I am doing a project for school. We have to find a brand new car, and figure out what the rate will be for a 3,4,5 year loan, and the percentage down payment required. I understand all that...but then it asks...
"Also, find out the rates for a personal loan. (Hint: this is always higher than the auto loan"
what is a personal loan and how can I find the rate for one??? soo confused
Whats the difference between a personal and auto loan?
Sammy, Try getting a free online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The questionaire will let you know if you can be approved. It's free and you can get an answer in minutes.
Reply:An auto loan is secured by the automobile. That is if you fail to pay on the loan they can take the car. A personal loan is "unsecured" that is you did not put up any collateral for the loan, hence the higher rate because the higher risk. These can also known as "signature" loans.
Wednesday, March 17, 2010
How can i get a auto loan without having a bank account?
im starting school already, i live with a friend, and i have no way to get to school. i have looked for so many places where they give auto loans, but i need a bank account and i dont have one
How can i get a auto loan without having a bank account?
Try borrowing from your parents, or an auto dealership. Get a bank account if all else fails.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:take $20 and open a savings account at the local bank (or whatever the minimum amount is to open an account)
Reply:you cannot get a loan if you don't have a bank account becasue everyone would screw the banks over, but you can get a loan if you have a co-signer, (someone with a bank account and good credit), like a relative, but make sure that you do make the payments becasue then you would ruin the co-signers credit if you miss a payment.
Reply:You will need to have a bank account to get a loan.
Reply:Get one, you need it anyway.
Reply:In short, no real lender will allow you credit without a bank account.
How can i get a auto loan without having a bank account?
Try borrowing from your parents, or an auto dealership. Get a bank account if all else fails.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:take $20 and open a savings account at the local bank (or whatever the minimum amount is to open an account)
Reply:you cannot get a loan if you don't have a bank account becasue everyone would screw the banks over, but you can get a loan if you have a co-signer, (someone with a bank account and good credit), like a relative, but make sure that you do make the payments becasue then you would ruin the co-signers credit if you miss a payment.
Reply:You will need to have a bank account to get a loan.
Reply:Get one, you need it anyway.
Reply:In short, no real lender will allow you credit without a bank account.
How do I get out of an Auto Loan?
I have a loan with my ex. She is hounding me to get her off it. I can't refinance without a co-signor and no one will help. I can't sell it because I need a car and can't pay the difference. Any auto salesmen out there who can give me some advice? Pretty much any option with me selling, paying, getting another loan, etc... is not an option. Will any dealers take it and trade it towards a different car. I found it's worth $6500 KBB for private sale($7500 at most) but would get up to $9500 at a dealer. I owe $8500.
How do I get out of an Auto Loan?
Auto finance is what I do for a living and I agree with Answerman except you are more like $3,000.00 to $3,500.00 upside down.
Tell you ex to pound sand.
Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse
Reply:sell the car and buy a bike - go green !
Reply:You and She are what is called UPSIDE DOWN on this loan.
If the car is worth $6500 and you guys owe $8500, you have negative equity of $2000.
Ignore your EX WIFE.
She signed the loan papers, and she is ON it until it is paid OFF or until you refinance.
What is she going to do if you don't get her off the loan, Divorce You?
The fact is, the TWO of you owe $2000 more than the car is worth.
If you sold it, SHE should be liable for HALF of the difference, unless it was listed differently in the decree.
The car is worth more to you than to anyone else, so you might as well keep paying on it unless you can not afford it.
Even if you traded at a dealer, you would still need a new loan and you are going to have the same problem getting a new loan without a co signer that you are having trying to aget a new loan on the old car.
Next time your Ex brings it up, ask her SERIOUSLY what she WANTS you to do specifficly.
She will have no better ideas. Then she will understand the problem.
Reply:Your "ex" is trying to hound you for the end result, when she should be trying to help you improve your FICO score so you can get the auto loan on your own.
The reason you need a co-signor is because you are too much of a credit risk based on your past payment history with other creditors. The finance companies refuse to take a business risk on a loan with you exclusively unless somebody somewhere will agree to pay on the loan in case you don't.
Further, you are UPSIDE down on your auto-loan. You owe $8,500 on a car that is worth $6,500 and this probably is the result of a higher than usual interest rate on the car loan as well as possibly paying too much for the car at the time of purchase.
Anyways, you should tell your "ex" that this is classic example of why she shouldn't co-sign other people's loans because after the love is gone -- the loan payments are still due.
And the co-signor is likely to have the same impaired credit that he/she had when you first met them.
Reply:you need to sell if off
Reply:If its worth $7500 for private sale, you're sure not going to get $9500 from a dealer . . .
Reply:As long as you are making the payments she has no grounds to force you to refinance the loan. She signed for it and it is 50% her responsibility too. Who told you that you need a co-signer? I would investigate refinancing a bit more. If you've established a decent payment history with the vehicle then some bank will refinance you. The reason she is probably asking is that it affects her debt to income ratio because the car is a debt showing on her credit report. When going for another loan the bank will take her debt load into consideration.
If you must go the route of selling it then you will have to roll the negative equity into the new car which you will need another loan for. If you need a co-signer to refinance your exisiting auto, then you certainly need one to get a loan for a new vehicle purchase.
Just keep the car you have. Try to make a few extra payments over the next year so you won't be upside down and look into refinancing more.
How do I get out of an Auto Loan?
Auto finance is what I do for a living and I agree with Answerman except you are more like $3,000.00 to $3,500.00 upside down.
Tell you ex to pound sand.
Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse
Reply:sell the car and buy a bike - go green !
Reply:You and She are what is called UPSIDE DOWN on this loan.
If the car is worth $6500 and you guys owe $8500, you have negative equity of $2000.
Ignore your EX WIFE.
She signed the loan papers, and she is ON it until it is paid OFF or until you refinance.
What is she going to do if you don't get her off the loan, Divorce You?
The fact is, the TWO of you owe $2000 more than the car is worth.
If you sold it, SHE should be liable for HALF of the difference, unless it was listed differently in the decree.
The car is worth more to you than to anyone else, so you might as well keep paying on it unless you can not afford it.
Even if you traded at a dealer, you would still need a new loan and you are going to have the same problem getting a new loan without a co signer that you are having trying to aget a new loan on the old car.
Next time your Ex brings it up, ask her SERIOUSLY what she WANTS you to do specifficly.
She will have no better ideas. Then she will understand the problem.
Reply:Your "ex" is trying to hound you for the end result, when she should be trying to help you improve your FICO score so you can get the auto loan on your own.
The reason you need a co-signor is because you are too much of a credit risk based on your past payment history with other creditors. The finance companies refuse to take a business risk on a loan with you exclusively unless somebody somewhere will agree to pay on the loan in case you don't.
Further, you are UPSIDE down on your auto-loan. You owe $8,500 on a car that is worth $6,500 and this probably is the result of a higher than usual interest rate on the car loan as well as possibly paying too much for the car at the time of purchase.
Anyways, you should tell your "ex" that this is classic example of why she shouldn't co-sign other people's loans because after the love is gone -- the loan payments are still due.
And the co-signor is likely to have the same impaired credit that he/she had when you first met them.
Reply:you need to sell if off
Reply:If its worth $7500 for private sale, you're sure not going to get $9500 from a dealer . . .
Reply:As long as you are making the payments she has no grounds to force you to refinance the loan. She signed for it and it is 50% her responsibility too. Who told you that you need a co-signer? I would investigate refinancing a bit more. If you've established a decent payment history with the vehicle then some bank will refinance you. The reason she is probably asking is that it affects her debt to income ratio because the car is a debt showing on her credit report. When going for another loan the bank will take her debt load into consideration.
If you must go the route of selling it then you will have to roll the negative equity into the new car which you will need another loan for. If you need a co-signer to refinance your exisiting auto, then you certainly need one to get a loan for a new vehicle purchase.
Just keep the car you have. Try to make a few extra payments over the next year so you won't be upside down and look into refinancing more.
