figure is too high. It is normally someone in the low to mid 700's that qualifies.You are entitled to a free credit report from each of the three bureaus, not a free credit score.
The 0% APR is normally worth it, but sometimes dealers give money back incentives that are more lucrative. You have to run the numbers both ways to make sure you are getting the best deal....and what is better in your own situation. If you have a trade in or good down payment, the lower APR is usually the way to go.
Here is way to view all the current incentives and rebates:
Example is for an SUV
Go to: edmunds.com
Under New Cars
Click on "See Pricing...." on the far left
Click on "SUV"
Then click on "incentives and rebates" on the bar across the top and you can see all the current deals alphabetically by manufacturer.
Reply:Every lender has different standards. You'll have to either apply or maybe the dealer can tell you what score you need to qualify.
0% is attractive, especially if you have a decent down payment. You'll have to compare the APR vs. the rebate if any to see which is better for you.
Reply:You should be able to get your credit score free on-line depending on what state you are in. You have to have a excellent score for 0% interest -800. The reason why they say it might not be a good idea is because dealers somehow find a way to "Get their money" read the fine print before agreeing to any of it .
I cosigned on an auto loan for a year the person I sign for does not want to refinance. What can I do legally?
They have ruined my credit because they are late with payments. I made the mistake to co sign now how can I fix it. They are in-laws; my husbands son. How can I have the finance co. take me off the loan?
I cosigned on an auto loan for a year the person I sign for does not want to refinance. What can I do legally?
Perhaps if you offered them $1000 they would refi under their name only. Ifthey accept, make sure you see the satified papers before you give them the money.
Reply:Unfortunately you can't do anything. When you co-sign, you agree to all the consequences that come with the person defaulting, including ruined credit. If the other person isn't willing to refinance to take you off (probably because they know that they won't be approved without you) then you are stuck. You could however pay off the car, and then file small claims against them to show that you paid it, and that they ruined your credit, and you may be able to get a garnishment to pay you back, or you may get the car and be able to sell it. Sorry that doesn't really help you in the mean time though.
Reply:When you co-signed you agreed that you would make the payments if they could not or would not make them. So you have found out the hard way why you should never co-sign unless you are prepared to do this.
Unfortunately the short answer is the only way to be taken off of the loan is to pay off the loan. If they don't want to refinance then you will want to avoid further damage to your credit. You might want to think about paying the loan yourself to be sure it is on-time, and then have your husbands son pay you.
Reply:As far as I know, since you are not the primary borrower you really have no say in the matter. The bank is only going to come after you if the primary borrower can not pay.
Since they are paying the loan refinancing is up to them. Although if they are constantly late with payments, they may not be able to refinance anyway. It seems that you would be able to refinance if the loan is turned over to you.
I would contact the bank and let them tell you your options. Because they are soon going to be knocking on your door.
Reply:That is just horrible. As they say, no good deed goes unpunished. There isn't anything you can do so far as I know. Hopefully, they wil finally pay off the loan and then you can work on rebuilding your credit, but it sure puts you in a heck of a mess until them. Your hurt may help others to realize to never co-sign for anyone for any reason because you are actually agreeing that the loan is your responsibility.
Reply:You CAN'T be taken off the loan unless they refinance, which probably won't happen because they are always late with their payments. NOW you know why you NEVER co-sign for anyone. If they don't pay on time, either YOU pay or have your credit ruined.
Reply:There's not much you can do except find a way to pay off the loan pronto so it can stop hurting your credit. That's the chance a cosigner takes.
Reply:you cant that's what a co signer is if the person does not pay you signed stating you would pick up where they left off
Reply:as long as the loan is on you will be responsible you should take charge and make sure the payment is on time every month
Reply:I don't think they'll do that. You should probably make the payments and sue the son.
Reply:what were you thinking
ginkgo
I cosigned on an auto loan for a year the person I sign for does not want to refinance. What can I do legally?
Perhaps if you offered them $1000 they would refi under their name only. Ifthey accept, make sure you see the satified papers before you give them the money.
Reply:Unfortunately you can't do anything. When you co-sign, you agree to all the consequences that come with the person defaulting, including ruined credit. If the other person isn't willing to refinance to take you off (probably because they know that they won't be approved without you) then you are stuck. You could however pay off the car, and then file small claims against them to show that you paid it, and that they ruined your credit, and you may be able to get a garnishment to pay you back, or you may get the car and be able to sell it. Sorry that doesn't really help you in the mean time though.
Reply:When you co-signed you agreed that you would make the payments if they could not or would not make them. So you have found out the hard way why you should never co-sign unless you are prepared to do this.
Unfortunately the short answer is the only way to be taken off of the loan is to pay off the loan. If they don't want to refinance then you will want to avoid further damage to your credit. You might want to think about paying the loan yourself to be sure it is on-time, and then have your husbands son pay you.
Reply:As far as I know, since you are not the primary borrower you really have no say in the matter. The bank is only going to come after you if the primary borrower can not pay.
Since they are paying the loan refinancing is up to them. Although if they are constantly late with payments, they may not be able to refinance anyway. It seems that you would be able to refinance if the loan is turned over to you.
I would contact the bank and let them tell you your options. Because they are soon going to be knocking on your door.
Reply:That is just horrible. As they say, no good deed goes unpunished. There isn't anything you can do so far as I know. Hopefully, they wil finally pay off the loan and then you can work on rebuilding your credit, but it sure puts you in a heck of a mess until them. Your hurt may help others to realize to never co-sign for anyone for any reason because you are actually agreeing that the loan is your responsibility.
Reply:You CAN'T be taken off the loan unless they refinance, which probably won't happen because they are always late with their payments. NOW you know why you NEVER co-sign for anyone. If they don't pay on time, either YOU pay or have your credit ruined.
Reply:There's not much you can do except find a way to pay off the loan pronto so it can stop hurting your credit. That's the chance a cosigner takes.
Reply:you cant that's what a co signer is if the person does not pay you signed stating you would pick up where they left off
Reply:as long as the loan is on you will be responsible you should take charge and make sure the payment is on time every month
Reply:I don't think they'll do that. You should probably make the payments and sue the son.
Reply:what were you thinking
ginkgo
Can I get an auto loan with bad credit?
I am looking to buy a $15,000 car, I will have $2000 to put down. I have poor credit but I am paying off my other $12,000 car loan next month. Do you think anyone will finance me for that amount? I don't want to trade in my other car, I'm going to keep it.
Can I get an auto loan with bad credit?
If you aren't picky, check out your local KIA or Hyundai dealer or Mitsubishi, they have great 2nd chance financing options.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:I used the following website in the past %26amp; they found a car dealership for me. Check them out:
http://www.barnone.com
Reply:yea me and my husband tried to get a loan about a year ago when our score was really bad and no1 would approve us for a loan...we had to get a co-signer (my mom) but they're were a few places that said they would approve us but just wanted to give us a ridiculous interest rate of like 28%^...so watch out for those those little car companies...your best bet would be to go to a credit union and try to get a personal auto loan through them so you can go to the dealership and tell them that you have the loan and thats all you can spend...
ps. you should take someone with you that knows alot about making deals...we did and got a really good deal on our jeep....never say yes to the sticker price...good luck
Reply:The finance company you are paying off your car loan should be willing to give you credit becuse you are putting down about 12% on the loan. The answer also depends on the Kelly book on the car. If it only valued at 12,000 they probably will be reluctant to finance it. If it is worth more than you are financing they they will probably do it if you have been on time with your payments. Another way to get a bank to finance you is to have direct deposit and direct payment of your loan from your account by the bank.
Can I get an auto loan with bad credit?