How hard is it to get approved for an auto loan with bad credit.?
I am trying to get an auto loan but there are some negitives on my credit. I am trying to get them off. How hard is it to get a brand new car with bad credit?
How hard is it to get approved for an auto loan with bad credit.?
There you go : http://simple-credit-cards-and-loans.com...
http://cleancredit365.com?=yh070330
Good luck !
Reply:depends on the lender, depends on the credit, depends on the income, depends on the amount to finance, depends on public records...
Reply: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://www.axalda.info/bad-credit-car-lo...
Reply:Your best bet is to work with a company that focuses on obtaining loans for people with poor credit or no credit. The company I'm most familiar is:
http://www.mortgageous.com/noriskcredit
They actually specialize in auto financing, and your credit score won't be a problem. They can help you find the best rate for someone with your credit.
Reply:Brand new cars are NOT for people with bad credit.
Used cars are ESPECIALLY for people with bad or compromised credit.
You may be cute as hell, but you are not THAT special.
Reply:It's pretty hard to get approved on bad credit without a co-sign. Some places advertise that you'll be approved, which you will, but payments and interest rates are through the roof. I really mean it, you could wind up paying double for a new car by the end. Maybe concentrate on straightening out your credit first, wait, and then you can get a new car when you're financially in a better position
Reply:Chase will approve you for a pretty good (not great) interest rate. Also, if all of your payments are on time, you can skip the December payment.
Reply:Actually it's not that hard. This is what I do for a living. Go to a dealership that has a Special Finance Department, they will be able to assist you.
With all of the rebates that are out there today, providing you meet the lenders guidelines, it should not be a problem getting you approved.
You will most likely have to provide a current paycheck stub, proof of your residence, proof of your phone and several references with names, addresses and phone numbers.
Reply:Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-cons...
if it helps kindly remember me in your voting!.. cheers!
Reply:It depends on how bad your credit is. You probably won't be able to finance through the dealers' 0% or other promotions. However, most dealerships have other sources for their financing. You might want to talk to your bank. If you have a good relationship with them, they may work with you on financing the car.
Reply:depending on what your score is, try this company www.americredit.com, I am financed thru them and they seem like a good company.
Reply:Oh, you'll get approved... your intrest rate will just be sky high. it is easy to get a loan when you have collateral, the car you want to get can be easily repossessed if you do not pay, so they make the intrest really high. Ever seen those commercials where they say "Every one is approved"? That's' how they do it... 16% intrest.
lilac
How hard is it to get approved for an auto loan with bad credit.?
There you go : http://simple-credit-cards-and-loans.com...
http://cleancredit365.com?=yh070330
Good luck !
Reply:depends on the lender, depends on the credit, depends on the income, depends on the amount to finance, depends on public records...
Reply: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://www.axalda.info/bad-credit-car-lo...
Reply:Your best bet is to work with a company that focuses on obtaining loans for people with poor credit or no credit. The company I'm most familiar is:
http://www.mortgageous.com/noriskcredit
They actually specialize in auto financing, and your credit score won't be a problem. They can help you find the best rate for someone with your credit.
Reply:Brand new cars are NOT for people with bad credit.
Used cars are ESPECIALLY for people with bad or compromised credit.
You may be cute as hell, but you are not THAT special.
Reply:It's pretty hard to get approved on bad credit without a co-sign. Some places advertise that you'll be approved, which you will, but payments and interest rates are through the roof. I really mean it, you could wind up paying double for a new car by the end. Maybe concentrate on straightening out your credit first, wait, and then you can get a new car when you're financially in a better position
Reply:Chase will approve you for a pretty good (not great) interest rate. Also, if all of your payments are on time, you can skip the December payment.
Reply:Actually it's not that hard. This is what I do for a living. Go to a dealership that has a Special Finance Department, they will be able to assist you.
With all of the rebates that are out there today, providing you meet the lenders guidelines, it should not be a problem getting you approved.
You will most likely have to provide a current paycheck stub, proof of your residence, proof of your phone and several references with names, addresses and phone numbers.
Reply:Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-cons...
if it helps kindly remember me in your voting!.. cheers!
Reply:It depends on how bad your credit is. You probably won't be able to finance through the dealers' 0% or other promotions. However, most dealerships have other sources for their financing. You might want to talk to your bank. If you have a good relationship with them, they may work with you on financing the car.
Reply:depending on what your score is, try this company www.americredit.com, I am financed thru them and they seem like a good company.
Reply:Oh, you'll get approved... your intrest rate will just be sky high. it is easy to get a loan when you have collateral, the car you want to get can be easily repossessed if you do not pay, so they make the intrest really high. Ever seen those commercials where they say "Every one is approved"? That's' how they do it... 16% intrest.
lilac
How can I get an auto loan with very bad credit?
I am in desparate need of a car loan. My car was stolen over the weekend and I need a car where I live. I have what most would consider Bad credit and need some advice on where to shop for a loan without paying an outrageous interest rate. The other problem is that I don't want to apply for too many lenders because it lowers your credit score even more. Please help. Thanx!
How can I get an auto loan with very bad credit?
Go to a dealer that advertises Special Finance. They will be able to help you. You will pay a high interest rate and have to put money down. But it can be done.
Do not go to a buy here pay here lot. They charge way to much for their cars and 90+% do not report to the credit bureaus so all of the payments you make do nothing to improve your credit.
I know, this is what I do for a living.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:1-800-car-loan supposedly guarantees approval. They work with a dealership that is in your area. The thing is, you will need to have a decent down payment
Reply:Go to a Buy Here Pay Here kind of place....
Reply:You CAN get a decent car loan, even with bad or no credit. I've done it, but you'll have to look around. Shop around with lenders who specialize in bad credit car loans.
There are usually some nationally based car loan companies who specialize in bad and no credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-lo...
Reply:Your credit rating plays a important role when trying to obtain a car loan. Credit scores range from the lowest at 300 to the best of 850. Having a credit score over 680 will most likely approve you for the best auto loan rate available. If your credit score is under 700 don't panic. Most car dealerships can approve you for a car loan from almost 50 different financial institutions. Remember, auto loans are secured so it is much easily to be approved for financing than a credit card. If your credit score (FICO) is under 680 you can still qualify for a auto loan at a higher rate. The lower your score the higher your interest rate will be and the required down payment may be higher.
Reply:Go to a place that says "We'll give anyone a car". The cars are not usually top notch, but they get the job done. The interest rate may be high no matter where you go because of the bad credit. Also, many dealerships have special finance people available, and it always helps if you have money down. It is possible to get a car with bad credit, but it does end up costing a lot more unfortunatley with interest rates and stuff, but hey when you need it you need it.
Reply:You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.
This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.
When you compare both the types of bad credit car loans, the secured bad credit car loan is more flexible as regards the terms and conditions. The unsecured is more rigid. Hence if you are certain about making regular payments, secured option is the best.
How can I get an auto loan with very bad credit?
Go to a dealer that advertises Special Finance. They will be able to help you. You will pay a high interest rate and have to put money down. But it can be done.
Do not go to a buy here pay here lot. They charge way to much for their cars and 90+% do not report to the credit bureaus so all of the payments you make do nothing to improve your credit.
I know, this is what I do for a living.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:1-800-car-loan supposedly guarantees approval. They work with a dealership that is in your area. The thing is, you will need to have a decent down payment
Reply:Go to a Buy Here Pay Here kind of place....
Reply:You CAN get a decent car loan, even with bad or no credit. I've done it, but you'll have to look around. Shop around with lenders who specialize in bad credit car loans.
There are usually some nationally based car loan companies who specialize in bad and no credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-lo...
Reply:Your credit rating plays a important role when trying to obtain a car loan. Credit scores range from the lowest at 300 to the best of 850. Having a credit score over 680 will most likely approve you for the best auto loan rate available. If your credit score is under 700 don't panic. Most car dealerships can approve you for a car loan from almost 50 different financial institutions. Remember, auto loans are secured so it is much easily to be approved for financing than a credit card. If your credit score (FICO) is under 680 you can still qualify for a auto loan at a higher rate. The lower your score the higher your interest rate will be and the required down payment may be higher.