If you aren't picky, check out your local KIA or Hyundai dealer or Mitsubishi, they have great 2nd chance financing options.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:I used the following website in the past %26amp; they found a car dealership for me. Check them out:
http://www.barnone.com
Reply:yea me and my husband tried to get a loan about a year ago when our score was really bad and no1 would approve us for a loan...we had to get a co-signer (my mom) but they're were a few places that said they would approve us but just wanted to give us a ridiculous interest rate of like 28%^...so watch out for those those little car companies...your best bet would be to go to a credit union and try to get a personal auto loan through them so you can go to the dealership and tell them that you have the loan and thats all you can spend...
ps. you should take someone with you that knows alot about making deals...we did and got a really good deal on our jeep....never say yes to the sticker price...good luck
Reply:The finance company you are paying off your car loan should be willing to give you credit becuse you are putting down about 12% on the loan. The answer also depends on the Kelly book on the car. If it only valued at 12,000 they probably will be reluctant to finance it. If it is worth more than you are financing they they will probably do it if you have been on time with your payments. Another way to get a bank to finance you is to have direct deposit and direct payment of your loan from your account by the bank.
I am 40 days behind on my auto loan. I am going to pay it on 11/30/07, will they repo my car?
I have kept in contact with my loan officer, and told her everything. I am just wanting an answer. Thanks,
I am 40 days behind on my auto loan. I am going to pay it on 11/30/07, will they repo my car?
No, not likely. If you are in contact and explain yourself, they will usually work with you. Most times, it takes closer to 3 months for a repo.
Reply:If they have mercy on everyone, they will not make money. So , they would charge you interest on the delayed period after knowing your sincereity that you would pay the next time, on time, or that you can afford to pay the interest on that. After all, they need business, because if they take your car they will not refund you the money you paid them, and if they cannot get your signature on the release of the car to them, they cannot have clean paper for it, to sell it, and if they cannot do that they will lose on the value of the car. So they will prefer to pressurize you to pay on time, and/or pay with added interest. It depends if this is the first or second or the 7th installment default. If they are loan sharks, and you defaulted on the 8th or almost DONE UP installment, (which you should not have), then you stand to lose the car. If its the 2nd then its as I said.
Reply:not likely since you have kept in contact with the bank
Reply:no!!!
Reply:Loan officers can tell you anything, but its the contract you signed in the agreement to pay that counts.
If it says the car will be repossessed after a certain time passes, it will.
Unless that loan officer is the one you made the initial agreement and signed the contract with, it might not be taken.
Still, read the contract.
Reply:To be honest, it really depends on the lender. Most won't repo before 60 days late though. Technically, they can repo the vehicle anytime after the due date, but they don't want to do this because it is more profitable to collect the late fee and let you keep making payments 15-60 days late.
Reply:It depends on the company. If you are 1 day late the order can be sent. A smart loan officer will let you think everything is ok so you do not hide the unit. Charge off is around the corner so they are more than likely getting ready to snatch it up. If you tell them you are going to pay make sure you do. If you do not, you will be the cities newest bus rider!
I am 40 days behind on my auto loan. I am going to pay it on 11/30/07, will they repo my car?
No, not likely. If you are in contact and explain yourself, they will usually work with you. Most times, it takes closer to 3 months for a repo.
Reply:If they have mercy on everyone, they will not make money. So , they would charge you interest on the delayed period after knowing your sincereity that you would pay the next time, on time, or that you can afford to pay the interest on that. After all, they need business, because if they take your car they will not refund you the money you paid them, and if they cannot get your signature on the release of the car to them, they cannot have clean paper for it, to sell it, and if they cannot do that they will lose on the value of the car. So they will prefer to pressurize you to pay on time, and/or pay with added interest. It depends if this is the first or second or the 7th installment default. If they are loan sharks, and you defaulted on the 8th or almost DONE UP installment, (which you should not have), then you stand to lose the car. If its the 2nd then its as I said.
Reply:not likely since you have kept in contact with the bank
Reply:no!!!
Reply:Loan officers can tell you anything, but its the contract you signed in the agreement to pay that counts.
If it says the car will be repossessed after a certain time passes, it will.
Unless that loan officer is the one you made the initial agreement and signed the contract with, it might not be taken.
Still, read the contract.
Reply:To be honest, it really depends on the lender. Most won't repo before 60 days late though. Technically, they can repo the vehicle anytime after the due date, but they don't want to do this because it is more profitable to collect the late fee and let you keep making payments 15-60 days late.
Reply:It depends on the company. If you are 1 day late the order can be sent. A smart loan officer will let you think everything is ok so you do not hide the unit. Charge off is around the corner so they are more than likely getting ready to snatch it up. If you tell them you are going to pay make sure you do. If you do not, you will be the cities newest bus rider!
My credit score is a 441 is there anywhere i can get an Auto loan?
I just payed of a 25000 dollar car. But there other things on my credit that make my credit score low.All the collection accounts happend this year. Is there any banks that will finance me so that I can buy a car of the lot of my choice and not one that the bank or the lender selects.
My credit score is a 441 is there anywhere i can get an Auto loan?
You could try applying with the people you financed the last car with. Call and talk to a real person, and point out that you just paid off a loan with them, and want to know if you can get another loan from them.
Also, a good place to check is...
http://www.knowledged.info/go.php?link=a...
Good Luck.
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies has made it possible to get a car loan or an auto loan at favorable terms.
http://www.worldbestloans.com/autoloans....
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:Holy moly! 441! I never heard of a score that low.
Sure, you can probably get a car, but you are going to pay a really, really, really high rate of interest. Instead, you should focus on fixing your credit so you can get something and afford it. Try www.debtorsanonymous.org or read "Pay It Down" for more details.
You can also try getting advice at a credit union -- they are better for car loans than banks.
Reply:I have a better solution for you rather than going to a place to get a high apr for a car loan,
go to: www.creditrepairforall.vpweb.com
They can help you raise your credit score and repair the issues on your credit report. They do an awesome job and can help you to save thousands on high aprs.
Have a great day!
My credit score is a 441 is there anywhere i can get an Auto loan?
You could try applying with the people you financed the last car with. Call and talk to a real person, and point out that you just paid off a loan with them, and want to know if you can get another loan from them.
Also, a good place to check is...
http://www.knowledged.info/go.php?link=a...
Good Luck.
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies has made it possible to get a car loan or an auto loan at favorable terms.
http://www.worldbestloans.com/autoloans....
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:Holy moly! 441! I never heard of a score that low.
Sure, you can probably get a car, but you are going to pay a really, really, really high rate of interest. Instead, you should focus on fixing your credit so you can get something and afford it. Try www.debtorsanonymous.org or read "Pay It Down" for more details.
You can also try getting advice at a credit union -- they are better for car loans than banks.
Reply:I have a better solution for you rather than going to a place to get a high apr for a car loan,
go to: www.creditrepairforall.vpweb.com
They can help you raise your credit score and repair the issues on your credit report. They do an awesome job and can help you to save thousands on high aprs.
Have a great day!
Can i get my bank to payoff my auto loan?
Is it possible to get my bank to payoff my auto loan.. then pay back my bank with a lower interest rate?...
Can i get my bank to payoff my auto loan?
Yes, you can refinance your current loan, depending of course on your credit %26amp; income. Good luck.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:it's called refinancing your loan...very doable
Reply:It is possible but I think it is best that you should apply for an "unsecure" low interest personal line of credit, if you haven't got one yet. Many banks most likely will offer you with an attractive low interest rate in order to get your business if you have a good credit score. However, many banking or financial institutions would offer you a larger amount with a lower interest personal line of credit using your home equity. This is then a secured loan. I would strongly suggest that you don't consider that. Higher credit limit may result to future financial trouble. If you are not able to manage it right, trouble comes. Always remember to use your credit wisely. You mentioned that you might want to get your bank to payoff your car loan. If the interest rate the bank offered you is lower than the interest rate you pay for your car loan, then go ahead because you can save some money by paying less interest. Take my word, when you are able to manage your finances wisely, you will live a better and a happier life.
Reply:Yes you can. I actually just did that. I only owed 4 more months on my truck and refinanced it for another two years for credit building purposes.
Reply:Sure you can. Most local banks are eager to loan people money to refinance a loan that they have paid as agreed.
I did the same thing and got a better rate and a lower payment for a shorter term.
It will depend on how much you owe verse what the vehicle books for in N.A.D.A. and how many payments you have made and how you have made them.
Reply:If you refinance your car, they will do this. You would basically be getting a new loan for hopefully a lower interest rate and instead of the car company (say Toyota Credit or Ford Motor Credit) you would be paying the bank where you get the new loan.
Once you get the new loan, the bank will be sent the title to the car from the company that holds the title now.
Please be sure you are getting a lower interest rate and please know that if the car is new and has lost a great deal of value you might not get a loan for the full amount. Banks or any financial institution cannot loan money for something that is more than what it is worth. What I mean is, if you car was purchased for say 19,300.00 and the value of it today is 18,500.00, 18,500.00 is all that the bank can give you on a loan for that car. Even if you owe 18,700.00 for it now...They must go by the "value" of the car now...
Best of luck to you...
azalea tree
Can i get my bank to payoff my auto loan?
Yes, you can refinance your current loan, depending of course on your credit %26amp; income. Good luck.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:it's called refinancing your loan...very doable
Reply:It is possible but I think it is best that you should apply for an "unsecure" low interest personal line of credit, if you haven't got one yet. Many banks most likely will offer you with an attractive low interest rate in order to get your business if you have a good credit score. However, many banking or financial institutions would offer you a larger amount with a lower interest personal line of credit using your home equity. This is then a secured loan. I would strongly suggest that you don't consider that. Higher credit limit may result to future financial trouble. If you are not able to manage it right, trouble comes. Always remember to use your credit wisely. You mentioned that you might want to get your bank to payoff your car loan. If the interest rate the bank offered you is lower than the interest rate you pay for your car loan, then go ahead because you can save some money by paying less interest. Take my word, when you are able to manage your finances wisely, you will live a better and a happier life.
Reply:Yes you can. I actually just did that. I only owed 4 more months on my truck and refinanced it for another two years for credit building purposes.
Reply:Sure you can. Most local banks are eager to loan people money to refinance a loan that they have paid as agreed.
I did the same thing and got a better rate and a lower payment for a shorter term.
It will depend on how much you owe verse what the vehicle books for in N.A.D.A. and how many payments you have made and how you have made them.
Reply:If you refinance your car, they will do this. You would basically be getting a new loan for hopefully a lower interest rate and instead of the car company (say Toyota Credit or Ford Motor Credit) you would be paying the bank where you get the new loan.
Once you get the new loan, the bank will be sent the title to the car from the company that holds the title now.
Please be sure you are getting a lower interest rate and please know that if the car is new and has lost a great deal of value you might not get a loan for the full amount. Banks or any financial institution cannot loan money for something that is more than what it is worth. What I mean is, if you car was purchased for say 19,300.00 and the value of it today is 18,500.00, 18,500.00 is all that the bank can give you on a loan for that car. Even if you owe 18,700.00 for it now...They must go by the "value" of the car now...
Best of luck to you...
azalea tree
I am an independent contractor, can I qualify for a auto loan?
I am an independent contractor for a petsitting company, I make pretty decent money and have been working there for a year and a half. I have 2 grand to put down on a car, will I qualify for a loan even though I am not an employee with a set salary?
I am an independent contractor, can I qualify for a auto loan?
I would think so, as long as your credit score and other variables are in order and you qualify for the anount you need.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Depends on your credit score. If they think you'll make your payments, they'll sell you a car. They may use your job status as an excuse to give you a higher interest rate though.
Reply:If you can show tax records or bank statements showing your deposits, you have a good chance.
Reply:hi
I am an independent contractor, can I qualify for a auto loan?
I would think so, as long as your credit score and other variables are in order and you qualify for the anount you need.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Depends on your credit score. If they think you'll make your payments, they'll sell you a car. They may use your job status as an excuse to give you a higher interest rate though.
Reply:If you can show tax records or bank statements showing your deposits, you have a good chance.
Reply:hi
Where can I get a cheap auto loan?
I need about 25grand. I am going to pay 16500 to my current car loan, than sell that car for 10grand. the 8500 from the 25grand will go to a new car. and the 10grand from selling my car now will go to the 25grand loan. Does that make sence and where can I get this loan with bad credit?
Where can I get a cheap auto loan?
I used http://www.credit.ebookorama.com just make sure you like what interest rate they offer you, (should be cheaper than what you pay now obviously) good luck
Reply:
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THE FOLLOWING LOANS ARE AVAILABLE:
*Mortgage Loans low interest rates.
*Home Mortgage Refinance.
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*Single Family Residence Financing Loan.
*Student Loans.
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Yours Sincerely,
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C.E.O/Chief Consultant Officer
IC-GLOBAL LOANS FIRM:RC:89773
Reply:Get an online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionaire will let you know if you can be approved. It's free and you can get an answer in minutes.
Where can I get a cheap auto loan?
I used http://www.credit.ebookorama.com just make sure you like what interest rate they offer you, (should be cheaper than what you pay now obviously) good luck
Reply:
BONANZA! BONANZA!! BONANZA!!!
My name is Mr.Clark Smit, (C.E.O/Chief Consultant Officer IC-GLOBAL LOANS FIRM:RC:89773) I have been arranging online loans for many years...Since I do all the work myself and have no overhead, due to research on loan seekers, I came to believe that, the dream of every loan seekeres is to have the best,cheap,genuine and quick delivery loans...So as to be relevant to the society...However, this dream is often diminished due to the high cost/interest rates of acquisition...The IC-GLOBAL LOANS FIRM is offering CHEAP LOAN BONANZA!!! for her clients. Starting from (SEPTEMBER 1ST, 2008 -- DECEMBER 30TH, 2009) ...To help loan seekers achieve their dreams with ease...Working with me will be close and personal. I am available seven days a week to facilitate your loan request.If you are interested,I am very confident that I can arrange your loan at a better interest rate and lower cost than anyone else in town.
THE FOLLOWING LOANS ARE AVAILABLE:
*Mortgage Loans low interest rates.
*Home Mortgage Refinance.
*Home Improvement Loans.
*Single Family Residence Financing Loan.
*Student Loans.
*Business Loans.
*Health Loans.
*Auto Loans.
*Personal Loans.
*Company Loans.
*Farm Developement Loans.
*Debt Consolidation Loans...Etc..
To access this loan is very simple and easy, you do not need to own a property anywhere in the world to get this loan. Base on this development, you can contact us via email: contacticglobal@yahoo.com
Yours Sincerely,
Mr.Clark Smith
C.E.O/Chief Consultant Officer
IC-GLOBAL LOANS FIRM:RC:89773
Reply:Get an online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionaire will let you know if you can be approved. It's free and you can get an answer in minutes.
My auto loan is in default;7mos. is there any way to adjust payments to end of loan timescale?
I am willing to pay a substantial late fee. would sure like some help.
My auto loan is in default;7mos. is there any way to adjust payments to end of loan timescale?
If it's in default for 7 months, why hasn't the lender repo'd it by now? They usually start the repo process after 60 or 90 days. Unless you have an exceptionally benevolent lender, it's probably too late to keep your car.
Reply:Pick up your phone, call the lender. Ask. Only they can grant some new schedule. If you don't call them I can almost promise your vehicle will come up missing soon.
Reply:It would be the decision of the finance company. Usually when it is that late, they want the car back or you need to pay up to current. It cannot hurt to ask.
FYI. Keeping a car hidden from a lawful attempt at repossession, is a felony in most states. Just thought you should know.
My auto loan is in default;7mos. is there any way to adjust payments to end of loan timescale?
If it's in default for 7 months, why hasn't the lender repo'd it by now? They usually start the repo process after 60 or 90 days. Unless you have an exceptionally benevolent lender, it's probably too late to keep your car.
Reply:Pick up your phone, call the lender. Ask. Only they can grant some new schedule. If you don't call them I can almost promise your vehicle will come up missing soon.
Reply:It would be the decision of the finance company. Usually when it is that late, they want the car back or you need to pay up to current. It cannot hurt to ask.
FYI. Keeping a car hidden from a lawful attempt at repossession, is a felony in most states. Just thought you should know.
How can i get an auto loan with extremely bad credit?
I am trying to buy my friends 2003 mazda speed protege.
How can i get an auto loan with extremely bad credit?
Probably the best thing you can do is get someone who owns a house or has a really good credit rating to co-sign with you.