Reply:Go to a place that says "We'll give anyone a car". The cars are not usually top notch, but they get the job done. The interest rate may be high no matter where you go because of the bad credit. Also, many dealerships have special finance people available, and it always helps if you have money down. It is possible to get a car with bad credit, but it does end up costing a lot more unfortunatley with interest rates and stuff, but hey when you need it you need it.
Reply:You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.
This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.
When you compare both the types of bad credit car loans, the secured bad credit car loan is more flexible as regards the terms and conditions. The unsecured is more rigid. Hence if you are certain about making regular payments, secured option is the best.
Can a 18 year old wtih no credit get a auto loan?
I'm turning 18 soon and I want/need a car, I have a job but I dont have enough money saved up for a car I want. Is it possible for me to take out an auto loan for like 10 g's? No one will co sign for me and i want a car now, I dont feel liek saving. Who will give me a loan?
Can a 18 year old wtih no credit get a auto loan?
you can. Alot of dealerships have banks w/ a first time buyer program, but here are the requirements. The car has to be a 2004 or newer w/ less than 60k miles on it and no more than 10-12k. You will need a down payment, usually anywhere between 10% on up and the interrest rate will be high.
Avoid car lots that are BUY HERE PAY HERE. Alot of them offer crappy cars and if you pay one off thru them you still wont have any car credit for they will not report your payment history to the bureaus,so you will be in the same boat.BUT if the car breaks down and you miss a payment they will tag you w/ a repo on your credit and it will take ALOT of money to get financed for another one. Avoid places like DRIVETIME as well. They do report good credit to the credit bureaus but their cars are crappy high milage vehicles that will more than likely break down on you and you will be paying 5k over book for one.
Unfortunatly, the 18-24 age demographic has the highest repo rate and therefor alot of banks are weary of that group
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:You can, but what you may have to do is get a personal loan from a bank, rather than the dealership. Careful, everytime time and place that you apply for a loan goes on your credit report. Don't start getting "dinged" this early on in life....
Reply:If I can't then you can't. Good luck! %26gt;:(
Reply:you need consign
http://e-loan-debt-consolidation.info
Reply:yes
Reply:one of those crappy buy here pay here lots where you never get what you pay for so get a good reliable car for cheap and save your money....its hard but grow young and you will be having more fun later
Reply:Are you serious? They can't wait for you. So long as you have no negative history and a job, you can get whatever you want! The credit vultures are circling, lining up for you. Just be smarter than they are----finance something you can really, really afford.
Don't let some double-knit, loser,car salesman, JO talk you into "The Special of the Week". That car was cheaper last week. Go to the Blue Book online, know what you are doing, make a decent offer to three or four places, and sit back and watch the a__holes bid for your business!
M
Reply:You can get a loan on your own but you aren't going to like the interest rate. My advice is patience.
Reply:Yes, but it will be difficult. Have one of your parents or family members co-sign the car loan with you. Good luck.
Reply:There are companies out there that will give you a car loan with no credit, but you will need some sort of down payment.
Can a 18 year old wtih no credit get a auto loan?
you can. Alot of dealerships have banks w/ a first time buyer program, but here are the requirements. The car has to be a 2004 or newer w/ less than 60k miles on it and no more than 10-12k. You will need a down payment, usually anywhere between 10% on up and the interrest rate will be high.
Avoid car lots that are BUY HERE PAY HERE. Alot of them offer crappy cars and if you pay one off thru them you still wont have any car credit for they will not report your payment history to the bureaus,so you will be in the same boat.BUT if the car breaks down and you miss a payment they will tag you w/ a repo on your credit and it will take ALOT of money to get financed for another one. Avoid places like DRIVETIME as well. They do report good credit to the credit bureaus but their cars are crappy high milage vehicles that will more than likely break down on you and you will be paying 5k over book for one.
Unfortunatly, the 18-24 age demographic has the highest repo rate and therefor alot of banks are weary of that group
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:You can, but what you may have to do is get a personal loan from a bank, rather than the dealership. Careful, everytime time and place that you apply for a loan goes on your credit report. Don't start getting "dinged" this early on in life....
Reply:If I can't then you can't. Good luck! %26gt;:(
Reply:you need consign
http://e-loan-debt-consolidation.info
Reply:yes
Reply:one of those crappy buy here pay here lots where you never get what you pay for so get a good reliable car for cheap and save your money....its hard but grow young and you will be having more fun later
Reply:Are you serious? They can't wait for you. So long as you have no negative history and a job, you can get whatever you want! The credit vultures are circling, lining up for you. Just be smarter than they are----finance something you can really, really afford.
Don't let some double-knit, loser,car salesman, JO talk you into "The Special of the Week". That car was cheaper last week. Go to the Blue Book online, know what you are doing, make a decent offer to three or four places, and sit back and watch the a__holes bid for your business!
M
Reply:You can get a loan on your own but you aren't going to like the interest rate. My advice is patience.
Reply:Yes, but it will be difficult. Have one of your parents or family members co-sign the car loan with you. Good luck.
Reply:There are companies out there that will give you a car loan with no credit, but you will need some sort of down payment.
Question about auto loan when you have bad credit?
is it guarantee that you could get a loan from another party which is giving out auto loans when your credit is bad and you are only making at least $1800 monthly. My friend told me that she got rejected once. So do you guys know one loaner that will approve you any way.
Question about auto loan when you have bad credit?
babas0097, Get a free online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The questionaire will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:You can use credit repair agency to fix your credit, for example this site -
credit-report-free.totalh.com
They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.
After credit repair you can get the loan with minimal interest rate.
Reply:
It might really save you hassle to just get a car loan quote online to check out what the going rates are. You might be totally happy. Also if your credit is not good, a lot of them are more willing to help people.
What I most often tell friends is that an online quote at http://auto.lowratetoday.com is the way to go.
Reply:If you only make $1800/month, you really cannot afford a car payment. Save up for a few months, go on craigslist and buy a used car.
Reply:I know a loaner thats A Totally FREE Service for YOU With No Obligations NO CREDIT? BAD CREDIT? NO PROBLEM!
I got it from one site that offers a lot of credit cards upon your choice. apell-link.com
Question about auto loan when you have bad credit?
babas0097, Get a free online auto loan quote. http://www.autoadviceonline.com/Free-Aut... The questionaire will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:You can use credit repair agency to fix your credit, for example this site -
credit-report-free.totalh.com
They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.
After credit repair you can get the loan with minimal interest rate.
Reply:
It might really save you hassle to just get a car loan quote online to check out what the going rates are. You might be totally happy. Also if your credit is not good, a lot of them are more willing to help people.
What I most often tell friends is that an online quote at http://auto.lowratetoday.com is the way to go.
Reply:If you only make $1800/month, you really cannot afford a car payment. Save up for a few months, go on craigslist and buy a used car.
Reply:I know a loaner thats A Totally FREE Service for YOU With No Obligations NO CREDIT? BAD CREDIT? NO PROBLEM!
I got it from one site that offers a lot of credit cards upon your choice. apell-link.com
What is a good place to get lease/loan auto insurance?
I'm looking for a policy that includes lease/loan auto insurance or Gap insurance that will cover the charges for extra mileage, scratches, etc. when I turn in my car at the end of a lease. I'm with Geico currently and despite being told on the phone that I have that coverage, I'm now told that they don't carry any such thing. I know I'm over mileage so this would really be helpful.
What is a good place to get lease/loan auto insurance?
http://autoinsurance.maclenet.com - you can try this company. I personally have their car insurance. As I know they have special program for leased cars which provide the services from your request.
floral shops
What is a good place to get lease/loan auto insurance?
http://autoinsurance.maclenet.com - you can try this company. I personally have their car insurance. As I know they have special program for leased cars which provide the services from your request.
floral shops
Is it too early to pay off my auto loan?