After that (or before if you like) you should look around for places that specialize in bad credit loans.
I don't know why you have bad credit, but sometimes the system really is unfair.
When you start looking for places that specialize in bad credit loans, what you want to use is some kind of broker instead of just one company. A broker can submit your application to multiple lenders all at the same time. Those lenders then make offers and compete for your business, and you just pick the deal that suits you the most, or none if that's the case.
The site listed in my source below has links to three brokers who specialize in auto loans for people with bad credit. It's a scam review site, and it speaks positively of all three brokers so maybe you should give it a try.
Brokers are great because it's free to use their services.
Reply:Hello Every One,
I am Patience Andrew by name, I live in Switzerland, just a few month ago I was in search for a loan of $ 40,000 Dollars, as my family was running out of money for feeding and my Business. I was scammed about $7,500 Dollars and i decided not to involve my self in such business again , finally A colleague of my introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of 70,000 Dollars by this great firm Joseph Micro finace managed by Mr.Joseph Matthew .
If you are in need of a ganuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds I will advice you to, contact him via email.
josephmatthew@maktoob.com
and you will be free from scams in the internet.
Reply:2 ways: Either lots of money down, like 50% of the vehicles value or get a strong co-signer.
Reply:Get a co-signer... or you're going to pay a really high interest rate... It's really hard to get a loan now too
Reply:i would try and have someone co sign for you
lily
How can i get an auto loan with extremely bad credit?
Probably the best thing you can do is get someone who owns a house or has a really good credit rating to co-sign with you.
After that (or before if you like) you should look around for places that specialize in bad credit loans.
I don't know why you have bad credit, but sometimes the system really is unfair.
When you start looking for places that specialize in bad credit loans, what you want to use is some kind of broker instead of just one company. A broker can submit your application to multiple lenders all at the same time. Those lenders then make offers and compete for your business, and you just pick the deal that suits you the most, or none if that's the case.
The site listed in my source below has links to three brokers who specialize in auto loans for people with bad credit. It's a scam review site, and it speaks positively of all three brokers so maybe you should give it a try.
Brokers are great because it's free to use their services.
Reply:Hello Every One,
I am Patience Andrew by name, I live in Switzerland, just a few month ago I was in search for a loan of $ 40,000 Dollars, as my family was running out of money for feeding and my Business. I was scammed about $7,500 Dollars and i decided not to involve my self in such business again , finally A colleague of my introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of 70,000 Dollars by this great firm Joseph Micro finace managed by Mr.Joseph Matthew .
If you are in need of a ganuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds I will advice you to, contact him via email.
josephmatthew@maktoob.com
and you will be free from scams in the internet.
Reply:2 ways: Either lots of money down, like 50% of the vehicles value or get a strong co-signer.
Reply:Get a co-signer... or you're going to pay a really high interest rate... It's really hard to get a loan now too
Reply:i would try and have someone co sign for you
lily
What is the best place to so if you make under $1500 a month for an auto loan?
I'm 18, I have no bills. My cell is paid up for three months. (new credit)
What is the best place to so if you make under $1500 a month for an auto loan?
Bank of Dad
I've bookmarked this site...
http://www.123thebest.info/go.php?link=a...
Hope that helps.
Reply:
It should really save you a lot of running around to just get a car loan price on the web to verify what todays rates are. You might be really suprised. Also if your credit is not the best, a lot of online loaners are more willing to help you.
What I usually tell folks is that an internet quote at http://auto.lowratetoday.com is a no brainer.
Reply:Get a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The automated questionaire will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.
Reply:A credit union.
What is the best place to so if you make under $1500 a month for an auto loan?
Bank of Dad
I've bookmarked this site...
http://www.123thebest.info/go.php?link=a...
Hope that helps.
Reply:
It should really save you a lot of running around to just get a car loan price on the web to verify what todays rates are. You might be really suprised. Also if your credit is not the best, a lot of online loaners are more willing to help you.
What I usually tell folks is that an internet quote at http://auto.lowratetoday.com is a no brainer.
Reply:Get a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The automated questionaire will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.
Reply:A credit union.
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
I am trying as hard as I can to find a reputable place online that would finance my cousin to take over my car and put it in her name. She only works 30 hours a week and gets about 900/ mo. Where can get that assistance? I desperately need to find somewhere that will approve her. And I am definitely not willing to cosign with her.
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
Not too many folks will swap it over like that online....especially with someone who has Little / No / or Bad Credit....with that kind of income.
Keep in mind, and Im not trying to be funny when I say this...
If you wouldn't Finance her or Co-Sign for her, the banks and lenders probably wouldn't want to either....
Chris
Reply:KIA
Reply:At any shady car lot that does in house financing. When I was younger and before my hubby and I had kids we got a car loan from a place like I mentioned and neither of us even had a job. We managed to make the payments though and ended up owning the car...so its not always a bad thing.
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
Not too many folks will swap it over like that online....especially with someone who has Little / No / or Bad Credit....with that kind of income.
Keep in mind, and Im not trying to be funny when I say this...
If you wouldn't Finance her or Co-Sign for her, the banks and lenders probably wouldn't want to either....
Chris
Reply:KIA
Reply:At any shady car lot that does in house financing. When I was younger and before my hubby and I had kids we got a car loan from a place like I mentioned and neither of us even had a job. We managed to make the payments though and ended up owning the car...so its not always a bad thing.
Which would be better to do: Finance a car w/the dealership or get an auto loan from a bank?
I live in Texas, and have fair credit. How much do you think my interest rate would be?
Which would be better to do: Finance a car w/the dealership or get an auto loan from a bank?
Brittany B, Try getting a free online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The form will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:My suggestion is to get approved first by an institution like a bank or credit union. This pre-approval will give you an idea of how much you can afford and what payments you are dealing with.
Also, this will help you when buying the vehicle, because you will be able to negotiate the price based on the car and not "what payments the dealership can fit you into".
Once price is negotiated, then it does not hurt to look at their financing if they can get a better rate for you. Some dealerships have good offers right now at rates that bank and credit unions can't touch. And, if the dealership financing starts to look sour, then at least you already have the bank financing to complete the deal and drive home.
Your specific rate though, is all based on your credit. Good Luck. Do research on the vehicles you are considering.
Reply:Since the auto industry is so slow now. They have great offers. I am not sure are you looking for a new car. If yes, many of them got great deal like 0% APR or 1.9% for like 5 years no matter how your credit is. If you are approve they will gave you their promotion offer. If you got approve from the dealer you don't need to bother to go to bank. They cost more than 5% most likely.
Reply:Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Reply:Id depends on the actual company. Get quotes from credit unions and banks before heading to the dealership, then compare all of them right there.
Here are way more financing tips to help make sure you don't get ripped off:
Reply:Whoever gives you the best deal but I would not go more than 5 years. Also make sure it's a fixed rate with an open end which means you can pay extra each month to cut down on the term.
Reply:I recommend trying a credit union. I was able to get a loan for 2 points lower than any other bank.
Reply:Go through your bank, I would never go through the dealership they rip people off big time.
Which would be better to do: Finance a car w/the dealership or get an auto loan from a bank?
Brittany B, Try getting a free online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The form will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:My suggestion is to get approved first by an institution like a bank or credit union. This pre-approval will give you an idea of how much you can afford and what payments you are dealing with.
Also, this will help you when buying the vehicle, because you will be able to negotiate the price based on the car and not "what payments the dealership can fit you into".
Once price is negotiated, then it does not hurt to look at their financing if they can get a better rate for you. Some dealerships have good offers right now at rates that bank and credit unions can't touch. And, if the dealership financing starts to look sour, then at least you already have the bank financing to complete the deal and drive home.
Your specific rate though, is all based on your credit. Good Luck. Do research on the vehicles you are considering.
Reply:Since the auto industry is so slow now. They have great offers. I am not sure are you looking for a new car. If yes, many of them got great deal like 0% APR or 1.9% for like 5 years no matter how your credit is. If you are approve they will gave you their promotion offer. If you got approve from the dealer you don't need to bother to go to bank. They cost more than 5% most likely.
Reply:Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Reply:Id depends on the actual company. Get quotes from credit unions and banks before heading to the dealership, then compare all of them right there.
Here are way more financing tips to help make sure you don't get ripped off:
Reply:Whoever gives you the best deal but I would not go more than 5 years. Also make sure it's a fixed rate with an open end which means you can pay extra each month to cut down on the term.
Reply:I recommend trying a credit union. I was able to get a loan for 2 points lower than any other bank.
Reply:Go through your bank, I would never go through the dealership they rip people off big time.
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Looking to buy a new Pickup we have a good income we just had to file bankruptcy due to several old medical bills. Need about $29,000
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Most lenders affiliated with dealerships will probably give you a car loan if you have a good employment history but the trick is you will have to pay very high% rates. 25% maybe. How about a home equity loan to buy the car? Then you can write off the interest.
Or buy used and pay cash if you make that much.
Why couldn't you pay off your medical bills if you have a good income?
Reply:You DON'T need a $29,000 pickup. You can get a 3 year old version of the same vehicle for around $18,000 and in 1 year, NO ONE will know the difference. NO ON can afford ANY vehicle they can't buy without a loan.
Reply:Americredit...But anywhere you go, your rate will be 25-30%
Ouch!
Reply:If you did not have a repossessions or foreclosure included in your Bankruptcy %26amp; have paid on a car loan before I would contact a local Wells Fargo Financial in your area. The rate will be high of course but raising your Credit score is easy these days %26amp; I would anticipate refinancing at a much lower rate after a year of ontime payments %26amp; keeping your credit clean.
Reply:Do not get a loan with Americredit!!!!!!! My best friend got a car loan with Americredit and they will cause you to have to refile! They are a rip off car loan company that takes advantage of the desperate! But Good Luck Car loan hunting!
myspaces.com
I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Most lenders affiliated with dealerships will probably give you a car loan if you have a good employment history but the trick is you will have to pay very high% rates. 25% maybe. How about a home equity loan to buy the car? Then you can write off the interest.
Or buy used and pay cash if you make that much.
Why couldn't you pay off your medical bills if you have a good income?
Reply:You DON'T need a $29,000 pickup. You can get a 3 year old version of the same vehicle for around $18,000 and in 1 year, NO ONE will know the difference. NO ON can afford ANY vehicle they can't buy without a loan.
Reply:Americredit...But anywhere you go, your rate will be 25-30%
Ouch!
Reply:If you did not have a repossessions or foreclosure included in your Bankruptcy %26amp; have paid on a car loan before I would contact a local Wells Fargo Financial in your area. The rate will be high of course but raising your Credit score is easy these days %26amp; I would anticipate refinancing at a much lower rate after a year of ontime payments %26amp; keeping your credit clean.
Reply:Do not get a loan with Americredit!!!!!!! My best friend got a car loan with Americredit and they will cause you to have to refile! They are a rip off car loan company that takes advantage of the desperate! But Good Luck Car loan hunting!
myspaces.com
Can I get an auto loan with bad credit-past due child support?
Let me tell you my problem:
I want to purchase a vehicle but I'm worry about my credit. I have past-due child support that I just start paying after I got my new job. I was wondering if that will hurt me or count against me from not getting a loan. I recently apply with a bank to get a loan and they approved me for $13000 APR is around 15%. They just need to verify some more info about me. I'm worried that if after I talk with them they might not approve the loan. Has anybody been in a similiar situation like me? Please respond with feedbacks so I have an understanding on what to do before I waste my time at the bank.
Can I get an auto loan with bad credit-past due child support?
In NJ even if you are making your payments but your arrears are over $1000 your account will be reported to credit agencies... Most states have similar rules except that the amount varies.. Call your child support office and find out weather your account has been reported. --- If u already started making payments on your account you can tell the bank to call the child support office to verify the status and the office may be able to fax something over to them stating that payments have started coming in.
Reply:Check this place out. All you need is a job.
http://creditoffernow.com/autoloan
Reply:hahaha good luck
Reply:I know with bad credit you can, but i dont think they will with past-due child support. Or you can go to a buy here -pay here, they will probably finance it for you
Reply:These articles should help you:
Unsecured Debt Consolidation Loan For All
http://www.askaquery.com/question/Unsecu...
Regain your financial status with Debt Consolidation Loans
http://www.askaquery.com/question/Regain...
Debt Consolidation Loan for Bad Credit
http://www.askaquery.com/question/Debt-C...
Reply:Yes because a car acts as collateral you can get a loan. Just don't expect to buy a Jag or something try getting one here
http://www.fast-auto-loan.net
Reply:create and new identity and dont mess it up- as long as your being honest with the new id i see no issues and dont screw it up
i always rec- you use a deceased party to crreate new identity
Reply:Past due child support genenerally is not on your credit report unless you are SERIOUSLY delinquent. Don't worry about it. You will find some bank or corporation to finance - you might just have to pay a higher interest rate. Good Luck!
Reply:Usually child support does not go on your credit report unless it goes through some kind of banking process.The state usually handles CS and they just come get you if you don't pay.You can always get a car at a on the lot finance company,you just pay a little more in interest.
I want to purchase a vehicle but I'm worry about my credit. I have past-due child support that I just start paying after I got my new job. I was wondering if that will hurt me or count against me from not getting a loan. I recently apply with a bank to get a loan and they approved me for $13000 APR is around 15%. They just need to verify some more info about me. I'm worried that if after I talk with them they might not approve the loan. Has anybody been in a similiar situation like me? Please respond with feedbacks so I have an understanding on what to do before I waste my time at the bank.
Can I get an auto loan with bad credit-past due child support?
In NJ even if you are making your payments but your arrears are over $1000 your account will be reported to credit agencies... Most states have similar rules except that the amount varies.. Call your child support office and find out weather your account has been reported. --- If u already started making payments on your account you can tell the bank to call the child support office to verify the status and the office may be able to fax something over to them stating that payments have started coming in.
Reply:Check this place out. All you need is a job.
http://creditoffernow.com/autoloan
Reply:hahaha good luck
Reply:I know with bad credit you can, but i dont think they will with past-due child support. Or you can go to a buy here -pay here, they will probably finance it for you
Reply:These articles should help you:
Unsecured Debt Consolidation Loan For All
http://www.askaquery.com/question/Unsecu...
Regain your financial status with Debt Consolidation Loans
http://www.askaquery.com/question/Regain...
Debt Consolidation Loan for Bad Credit
http://www.askaquery.com/question/Debt-C...
Reply:Yes because a car acts as collateral you can get a loan. Just don't expect to buy a Jag or something try getting one here
http://www.fast-auto-loan.net
Reply:create and new identity and dont mess it up- as long as your being honest with the new id i see no issues and dont screw it up
i always rec- you use a deceased party to crreate new identity
Reply:Past due child support genenerally is not on your credit report unless you are SERIOUSLY delinquent. Don't worry about it. You will find some bank or corporation to finance - you might just have to pay a higher interest rate. Good Luck!
Reply:Usually child support does not go on your credit report unless it goes through some kind of banking process.The state usually handles CS and they just come get you if you don't pay.You can always get a car at a on the lot finance company,you just pay a little more in interest.
Is it possible to make double payments per month to save money on my auto loan?
I pay 300$ per month can i break that up to save myself $
Is it possible to make double payments per month to save money on my auto loan?
Auto finance is what I do for a living and the answer is yes you can save yourself thousands of dollars by doing this.
You need to write 2 checks, one for the regular payment and another for whatever amount you want to pay extra and write in the memo section "Apply to principal" this will assure that the extra amount goes towards your principle rather then interest.
Reply:bankrate.com has lots of calculators. if you send in extra money, make sure you notate that or they will put it toward the next payment. i only pay 1.9% on my car so I pay other bills off earlier.
Reply:yes, you can save a bunch of interest, even if you pay 50 dollars more.
Reply:Yes, just make sure that there are no prepayment penalties.
Reply:Typically yes...
Is it possible to make double payments per month to save money on my auto loan?
Auto finance is what I do for a living and the answer is yes you can save yourself thousands of dollars by doing this.