I purchased a truck back on June 15th. I bought it for like 13000. I put 3500 down at the time of purchase. I am thinking about paying it off but I am really just trying to build my credit. Would it be better to keep the payments or to pay it off My credit is only 650 I am 20 years old and have no other auto loans at all. I am thinking about payinf it off to but another vehicle so keep that in mind!! Thanks!!
Is it too early to pay off my auto loan?
If you have the money to pay it off, just pay it off and be done with it, it'll definitely be good for your credit if you can show that you pay your debts.
Right now there's lots of cars going for cheap as 60% of population can't pay for it!
Reply:You are better off to keep paying on it. Lenders look for payment patterns regardless of what some of the other responders are saying. Paying off a loan quickly does not establish a pattern so they are less likely to lend. If you want both vehicles use your cash as a large down payment on the second vehicle. If you only want one, trade in the one you own and use the cash you were going to use to pay it off as additional down payment. Depending on the value of your trade in, you might come out better.
Reply:It would do your score good to pay off your loan in full. I didn't understand what you were saying about buying another car. If you ARE going to buy another car, are you going to trade your truck in? Are you keeping your truck and buying a car? Are you going to pay off your car but get a loan for a car?
Let's say it is the latter, you want to pay off your truck but get a loan for a car. That would hurt your credit because getting too many loans to fast is bad for your score. It would be much better to take your cash and buy a car and keep your truck payments. If you have money left over, you can apply that money towards your truck loan.
Reply:From a strictly credit standpoint, you would be better off sticking to your original payment scheme. With a score of 650 and having paid in full a loan to assume another loan, will not go in your favor and will call an investigation into why your score is only 650. Lenders are on alert to spot innovative borrowers.
Reply:The best thing you can do for your credit is buy something and pay it off right away.
It is a myth that carrying a loan builds credit.
Total myth.
Get 3 credit cards, get high limits, and pay them off in full each month.
Reply:Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The automated form will let you know if you can be approved. It will only take a few minutes.
Is it too early to pay off my auto loan?
If you have the money to pay it off, just pay it off and be done with it, it'll definitely be good for your credit if you can show that you pay your debts.
Right now there's lots of cars going for cheap as 60% of population can't pay for it!
Reply:You are better off to keep paying on it. Lenders look for payment patterns regardless of what some of the other responders are saying. Paying off a loan quickly does not establish a pattern so they are less likely to lend. If you want both vehicles use your cash as a large down payment on the second vehicle. If you only want one, trade in the one you own and use the cash you were going to use to pay it off as additional down payment. Depending on the value of your trade in, you might come out better.
Reply:It would do your score good to pay off your loan in full. I didn't understand what you were saying about buying another car. If you ARE going to buy another car, are you going to trade your truck in? Are you keeping your truck and buying a car? Are you going to pay off your car but get a loan for a car?
Let's say it is the latter, you want to pay off your truck but get a loan for a car. That would hurt your credit because getting too many loans to fast is bad for your score. It would be much better to take your cash and buy a car and keep your truck payments. If you have money left over, you can apply that money towards your truck loan.
Reply:From a strictly credit standpoint, you would be better off sticking to your original payment scheme. With a score of 650 and having paid in full a loan to assume another loan, will not go in your favor and will call an investigation into why your score is only 650. Lenders are on alert to spot innovative borrowers.
Reply:The best thing you can do for your credit is buy something and pay it off right away.
It is a myth that carrying a loan builds credit.
Total myth.
Get 3 credit cards, get high limits, and pay them off in full each month.
Reply:Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The automated form will let you know if you can be approved. It will only take a few minutes.
Do anyone know a good credit union in orlando to get a auto loan?
I just move to orlando a year ago and wanted to get a auto loan thru a credit union. Right now i'm with suntrust but heard credit unions give you a better interest rate. My credit score isn't to bad last time i check it was 658. so i know i won't get the best but atleast a decent rate. thanks for any info
Do anyone know a good credit union in orlando to get a auto loan?
Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:It should really save you hassle to just get a car loan price on the web to see what todays rates are. You might be totally suprised. Also if your credit is not so great, a lot of them are more willing to work with you.
What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Do anyone know a good credit union in orlando to get a auto loan?
Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:It should really save you hassle to just get a car loan price on the web to see what todays rates are. You might be totally suprised. Also if your credit is not so great, a lot of them are more willing to work with you.
What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Can I refinance my new auto loan?
I want to refinance my current new auto loan which I've had for 8 months now. My interest is 16% for $14,538 loan over 5 1/2 years. I've never been late and my credit score is average. No one has co-signed with me. I've had the same job for the past 4 years and only $150 on credit cards. I want to get my first apartment within the next 3-4 months but I can't afford to keep paying $334 for my car and by the time I finish paying off this loan, it will be around $21,000!.
Does anyone know if I should try refinance or just sell the car all together and hopefully get a new loan for probably cheaper car.
Can I refinance my new auto loan?
With 8-payments made as agreed, you should try you own local bank or credit union, they will always beat the rates you get from the dealers.
Reply:Visit this webguide : Auto Loan Guide: http://autoloans.autoloanassis...
Good Luck Report Abuse
Reply:Yes in some cases even your own bank will refi after 6 months.
I would recommend going to a credit union in your area, they have very competitive rates for consumers. You are right that you will need to have your debt ratio to be low in order to get into any loan or lease agreement. A refi will definitely help.
Debt ratio is your monthly liabilities(on your credit report)divided by your monthly income.
Good luck and congrats on your new apartment.
~www.DamionJackson.com
Reply:http://index.mybuny.com/business-and-eco...
Does anyone know if I should try refinance or just sell the car all together and hopefully get a new loan for probably cheaper car.
Can I refinance my new auto loan?
With 8-payments made as agreed, you should try you own local bank or credit union, they will always beat the rates you get from the dealers.
Reply:Visit this webguide : Auto Loan Guide: http://autoloans.autoloanassis...
Good Luck Report Abuse
Reply:Yes in some cases even your own bank will refi after 6 months.
I would recommend going to a credit union in your area, they have very competitive rates for consumers. You are right that you will need to have your debt ratio to be low in order to get into any loan or lease agreement. A refi will definitely help.
Debt ratio is your monthly liabilities(on your credit report)divided by your monthly income.
Good luck and congrats on your new apartment.
~www.DamionJackson.com
Reply:http://index.mybuny.com/business-and-eco...
What is a good auto loan APR?
I need to know what the best rate would be for someone in my situation.
I live in NE Ohio, and I have just filed bankruptcy. I am not sure what my credit score is, but it can't be good. Prior to losing my job, I had excellent credit and an auto loan rate of 5%.
I don't want to be taken advantage of, at least not to the full extent. We all know how car dealerships are.
What is a good auto loan APR?
Yes, I don't see how you could even get a loan. You must have excellent credit usually to even qualify for a low interest car loan. I have 1.9% on my Honda Accord Coupe, but that is because it was bought new and we have great credit. You can usually only qualify for 0% and low interest loans if you buy a NEW vehicle, which it doesn't sound like you can in your situation.
If I were to get a loan and I was in your situation, I would settle for something around 8% or 9%. That actually sound outrageous to me though...
Reply:It might really save you some money to just get an auto loan estimate online to check out what the going rates are. You might be pleasantly happy. Also if your credit is not the best, a lot of them are more willing to help people.
What I most often tell friends is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Reply:If you just filed bankruptcy, why on earth are you buying a new car?
There is no good news here. You will be lucky to get financed and will probably end up with something at least 17% or more.