You need to write 2 checks, one for the regular payment and another for whatever amount you want to pay extra and write in the memo section "Apply to principal" this will assure that the extra amount goes towards your principle rather then interest.
Reply:bankrate.com has lots of calculators. if you send in extra money, make sure you notate that or they will put it toward the next payment. i only pay 1.9% on my car so I pay other bills off earlier.
Reply:yes, you can save a bunch of interest, even if you pay 50 dollars more.
Reply:Yes, just make sure that there are no prepayment penalties.
Reply:Typically yes...
How can i get a good interest rate on a auto loan?
Currently have a credit score of 629(FICO score).
no money down.
live in california
thanks!
How can i get a good interest rate on a auto loan?
No money down is tough. They like to see some cash invested before they'll cut you a break.
I'd shop around. Call a few banks or go online. They'll be reluctant to give you an answer until you tell them your credit score, but after that, they should be able to give you a quote. Once you get, say, 3 quotes, you'll get an idea of the best rate you can get.
Good luck.
P.S. DON'T commit to any kind of fluxuating rate. Get a commitment for a fixed rate. Interest rates will be going up soon (way up) and you don't want that to strangle you financially.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating%26lt;!--With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit--%26gt;any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply:A score of 629 is not bad, but not great either. To get the best rates, most lenders require about 700 or higher. You'll have to pay about 2% higher than someone with better credit. I would say, right now, that's going to be in the 8%-9% range.
A large down payment can lower your rate. Also getting a co-signer who has a better credit score can lower your rate. Here's an article with more details:
http://www.leaseguide.com/Articles/bad-c...
.
Reply:The best way is to go to a credit union bank. They give out the best loan rate because they are the peoples union which citizens build. I've been in nothing but credit unions bank and they've done well, my last car i bought was last year. A 2003 Honda Accord for 16,900. They gave me a interest rate of 5.75% with my FICO score at 647.
Reply:eloan is really good take the paymt out of checking every month and really good intrest rates try them www.eloan.com
Reply:I got an 8% in 2004 with around a 630. But back then lenders were more.....fearless. Today i wouldn't leave all the work to the dealership. A nice sit down with your friendly local banker will give you a good comparo to what the dealers can do.
And, definitly a good (500-1500) down pay will make youlook more attractive
get er done
Reply:Go directly to a bank or your local credit union. The dealers often sell your loan and mark in their cut.
no money down.
live in california
thanks!
How can i get a good interest rate on a auto loan?
No money down is tough. They like to see some cash invested before they'll cut you a break.
I'd shop around. Call a few banks or go online. They'll be reluctant to give you an answer until you tell them your credit score, but after that, they should be able to give you a quote. Once you get, say, 3 quotes, you'll get an idea of the best rate you can get.
Good luck.
P.S. DON'T commit to any kind of fluxuating rate. Get a commitment for a fixed rate. Interest rates will be going up soon (way up) and you don't want that to strangle you financially.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating%26lt;!--With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit--%26gt;any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply:A score of 629 is not bad, but not great either. To get the best rates, most lenders require about 700 or higher. You'll have to pay about 2% higher than someone with better credit. I would say, right now, that's going to be in the 8%-9% range.
A large down payment can lower your rate. Also getting a co-signer who has a better credit score can lower your rate. Here's an article with more details:
http://www.leaseguide.com/Articles/bad-c...
.
Reply:The best way is to go to a credit union bank. They give out the best loan rate because they are the peoples union which citizens build. I've been in nothing but credit unions bank and they've done well, my last car i bought was last year. A 2003 Honda Accord for 16,900. They gave me a interest rate of 5.75% with my FICO score at 647.
Reply:eloan is really good take the paymt out of checking every month and really good intrest rates try them www.eloan.com
Reply:I got an 8% in 2004 with around a 630. But back then lenders were more.....fearless. Today i wouldn't leave all the work to the dealership. A nice sit down with your friendly local banker will give you a good comparo to what the dealers can do.
And, definitly a good (500-1500) down pay will make youlook more attractive
get er done
Reply:Go directly to a bank or your local credit union. The dealers often sell your loan and mark in their cut.
In the state of MI, what is the highest interest rate a financing company can charge for an auto loan?
Is there a law on how high they can go? Like 20% or something?
In the state of MI, what is the highest interest rate a financing company can charge for an auto loan?
Generally every state has an usury law. According to a quick search Michigan has a strange set.
Check it out:
http://www.michiganbusinesslawyerblog.co...
Genealogy
In the state of MI, what is the highest interest rate a financing company can charge for an auto loan?
Generally every state has an usury law. According to a quick search Michigan has a strange set.
Check it out:
http://www.michiganbusinesslawyerblog.co...
Genealogy
Does anyone know how to go about refinancing a Auto Loan?
Even with bad credit... and about how much would it save me a month?
Does anyone know how to go about refinancing a Auto Loan?
It depends on how much your credit has improved since you got the loan, and how long it's been. If you had bad credit when you got the loan and it hasn't improved any you're wasting your time. You'll get alomost the exact rate you're getting now. If you've improved it and it's been over a year or so...then you might save a little..depends on what rate you have now. You need to give a little more info.
Well you had a chance until you missed, or were late with some payments...that basically sets the clock back to when you started the loan. Call your bank or credit union and see what they will offer you...I wouldnt be too optimistic.
Reply:If you think that you are paying a higher repayment amount for your existing car loan%26lt;!--then you can bring it down. With the help of refinance car loans, you can switch the loan plan with effective loan management.
http://best-loans.awardspace.com/refinan...
If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce--%26gt;your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.
Reply:Unless your credit has improved significantly from the time you first financed, refinancing won't help you much, if any. However, call your bank just to make sure.
If you have missed payments, call your bank or finance company NOW to work out a repayment plan. Otherwise, your credit rating will suffer even more -- and they'll repossess your car.
Does anyone know how to go about refinancing a Auto Loan?
It depends on how much your credit has improved since you got the loan, and how long it's been. If you had bad credit when you got the loan and it hasn't improved any you're wasting your time. You'll get alomost the exact rate you're getting now. If you've improved it and it's been over a year or so...then you might save a little..depends on what rate you have now. You need to give a little more info.
Well you had a chance until you missed, or were late with some payments...that basically sets the clock back to when you started the loan. Call your bank or credit union and see what they will offer you...I wouldnt be too optimistic.
Reply:If you think that you are paying a higher repayment amount for your existing car loan%26lt;!--then you can bring it down. With the help of refinance car loans, you can switch the loan plan with effective loan management.
http://best-loans.awardspace.com/refinan...
If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce--%26gt;your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.
Reply:Unless your credit has improved significantly from the time you first financed, refinancing won't help you much, if any. However, call your bank just to make sure.
If you have missed payments, call your bank or finance company NOW to work out a repayment plan. Otherwise, your credit rating will suffer even more -- and they'll repossess your car.
Will having a cosigner help me obtain a new auto loan?
I currently have bad credit, and have a repo on my credit. My father offered to co-sign for me and give me 2 grand down to obtain a more reliable car. His credit is outstanding. What are my chances of being approved for a new car? Am I just wasting my time and my fathers time?
Will having a cosigner help me obtain a new auto loan?
Try http://tinyurl.com/2sqa45
Reply:how long ago was the repo? have they sent you a final bill yet?- it will be huge if they haven't and you'll have to pay it.. If it was within the last year - you might not be able to get a loan no matter what - you're too big of a risk
Reply:Yes it will......however, if you have late pays on this account...your father will no longer have "outstanding" credit....If you decide to do this...it is critical that you inform your father immediately if you cannot make a payment because you don't want to ruin his credit rating.
Reply:Get real. Leave your father out of this and get a used bicycle.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating%26lt;!--With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit--%26gt;any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply:APPROVED!! with 2 grand down, a close relitive to cosign,with real good credit, and you have a job, done deal. ( dont ask for a jag or hummer)
Reply:To Co-sign or Not To Co-sign...Thats A Question That Can Ruin Your Credit
Will having a cosigner help me obtain a new auto loan?