Reply:You will need proff of discharge first. With new BK you will be looking at anywhere from 15.9 and up with at least 1/3 down payment to secondary bank + bank fees as secondary all charge 1-2000.00 on top of price of car. Car delerships are not bad it is just ignorant people who say that and know nothing about car dealers and laws that keep them from ripping anybody off like interest which they as i said cannot charge more then 2 points over their buy rate which is lower then anyone can get at a bank. Your BK will cause you to have to use a secondary bank so the extra 1-2000 charge goes directly to them for taking the risk. Obviously you did not pay bills so the highAPR will be in effect. You will not always have choice of car either. You still need to be making 1500.00 a month and be on same job for 1 year and same residence for same. You will need last 2 paystubs with YTD on it plus references, utility bills with your name and bank s will decide how much and on what you can spend it on. has to book out with NADA and be within their criteria for debt ratio. Of course you will not listen and go to dealer and say he is ripping you off because of what it takes to buy car with recent BK but dealer has nothing to do with that. the banks do. You may not even qualify yet as you said you lost job and if you have not worked 1 year straight for same place you wil not. As for 5 % rate , they change all the time as prime rate does. Thier are no 5% loans on cars now without perfect credit. Your 5% would be 6.9 at best or be dealer buying down rate.
I live in NE Ohio, and I have just filed bankruptcy. I am not sure what my credit score is, but it can't be good. Prior to losing my job, I had excellent credit and an auto loan rate of 5%.
I don't want to be taken advantage of, at least not to the full extent. We all know how car dealerships are.
What is a good auto loan APR?
Yes, I don't see how you could even get a loan. You must have excellent credit usually to even qualify for a low interest car loan. I have 1.9% on my Honda Accord Coupe, but that is because it was bought new and we have great credit. You can usually only qualify for 0% and low interest loans if you buy a NEW vehicle, which it doesn't sound like you can in your situation.
If I were to get a loan and I was in your situation, I would settle for something around 8% or 9%. That actually sound outrageous to me though...
Reply:It might really save you some money to just get an auto loan estimate online to check out what the going rates are. You might be pleasantly happy. Also if your credit is not the best, a lot of them are more willing to help people.
What I most often tell friends is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Reply:If you just filed bankruptcy, why on earth are you buying a new car?
There is no good news here. You will be lucky to get financed and will probably end up with something at least 17% or more.
Reply:You will need proff of discharge first. With new BK you will be looking at anywhere from 15.9 and up with at least 1/3 down payment to secondary bank + bank fees as secondary all charge 1-2000.00 on top of price of car. Car delerships are not bad it is just ignorant people who say that and know nothing about car dealers and laws that keep them from ripping anybody off like interest which they as i said cannot charge more then 2 points over their buy rate which is lower then anyone can get at a bank. Your BK will cause you to have to use a secondary bank so the extra 1-2000 charge goes directly to them for taking the risk. Obviously you did not pay bills so the highAPR will be in effect. You will not always have choice of car either. You still need to be making 1500.00 a month and be on same job for 1 year and same residence for same. You will need last 2 paystubs with YTD on it plus references, utility bills with your name and bank s will decide how much and on what you can spend it on. has to book out with NADA and be within their criteria for debt ratio. Of course you will not listen and go to dealer and say he is ripping you off because of what it takes to buy car with recent BK but dealer has nothing to do with that. the banks do. You may not even qualify yet as you said you lost job and if you have not worked 1 year straight for same place you wil not. As for 5 % rate , they change all the time as prime rate does. Thier are no 5% loans on cars now without perfect credit. Your 5% would be 6.9 at best or be dealer buying down rate.
Need help trying to get an auto loan?
Im trying to get an auto loan anywhere from 13-15k. I dont know if its possible or not. I havent tried applying for any outside of Capital One, it was denied. I looked at my Credit Report and all that and even paid to see what my score was. Its a 608 (from my knowledge a very bad score).
I just got done paying off a charged off Credit Card thru Capital One (thinking thats a big reason why I may have been denied seeing that they took it to court) but it has yet to reflect on my Report. So while im waiting on all that to get updated Is there any place else i can get that loan from? Im trying to get a toyota camry for about that much (brother in law works for them). Only thing is I just graduated college last year so im paying back my student loans (36k right there but low monthly payments). Is there anyone who will give me that auto loan?? Thanks for any help.
Need help trying to get an auto loan?
How much of a down payment do you have? The larger the down payment, the more likely you will be able to get a vehicle financed. You say your Brother in Law works for a Toyota dealer?
They may be able to get the loan approved for you. You could also check with your bank or credit union to see if they can help you.
Reply:Visit this webguide : Auto Loan Guide: http://autoloans.autoloanassis...
Good Luck Report Abuse
Reply:go to www.sandiegomotorsinc.com they help everyone
Reply:skip trying to get a car loan and go to freegovermentgrants .com pay the $39. fee and let some old lady with nothing better to do with her money buy you a car 3.5 mill . people a year get grants why shouldent you
I just got done paying off a charged off Credit Card thru Capital One (thinking thats a big reason why I may have been denied seeing that they took it to court) but it has yet to reflect on my Report. So while im waiting on all that to get updated Is there any place else i can get that loan from? Im trying to get a toyota camry for about that much (brother in law works for them). Only thing is I just graduated college last year so im paying back my student loans (36k right there but low monthly payments). Is there anyone who will give me that auto loan?? Thanks for any help.
Need help trying to get an auto loan?
How much of a down payment do you have? The larger the down payment, the more likely you will be able to get a vehicle financed. You say your Brother in Law works for a Toyota dealer?
They may be able to get the loan approved for you. You could also check with your bank or credit union to see if they can help you.
Reply:Visit this webguide : Auto Loan Guide: http://autoloans.autoloanassis...
Good Luck Report Abuse
Reply:go to www.sandiegomotorsinc.com they help everyone
Reply:skip trying to get a car loan and go to freegovermentgrants .com pay the $39. fee and let some old lady with nothing better to do with her money buy you a car 3.5 mill . people a year get grants why shouldent you
Can a student get approved for a auto loan?
I'm a college student, 21 yrs old
I'm trying to get an auto loan with capital one with $8000
Do i have a big chance to get it?
my credit score is around 670
Can a student get approved for a auto loan?
You should be able to get that loan but it really depends on a lot of things. First your score is above average but how's your history? do you have credit cards? How are the balances? If they're high you may not get the loan. A lot of banks have first time buyer programs but expect your rates to be on the high side.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://badcredits.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You'll Discover Something...
tanning
I'm trying to get an auto loan with capital one with $8000
Do i have a big chance to get it?
my credit score is around 670
Can a student get approved for a auto loan?
You should be able to get that loan but it really depends on a lot of things. First your score is above average but how's your history? do you have credit cards? How are the balances? If they're high you may not get the loan. A lot of banks have first time buyer programs but expect your rates to be on the high side.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://badcredits.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You'll Discover Something...
tanning
Where should I get an auto loan online?
What are some good and reputable internet sites that offer auto loans?
Where should I get an auto loan online?
http://www.capitalone.com/autoloans/?PFF...
Capital One offers pre-approval, competitive rates, and sends you a check for your approved amount so you can go to the dealership with money in hand.
My dad, who is 63 yrs old, did this online and he said it was pretty easy.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:I sugggest you phone Auckland 0800227759 and ask for Paul
Reply:E-Loan, RoadLoans
Reply:You can find some good information about auto loans at http://www.refinancingyourvehicle.com the lenders on the site are big, respected, quality organizations who also help when refinancing loans.
Reply:www.geico.com
www.esurance.com
Where should I get an auto loan online?
http://www.capitalone.com/autoloans/?PFF...
Capital One offers pre-approval, competitive rates, and sends you a check for your approved amount so you can go to the dealership with money in hand.
My dad, who is 63 yrs old, did this online and he said it was pretty easy.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:I sugggest you phone Auckland 0800227759 and ask for Paul
Reply:E-Loan, RoadLoans
Reply:You can find some good information about auto loans at http://www.refinancingyourvehicle.com the lenders on the site are big, respected, quality organizations who also help when refinancing loans.
Reply:www.geico.com
www.esurance.com
Has anyone had any luck getting a person-to-person auto loan from Capitol One with poor/bad credit?