Try http://tinyurl.com/2sqa45
Reply:how long ago was the repo? have they sent you a final bill yet?- it will be huge if they haven't and you'll have to pay it.. If it was within the last year - you might not be able to get a loan no matter what - you're too big of a risk
Reply:Yes it will......however, if you have late pays on this account...your father will no longer have "outstanding" credit....If you decide to do this...it is critical that you inform your father immediately if you cannot make a payment because you don't want to ruin his credit rating.
Reply:Get real. Leave your father out of this and get a used bicycle.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating%26lt;!--With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.
http://best-loans.awardspace.com/autoloa...
There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit--%26gt;any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.
Reply:APPROVED!! with 2 grand down, a close relitive to cosign,with real good credit, and you have a job, done deal. ( dont ask for a jag or hummer)
Reply:To Co-sign or Not To Co-sign...Thats A Question That Can Ruin Your Credit
If you have someone cosign for you an auto loan, will you get a similar interest rate has the cosigner's loan?
My fiance is cosigning for me a car. He has excellent credit but my credit isn't all that great. My interest rate alone on the car will be 11.9% and the interest rate on his car loan is 7.5%. Is it possible that we have the 7.5% interest rate on the car that he is cosigning for me? Thanks!
If you have someone cosign for you an auto loan, will you get a similar interest rate has the cosigner's loan?
With you both on there it will be lower but probably not as low as his depending on when he bought the car,changes in interest rates,changes income to debt ratio.
Reply:That’s completely up to the finance company. You have to remember that they are lending you money and they are taking a risk.
If you have someone cosign for you an auto loan, will you get a similar interest rate has the cosigner's loan?
With you both on there it will be lower but probably not as low as his depending on when he bought the car,changes in interest rates,changes income to debt ratio.
Reply:That’s completely up to the finance company. You have to remember that they are lending you money and they are taking a risk.
Can I get an auto loan with bad credit?
Ok, let me tell you my story-I have bad credit but NO DEBT. Before I joined the military, I payed my 2300 worth of debt off. That was about a year ago, maybe 10 months. Anyways, My credit is still bad though, and I applied for an autoloan through USAA and they said I could get a 12,000 loan WITH a cosigner. But This is not what I need, I need a little bit higher, say, 15,000. Since, I have no debt, Are all the places gonna only approve me for 12,000 or can I get anymore? Please don't tell me to get a car for 12,000, I have the car I want, it is a good deal and my only advise I need is about the loan, not my car. Thanks, by the way, I currently have no credit cards or anything.
Can I get an auto loan with bad credit?
Yes, you can get an auto loan with bad credit, and yes, I'm sure someone will loan you $15,000...but you won't be able to afford the payments. Auto loan companies make money off people like you. To be honest, USAA is probably giving you the best deal out there.....I know, I just bought a car with their money three days ago, and the dealership wasn't happy about it. You didn't say what branch you are in, but if you quality for membership in Navy Federal, you can try them as well. Their rates are lower than USAA's, but they tend to be pickier about who they loan to (I have NO idea why, since their customer service is so bad). My point is, if you want a HIGH APR, yes, someone will loan you money.
But it sounds like you need to learn to live within your means, and if that means buying a $12,000, then you need to buy a $12,000 car. Personally, I don't know why anyone who needs a cosigner for a car needs to be buying something that expensive.
Reply:I used these guys... the interest rate was a little high, but they got me approved... http://creditoffernow.com/auto... Good luck! Report Abuse
Reply:Probably have to get your credit score back up there but that will take time and by then the car you want will only be 12,000.
Reply:If you have a down payment surely there is a salesman in your area willing and able to get you into a car. The interest maybe a little high but if you have cash in hand that should not be a problem. Shop around, look on the internet for dealers. Everyone pretty much owns a car so I know you can too.
You can refinance the car to get the interest rate down later or just pay off the thing quick if you can.
Reply:I found some good info here.
Reply:We had to get a car loan with bad credit. The bad part was the interest was 24%!!!!! We were paying the same car payment as a rich person with a brand new Lexus -- just because bad things happened to us in our lives. It sucks.
Reply:get a credit card to boost ur rating...but some banks or lending companies will give u the loan...(interest maybe higher tho) but still u might get it...just look around
Reply:doesn't at all seem like a problem from here
http://www.wesayes.com
check it out for yourself you'll be pleasantly surprised
Reply:if you are working through a car dealer they should be able to get you into something. Thing is though you will pay a much higher interest rate, and you will need a nice down payment. You wont walk into low payments and interest rates and 0 down with bad credit.
Reply:Can you drive a hooptie?
Reply:You probably can, but your interest rate is going to be absolutely insane!!!
lilac
Can I get an auto loan with bad credit?
Yes, you can get an auto loan with bad credit, and yes, I'm sure someone will loan you $15,000...but you won't be able to afford the payments. Auto loan companies make money off people like you. To be honest, USAA is probably giving you the best deal out there.....I know, I just bought a car with their money three days ago, and the dealership wasn't happy about it. You didn't say what branch you are in, but if you quality for membership in Navy Federal, you can try them as well. Their rates are lower than USAA's, but they tend to be pickier about who they loan to (I have NO idea why, since their customer service is so bad). My point is, if you want a HIGH APR, yes, someone will loan you money.
But it sounds like you need to learn to live within your means, and if that means buying a $12,000, then you need to buy a $12,000 car. Personally, I don't know why anyone who needs a cosigner for a car needs to be buying something that expensive.
Reply:I used these guys... the interest rate was a little high, but they got me approved... http://creditoffernow.com/auto... Good luck! Report Abuse
Reply:Probably have to get your credit score back up there but that will take time and by then the car you want will only be 12,000.
Reply:If you have a down payment surely there is a salesman in your area willing and able to get you into a car. The interest maybe a little high but if you have cash in hand that should not be a problem. Shop around, look on the internet for dealers. Everyone pretty much owns a car so I know you can too.
You can refinance the car to get the interest rate down later or just pay off the thing quick if you can.
Reply:I found some good info here.
Reply:We had to get a car loan with bad credit. The bad part was the interest was 24%!!!!! We were paying the same car payment as a rich person with a brand new Lexus -- just because bad things happened to us in our lives. It sucks.
Reply:get a credit card to boost ur rating...but some banks or lending companies will give u the loan...(interest maybe higher tho) but still u might get it...just look around
Reply:doesn't at all seem like a problem from here
http://www.wesayes.com
check it out for yourself you'll be pleasantly surprised
Reply:if you are working through a car dealer they should be able to get you into something. Thing is though you will pay a much higher interest rate, and you will need a nice down payment. You wont walk into low payments and interest rates and 0 down with bad credit.
Reply:Can you drive a hooptie?
Reply:You probably can, but your interest rate is going to be absolutely insane!!!
lilac
How can I refinance my auto loan so I can lower my payments?
my payments are 270 a mo. now and I want something like 175 a mo. I still owe like 12,000 dollars tricky is'nt it? Or is this even possiable?
How can I refinance my auto loan so I can lower my payments?
It's possible, it will just depend on the term and rate you can get approved for. Call local small banks, or Credit Unions. They tend to have better rates, and may not base your percentage off of your credit score.
I've found some good information here too...
http://auto.deal4-you.com
Best of luck to you.
Reply:My guess is you financed 100% with poor credit, so you basically owe more than the car is worth, now you want to put yourself further down in equity? If you are upside down and still have poor credit you will not lower your payments especially by $100 a month. You will only make things worse. Never, Never refinance a car bad thing to do especially since in a year or two you will want to or need to get a new one, then you will be paying even more.
Reply:Glad that you are making this first step . First try to find a different loan company that offers better lower rates. How good is your Credit score? 740 and up is considered as excellent and below that as Very Good.
Your local credit union provides the lowest apr compared to other banks or lending company. ASk them or go to their website and im sure they usually list their rates.
270 to 175 is pretty steep but its not possible. There are so many criteria that depends according to your job history, credit score, how many debts you have and your monthly income etc if your qualified to refinance.
and yes its possible! good luck
Reply:depends on how old the car is if they can finance it for more months
How can I refinance my auto loan so I can lower my payments?