I have heard that Capitol One approves auto loans for people with poor credit for purchases from a private seller. But I don't want to apply and get denied, which will damage my credit even further. Can anyone give me any ideas about this or know of any companies that are guaranteed to give bad credit auto loans to people who want to purchase from a private seller, not a dealer?
Has anyone had any luck getting a person-to-person auto loan from Capitol One with poor/bad credit?
that's hard to answer because having bad credit is really preventing you from having alot of options
i think its important to improve your score before digging into more debt
if you have a car just try to hang on to it until you are in a better financial situation (better score)
good luck
s
Reply:Try here:
http://www.prosper.com/lend/listing.aspx...
It's a person to person lending site. It helps if you endorse other people's listing and they will endorse yours.
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:I have/had credit issues. I needed a new car last year, and Capital One helped me out. I went to Lending Tree.com, entered my information, and they returned to me a whole bunch of lenders who might help me. Capital One initially denied me through lending tree but then an hour later said I had been approved. If your credit is bad, having a further denial at this point isn't really going to make much of a difference. It helps if you are working full time and have been for a while now.
I didn't get a person to person loan through them. I got the Blank Check thing, and then I just used that at the dealer. You can also use the Blank Check at Carmax if you are looking for an inexpensive car. Might be 'safer' than buying from a person.
Just my two cents! You might also check out some credit unions in your area or if you employer offers some type of help/benefit.
Good luck.
Has anyone had any luck getting a person-to-person auto loan from Capitol One with poor/bad credit?
that's hard to answer because having bad credit is really preventing you from having alot of options
i think its important to improve your score before digging into more debt
if you have a car just try to hang on to it until you are in a better financial situation (better score)
good luck
s
Reply:Try here:
http://www.prosper.com/lend/listing.aspx...
It's a person to person lending site. It helps if you endorse other people's listing and they will endorse yours.
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:I have/had credit issues. I needed a new car last year, and Capital One helped me out. I went to Lending Tree.com, entered my information, and they returned to me a whole bunch of lenders who might help me. Capital One initially denied me through lending tree but then an hour later said I had been approved. If your credit is bad, having a further denial at this point isn't really going to make much of a difference. It helps if you are working full time and have been for a while now.
I didn't get a person to person loan through them. I got the Blank Check thing, and then I just used that at the dealer. You can also use the Blank Check at Carmax if you are looking for an inexpensive car. Might be 'safer' than buying from a person.
Just my two cents! You might also check out some credit unions in your area or if you employer offers some type of help/benefit.
Good luck.
What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?
What if you have three different credit scores from experian, transunion and the other one. Which score will finance companies look at for auto loans?
What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?
Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...
The low rate 0.99% to 3.99% generally require 720-740+ scores, depending on the offer. Otherwise for normal rates, you can get an excellent rate and even rather poor scores IF you have always paid your auto loans on time. There IS such a thing as an auto credit score, different from a consumer score or a mortgage score, or a landlord score.
In my newspaper column, I recommend staying AWAY from finance companies at ALL costs. Like Wells Fargo FINANCIAL, Drive FINANCIAL, etc.
Try a credit union you can join, your bank is a choice, and even Capital One Auto Finance seems OK for a lot of people.
As to which score? That cannot be predicted always, but you can ask ahead of time. At my own bank, they randomly select which bureau to use by computer.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Each application differs from companies to companies. I suggest you check with the loan company. Loan amount and interest are based on your repayment capability 7 tenure of the loan.
Reply:It's kind of a crap shoot. You have to have at least a 720 FICO score to get the best interest rate. If there is a huge disparity between your three FICO scores, you should pull your credit report from all three (to make sure one of them is not dinging you with a past issue that has been resolved). If you find that there is a discrepancy, dispute it in writing. I wouldn't try to apply for the loan until any discrepancies were resolved. Unless you want to pay a higher interest rate. Another way around it, if you need the auto immediately, is to have a relative with great credit co-sign for you. I'm not really a fan of this option b/c it can cause bad blood in your relationship. If you screw up on the payments, then the co-signer's credit is on the line. So, you need to make sure you can afford the car and all the responsibilities that come with it. Suze Orman has a great website that can help you out a lot. I listed it below. Good luck!
Reply:the higher the better
Reply:when going for a house loan or a auto loan. 99% of all banks will pull all three credit scores and they will base there decision on the middle score as well as mannually review your credit reports. my father who had 620 score but no bk got a 5% intrest rate on his car i on the ohter hand had a 660 but had a bk from 7 years ago. my interest rate was 11%
for a decent rate your score should be around 700 but your milage will vary..
Reply:620 will get you a decent rate. 700 and above will get you prime rate (or the lowest rate) available.
What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?
Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...
The low rate 0.99% to 3.99% generally require 720-740+ scores, depending on the offer. Otherwise for normal rates, you can get an excellent rate and even rather poor scores IF you have always paid your auto loans on time. There IS such a thing as an auto credit score, different from a consumer score or a mortgage score, or a landlord score.
In my newspaper column, I recommend staying AWAY from finance companies at ALL costs. Like Wells Fargo FINANCIAL, Drive FINANCIAL, etc.
Try a credit union you can join, your bank is a choice, and even Capital One Auto Finance seems OK for a lot of people.
As to which score? That cannot be predicted always, but you can ask ahead of time. At my own bank, they randomly select which bureau to use by computer.
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Each application differs from companies to companies. I suggest you check with the loan company. Loan amount and interest are based on your repayment capability 7 tenure of the loan.
Reply:It's kind of a crap shoot. You have to have at least a 720 FICO score to get the best interest rate. If there is a huge disparity between your three FICO scores, you should pull your credit report from all three (to make sure one of them is not dinging you with a past issue that has been resolved). If you find that there is a discrepancy, dispute it in writing. I wouldn't try to apply for the loan until any discrepancies were resolved. Unless you want to pay a higher interest rate. Another way around it, if you need the auto immediately, is to have a relative with great credit co-sign for you. I'm not really a fan of this option b/c it can cause bad blood in your relationship. If you screw up on the payments, then the co-signer's credit is on the line. So, you need to make sure you can afford the car and all the responsibilities that come with it. Suze Orman has a great website that can help you out a lot. I listed it below. Good luck!
Reply:the higher the better
Reply:when going for a house loan or a auto loan. 99% of all banks will pull all three credit scores and they will base there decision on the middle score as well as mannually review your credit reports. my father who had 620 score but no bk got a 5% intrest rate on his car i on the ohter hand had a 660 but had a bk from 7 years ago. my interest rate was 11%
for a decent rate your score should be around 700 but your milage will vary..
Reply:620 will get you a decent rate. 700 and above will get you prime rate (or the lowest rate) available.
I have a personal loan and an auto loan, can I combine them into one?
I have an older car as collateral for the personal loan with about $3000 left on it, and my current auto loan for $14,000 at a 13% rate. Can I combine them into one payment?
I have a personal loan and an auto loan, can I combine them into one?
You might be able to move the balances over to a credit card or two. 13% is not a good rate for an auto loan, and some credit cards will give you 0%...but there is a catch. The catch with credit cards is that they can jack the rate later, up over 30%
IMO, a better choice is to skimp and save and pay off the $3000 car then start paying off the $14,000. If you do not have room in your budget to do that I suggest selling the more expensive car.
Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse
Reply:You can merge them on to a credit card, that has a low apr, keep bouncing them each year tokeep getting the low rates, as the low intro rates don't stay forever... Stay on top of it..though... Good luck
Reply:I think you cannot combine that two
Reply:It is possible to combine an automobile loan with a $3000.00 personal loan as long as the vehicle is valued at the full requesting amount. You see what will happen is you have to refinance your $14,000.00 vehicle and ask for $3000.00 cash to pay off the loan. Depending on when you originally purchased the auto your interest rate might go up or down. The lender will first approve you for the asking amount and then they will see what the blue book value of the vehicle is. It must be valued at least at the $17,000.00 you are asking as this is the lenders collateral. Also, depending in what state you reside in tt%26amp;l fees might be involved if needing to go with a different lender then you originally had. For example, in Texas the total fees to refinance your vehicle with a different lender and all parties on the title is $37.50. You only need to go with a different lender if the one you currently have doesn't do collateral loans.