It's possible, it will just depend on the term and rate you can get approved for. Call local small banks, or Credit Unions. They tend to have better rates, and may not base your percentage off of your credit score.
I've found some good information here too...
http://auto.deal4-you.com
Best of luck to you.
Reply:My guess is you financed 100% with poor credit, so you basically owe more than the car is worth, now you want to put yourself further down in equity? If you are upside down and still have poor credit you will not lower your payments especially by $100 a month. You will only make things worse. Never, Never refinance a car bad thing to do especially since in a year or two you will want to or need to get a new one, then you will be paying even more.
Reply:Glad that you are making this first step . First try to find a different loan company that offers better lower rates. How good is your Credit score? 740 and up is considered as excellent and below that as Very Good.
Your local credit union provides the lowest apr compared to other banks or lending company. ASk them or go to their website and im sure they usually list their rates.
270 to 175 is pretty steep but its not possible. There are so many criteria that depends according to your job history, credit score, how many debts you have and your monthly income etc if your qualified to refinance.
and yes its possible! good luck
Reply:depends on how old the car is if they can finance it for more months
Private Lenders wanted for my Auto Loan Broker Division?
Does anyone know of any lenders that are looking to invest in auto financing? I'm wanting to expand my database of lenders. If anyone is interested please email for detail and return.
Private Lenders wanted for my Auto Loan Broker Division?
how much $?
% of no pays?
ROI?
Private Lenders wanted for my Auto Loan Broker Division?
how much $?
% of no pays?
ROI?
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
I am trying as hard as I can to find a reputable place online that would finance my cousin to take over my car and put it in her name. She only works 30 hours a week and gets about 900/ mo. Where can get that assistance? I desperately need to find somewhere that will approve her. And I am definitely not willing to cosign with her.
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
Your best bet will be your own local bank or credit union.
You will not find any major lender that will loan money to someone who only makes $900.00 a month.
Reply:If you currently own the car, and you want your cousin to have it, then what if you gave it to her as a gift?
With only $900/month income, she's not going to be able to afford payments.
Reply:can go to a buy here pay here places
Reply:With that low an income it is likely that financing is not possible. The determining factor is how much is the car worth? Stay away from the rip off credit places. if you can't get a bank or credit union to finance it forget it.
Where can my cousin get financed for an auto loan with no credit and only making 900$ per month part time?
Your best bet will be your own local bank or credit union.
You will not find any major lender that will loan money to someone who only makes $900.00 a month.
Reply:If you currently own the car, and you want your cousin to have it, then what if you gave it to her as a gift?
With only $900/month income, she's not going to be able to afford payments.
Reply:can go to a buy here pay here places
Reply:With that low an income it is likely that financing is not possible. The determining factor is how much is the car worth? Stay away from the rip off credit places. if you can't get a bank or credit union to finance it forget it.
Where's the best place to refinance my auto loan? Who offers the best interest rates?
Anyone with previous experience out here who can guide me? It'd be greatly appreciated.
Where's the best place to refinance my auto loan? Who offers the best interest rates?
Capitol One is supposed to have good refinance rates. You might also check out Roadloans.com. Keep in mind, you will be financing a used car, so the interest rate is usally higher. If you had to go 30 payments, at least your payment amount would drop. You could always pay more each month, so you would have the note paid in 22 months instead of 30.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
Hope that helps.
Reply:If you are trying to get a Auto Car Loan and you know that your credit is not the best then you do not need to worry because getting a Car Loan even with bad credit is not that hard. Most lenders know that people nowadays have taken some hits on there credit and they have made it easier to obtain a Car Loan even if you credit is bad.
http://www.worldbestloans.com/guaranteed...
When getting your auto loan be aware that you may be required to pay a higher interest rate because the lender will look at you as a higher risk with bad credit. It is important to understand that even though you have a higher interest that as you make your monthly payments on time this will help raise your credit score and then you can always refinance it at a later time.
Reply:
It should really save you a lot of running around to just get an auto loan quote online to see what the going rates are. You might be really happy. Also if your credit is not good, a lot of online loaners are more willing to work with you.
What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.
Reply:Try getting an online auto loan quote. http://www.americaschoicetoday.com/Auto-... The automated questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
floral shops
Where's the best place to refinance my auto loan? Who offers the best interest rates?
Capitol One is supposed to have good refinance rates. You might also check out Roadloans.com. Keep in mind, you will be financing a used car, so the interest rate is usally higher. If you had to go 30 payments, at least your payment amount would drop. You could always pay more each month, so you would have the note paid in 22 months instead of 30.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
Hope that helps.
Reply:If you are trying to get a Auto Car Loan and you know that your credit is not the best then you do not need to worry because getting a Car Loan even with bad credit is not that hard. Most lenders know that people nowadays have taken some hits on there credit and they have made it easier to obtain a Car Loan even if you credit is bad.
http://www.worldbestloans.com/guaranteed...
When getting your auto loan be aware that you may be required to pay a higher interest rate because the lender will look at you as a higher risk with bad credit. It is important to understand that even though you have a higher interest that as you make your monthly payments on time this will help raise your credit score and then you can always refinance it at a later time.
Reply:
It should really save you a lot of running around to just get an auto loan quote online to see what the going rates are. You might be really happy. Also if your credit is not good, a lot of online loaners are more willing to work with you.
What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.
Reply:Try getting an online auto loan quote. http://www.americaschoicetoday.com/Auto-... The automated questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
floral shops
What is the best way to go about getting an individual auto loan?
Go to your bank or credit union. You can apply on-line or in person.
My husband and I did this with our last auto purchase and wish we'd done it before. Smoothest, least time-consuming auto purchase we ever made.
What is the best way to go about getting an individual auto loan?
Go to your bank, the auto dealer rips you off.
Reply:best way is to approach a bank rather than a agent
Reply:Same way you go about getting a good deal on a car....you shop around.
My husband and I did this with our last auto purchase and wish we'd done it before. Smoothest, least time-consuming auto purchase we ever made.
What is the best way to go about getting an individual auto loan?
Go to your bank, the auto dealer rips you off.
Reply:best way is to approach a bank rather than a agent
Reply:Same way you go about getting a good deal on a car....you shop around.
Can I get an auto loan under my new business?
I have recently started a new business and would like to purchase an SUV for company usage. The business brings in a nice monthly revenue stream but it is new and thus has no credit history. I would like to put about 10-20% down and finance the rest. My personal credit is bad so it's not likely that a personal guarantee would be worth much. Is it possible to get financing for this? I don't mind paying a slightly higher interest rate.
Can I get an auto loan under my new business?
You would have to give a personal guarantee. Eighty percent of small businesses fail within the first two years, so they aren't likely to take those odds. Building a business on credit is a sure-fire way to join that 80% club, too, by the way.
Reply:A bank can finance a vehicle for a business. It would be part of the business assets at that piont and cn be depreciated for tax purposes over the next 3 years, plus all costs for business use can be deducted as business expenses and you can write a certain amount of that off each year as well. The vehicle loan may have to be set up as a business loan in order to reap such benefits. Each bank may have diferent stipulations for allowing the loan so check around a little.
Reply:Auto finance is what I do for a living and there are several programs out there for people like you.
Find a local dealer who advertises Special Finance and go talk to the Manager, they will be able to help you.
Reply:I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....
http://auto.deal4-you.com
Good luck.
Can I get an auto loan under my new business?
You would have to give a personal guarantee. Eighty percent of small businesses fail within the first two years, so they aren't likely to take those odds. Building a business on credit is a sure-fire way to join that 80% club, too, by the way.
Reply:A bank can finance a vehicle for a business. It would be part of the business assets at that piont and cn be depreciated for tax purposes over the next 3 years, plus all costs for business use can be deducted as business expenses and you can write a certain amount of that off each year as well. The vehicle loan may have to be set up as a business loan in order to reap such benefits. Each bank may have diferent stipulations for allowing the loan so check around a little.
Reply:Auto finance is what I do for a living and there are several programs out there for people like you.
Find a local dealer who advertises Special Finance and go talk to the Manager, they will be able to help you.
Reply:I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....
http://auto.deal4-you.com
Good luck.
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