Reply:credit union a good at helping people in your situation. i am betting you could get a 5 year loan for 17k.. if you have ok credit you rate would be like 8-9 percent too.
floral
I have a personal loan and an auto loan, can I combine them into one?
You might be able to move the balances over to a credit card or two. 13% is not a good rate for an auto loan, and some credit cards will give you 0%...but there is a catch. The catch with credit cards is that they can jack the rate later, up over 30%
IMO, a better choice is to skimp and save and pay off the $3000 car then start paying off the $14,000. If you do not have room in your budget to do that I suggest selling the more expensive car.
Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse
Reply:You can merge them on to a credit card, that has a low apr, keep bouncing them each year tokeep getting the low rates, as the low intro rates don't stay forever... Stay on top of it..though... Good luck
Reply:I think you cannot combine that two
Reply:It is possible to combine an automobile loan with a $3000.00 personal loan as long as the vehicle is valued at the full requesting amount. You see what will happen is you have to refinance your $14,000.00 vehicle and ask for $3000.00 cash to pay off the loan. Depending on when you originally purchased the auto your interest rate might go up or down. The lender will first approve you for the asking amount and then they will see what the blue book value of the vehicle is. It must be valued at least at the $17,000.00 you are asking as this is the lenders collateral. Also, depending in what state you reside in tt%26amp;l fees might be involved if needing to go with a different lender then you originally had. For example, in Texas the total fees to refinance your vehicle with a different lender and all parties on the title is $37.50. You only need to go with a different lender if the one you currently have doesn't do collateral loans.
Reply:credit union a good at helping people in your situation. i am betting you could get a 5 year loan for 17k.. if you have ok credit you rate would be like 8-9 percent too.
floral
My auto loan is going to mature and I still have a balance.?
I still owe $5000 on my auto loan with Americredit. It will Mature on nov. 12th.
what does this mean? What happens if I haven't paid it all by the 12th?
I've asked them but they won't tell me. They said i need to wait till my account is transfered to that department.
Thank you!
My auto loan is going to mature and I still have a balance.?
Rebecca, 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's free and you can get an answer in minutes.
Reply:Your lender will automatically create a new term for your loan. Your loan will mature and you will also have the option to payout your loan in full.
In some extremely dire economic situations or if you are unable to re qualify for the loan, then they may call the loan and you will be responsible for the loan in full.
This is highly unlikely however.
Reply:That sounds like a balloon note. If so, you would have to either pay it off in a lump sum or refinance with another lender.
I encourage you to find a credit union that you meet eligibility requirements for and join. Then, you should sit down with them and find out what to do so that you never take on such a predatory loan ever again.
Please do yourself a favor and find out how to avoid such companies that want to rip you off.
Reply:
any one interested in getting a loan can Email hallmankris@yahoo.com for more informations.
what does this mean? What happens if I haven't paid it all by the 12th?
I've asked them but they won't tell me. They said i need to wait till my account is transfered to that department.
Thank you!
My auto loan is going to mature and I still have a balance.?
Rebecca, 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's free and you can get an answer in minutes.
Reply:Your lender will automatically create a new term for your loan. Your loan will mature and you will also have the option to payout your loan in full.
In some extremely dire economic situations or if you are unable to re qualify for the loan, then they may call the loan and you will be responsible for the loan in full.
This is highly unlikely however.
Reply:That sounds like a balloon note. If so, you would have to either pay it off in a lump sum or refinance with another lender.
I encourage you to find a credit union that you meet eligibility requirements for and join. Then, you should sit down with them and find out what to do so that you never take on such a predatory loan ever again.
Please do yourself a favor and find out how to avoid such companies that want to rip you off.
Reply:
any one interested in getting a loan can Email hallmankris@yahoo.com for more informations.
Will today's Fed rate cut lower auto loan interest rates?
We are about to buy a new car, should we wait a bit to see whether auto loan rates go down? Thanks!
Will today's Fed rate cut lower auto loan interest rates?
Yes banks "usually" follow the fed rate
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://badcredits.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:It's a toss up. Though the fed rate has dropped, it's only one half of a percent, which is very slight. Also, some banks may follow the fed rate, but more often than not, banks follow what the other banks around them are doing. That being said, it depends more on the bank, and the specific market you're in than what the fed is doing.
Reply:The short answer, is retail rates should edge downward in the next couple months. But the difference in a half point apr on an auto loan is probably less than you think it is, on your payment.
Will today's Fed rate cut lower auto loan interest rates?
Yes banks "usually" follow the fed rate
Reply:There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://badcredits.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Reply:It's a toss up. Though the fed rate has dropped, it's only one half of a percent, which is very slight. Also, some banks may follow the fed rate, but more often than not, banks follow what the other banks around them are doing. That being said, it depends more on the bank, and the specific market you're in than what the fed is doing.
Reply:The short answer, is retail rates should edge downward in the next couple months. But the difference in a half point apr on an auto loan is probably less than you think it is, on your payment.
Is it possible to refinance a car loan with one's current auto loan bank or institution?
I currently have an auto loan with Bank of America. I am paying 9.7% APR. I'm considering refinancing just to get my interest rate lower.
In fall 05, I started it w/ a loan balance of ~$27K. In 1.5yrs, I've paid down the loan to a little under $15K. Currently the car has a trade-in value of ~$19,500 and a retail resale value of ~$23K(I looked this up on Kelly Blue Book's website). So I know that I'm not upside-down on my loan.
Do I have a good chance of refinancing? My credit is solid, but the only thing that I'm afraid might hinder me is the credit card balances that I currently have(although I've been paying them on time).
More importantly--Is there a chance Bank of America might be able to refinance my car loan for a lower rate? If they do this, is it possible for the loan acct.# to stay the same?(since it's within the same bank) Do banks sometimes refinance car loans that they already manage? And if I tried to refi with Bank of America, would it create a hard inquiry?
Is it possible to refinance a car loan with one's current auto loan bank or institution?
Yes it is possible. Since you have paid the loan down so much your loan to value has changed greatly. This is one of the main things that lenders base rate on.
You should have no problem refinancing with your own bank, if you do? Try a credit union, they will always beat a bank on rate anyway.
And yes it will be a hard inquire.
Reply:You really should have no problem refinancing as long as you do not owe more than the vehicle is worth and you have ok credit.
In fall 05, I started it w/ a loan balance of ~$27K. In 1.5yrs, I've paid down the loan to a little under $15K. Currently the car has a trade-in value of ~$19,500 and a retail resale value of ~$23K(I looked this up on Kelly Blue Book's website). So I know that I'm not upside-down on my loan.
Do I have a good chance of refinancing? My credit is solid, but the only thing that I'm afraid might hinder me is the credit card balances that I currently have(although I've been paying them on time).
More importantly--Is there a chance Bank of America might be able to refinance my car loan for a lower rate? If they do this, is it possible for the loan acct.# to stay the same?(since it's within the same bank) Do banks sometimes refinance car loans that they already manage? And if I tried to refi with Bank of America, would it create a hard inquiry?
Is it possible to refinance a car loan with one's current auto loan bank or institution?
Yes it is possible. Since you have paid the loan down so much your loan to value has changed greatly. This is one of the main things that lenders base rate on.
You should have no problem refinancing with your own bank, if you do? Try a credit union, they will always beat a bank on rate anyway.
And yes it will be a hard inquire.
Reply:You really should have no problem refinancing as long as you do not owe more than the vehicle is worth and you have ok credit.
How do I get out of an Auto Loan?
I have a loan with my ex. She is hounding me to get her off it. I can't refinance without a co-signor and no one will help. I can't sell it because I need a car and can't pay the difference. Any auto salesmen out there who can give me some advice? Pretty much any option with me selling, paying, getting another loan, etc... is not an option. Will any dealers take it and trade it towards a different car. I found it's worth $6500 KBB for private sale($7500 at most) but would get up to $9500 at a dealer. I owe $8500.
How do I get out of an Auto Loan?
I think your numbers are not in order since when will a dealer going to give you more than wholesale which is less than you can sell it for.So your up side down .Any ways you %26amp; your X signed a loan together %26amp; both names are on the title who is paying for it ?If you than you have to have her sign the papers when you sell it or trade it or anything it she has to agree.And if she wants $ than there a issue.But as long as your paying for it you don't have to sell it. But she has just as much right to the car as you so it can disppear %26amp; you don't have a car.So you have some real issues.Since you can't get a loan on your own.Have her agree that you will pay for the car.an keep it till you can refiance it. would have to get this in writing legally done.So she can't come an take the car.Maybe some 1 has a better idea for you.
Reply:yes you can expect 5000 for a trade in value(if kbb @6500) and you should find a car for the same if not alittle more and negotiate a even trade. i have done this in the past. i sold cars at a toyota dealership for 5 years. email me with any specific questions.
Reply:Tell your ex to bite you. Just like the last person said, you are paying for the loan and it is your car too. If you are not in a position to trade it, sell it or refinance it, then don't worry about it. The best thing to do is get in the divorce decree that you will be responsible for the car and you will be the one who retains it. Don't worry about the ex's wishes at this point because I promise she is not worried about you and what you need. Stop trying to be nice. If she persists say, "do you hear that? sounds like thunder" and slam the phone down!
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How do I get out of an Auto Loan?
I think your numbers are not in order since when will a dealer going to give you more than wholesale which is less than you can sell it for.So your up side down .Any ways you %26amp; your X signed a loan together %26amp; both names are on the title who is paying for it ?If you than you have to have her sign the papers when you sell it or trade it or anything it she has to agree.And if she wants $ than there a issue.But as long as your paying for it you don't have to sell it. But she has just as much right to the car as you so it can disppear %26amp; you don't have a car.So you have some real issues.Since you can't get a loan on your own.Have her agree that you will pay for the car.an keep it till you can refiance it. would have to get this in writing legally done.So she can't come an take the car.Maybe some 1 has a better idea for you.
Reply:yes you can expect 5000 for a trade in value(if kbb @6500) and you should find a car for the same if not alittle more and negotiate a even trade. i have done this in the past. i sold cars at a toyota dealership for 5 years. email me with any specific questions.
Reply:Tell your ex to bite you. Just like the last person said, you are paying for the loan and it is your car too. If you are not in a position to trade it, sell it or refinance it, then don't worry about it. The best thing to do is get in the divorce decree that you will be responsible for the car and you will be the one who retains it. Don't worry about the ex's wishes at this point because I promise she is not worried about you and what you need. Stop trying to be nice. If she persists say, "do you hear that? sounds like thunder" and slam the phone down!
purchase flowers
Getting an auto loan direct from a lender rather than the car dealer?
I applied online for an auto loan with Capital One Auto Finance (capitalone.com/autoloans) and got approved for a low rate. They sent me a Blank Check that I can just sign over to the car dealer and cut out the usual auto financing hassles. It lets me negotiate like a cash buyer and ensure a low auto loan rate. It almost seems to good to be true. Has anyone else had favorable or unfavorable experiences with Capital One online auto loans? Thanks!
Getting an auto loan direct from a lender rather than the car dealer?
Capitol One is one of my largest lenders. They are also one of the largest lenders in the United States and report to all of the credit bureaus.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
All the best to you.
Reply:If you were in fact dealing with Capital One, then you got the real deal. I've not used them myself (don't need to... I always save up and pay cash)
Pay close attention to the loan terms and the interest rate. As with any debt where you're paying interest, you want to get it paid off as absolutely quickly as possible.
Reply:
It can really save you hassle to just get an automobile loan quote on the web to check out what todays rates are. You might be really suprised. Also if your credit is not so great, a lot of them are more willing to help you.
What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.
Reply:Julia B, Get a free online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionairre will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.
Getting an auto loan direct from a lender rather than the car dealer?
Capitol One is one of my largest lenders. They are also one of the largest lenders in the United States and report to all of the credit bureaus.
A comparison to whats available is good too..
http://www.surveyland.org/jump.php?link=...
All the best to you.
Reply:If you were in fact dealing with Capital One, then you got the real deal. I've not used them myself (don't need to... I always save up and pay cash)
Pay close attention to the loan terms and the interest rate. As with any debt where you're paying interest, you want to get it paid off as absolutely quickly as possible.
Reply:
It can really save you hassle to just get an automobile loan quote on the web to check out what todays rates are. You might be really suprised. Also if your credit is not so great, a lot of them are more willing to help you.
What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.
Reply:Julia B, Get a free online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionairre will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.
Need advice on an auto loan with bad credit?
I am looking to buy a car. I have horrible credit. My score is probably around 500. My income is around 110,000.00 and have outstanding debt of $60,000.00. My wife has excellant credit, but no job at present. I am looking at trying to get a $20,000 auto loan. I have two autos that are paid for. About 50,000 in my 401K. What is my chances of getting approved for a loan?
Need advice on an auto loan with bad credit?
It's going to be rough with that. I would try contacting Lending Tree, ELoan, or My Auto Loan and letting them do the work for you to get the best rate. Be sure to tell them everything you said in here and they'll do their best.
You'll get a really good rate if you are military or directly related to someone who is. If you can find an in like that with a credit union, your rates will get better.
Reply:Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlcut.com/1kvhf
Reply:Hi
I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.
Thanks.
Deborah Kirk
Reply:Hello Dear,
I saw your recent postings on need a loan as well as some financial assistance.
I am currently located in the united kingdom and i would advise you to obtain your loan from a private lender here in the United kingdom where i had obtained my loan from.
I have been scammed before because there are lots of scammers out there waiting to prey on innocent people like you.
They will help you acquire a loan within six working days at a reduced interest rate of 2.0% which is simply great and even if your credit is less than perfect.
Here's their contact address:moorejohnson95@yahoo.co.uk
Need advice on an auto loan with bad credit?
It's going to be rough with that. I would try contacting Lending Tree, ELoan, or My Auto Loan and letting them do the work for you to get the best rate. Be sure to tell them everything you said in here and they'll do their best.
You'll get a really good rate if you are military or directly related to someone who is. If you can find an in like that with a credit union, your rates will get better.
Reply:Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlcut.com/1kvhf
Reply:Hi
I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.
Thanks.
Deborah Kirk
Reply:Hello Dear,
I saw your recent postings on need a loan as well as some financial assistance.
I am currently located in the united kingdom and i would advise you to obtain your loan from a private lender here in the United kingdom where i had obtained my loan from.
I have been scammed before because there are lots of scammers out there waiting to prey on innocent people like you.
They will help you acquire a loan within six working days at a reduced interest rate of 2.0% which is simply great and even if your credit is less than perfect.
Here's their contact address:moorejohnson95@yahoo.co.uk
Auto-loan?
My husband and I have been looking around for me a car but, his credit isn't that great. Mine is good, but I don't have a job. We went to a dealer about an hour away and instead of picking out a car first, we decided to go ahead and see if we could even get approved for a loan. We jumped past the salesperson and saw a 'loan specialist'. She pretty much lied on the application, saying I worked for a privately owned business and got paid cash for my work. I ended up getting approved with only $1,000 down. I have not gone back to pick out a vehicle or sign anything because I'm not sure how much I'm approved for but, anyway, Is that illegal, to lie like that?
I really need a car but, I don't want to have a court case on my hands in a few months down the road.
Auto-loan?
This is a common practice but is one that has led to the recent credit crisis in American economics in the housing market. Loan specialists lied to get people into homes that they no longer can afford. This happens in the automarket also. In the area I live the median income is very low and most people would not qualify for a loan if their income was not "spiced up." I know for a fact that the loan specialists do this to qualify them. Is it illegal? It would seem at least unethical. I would not sign a form that listed that on it if it weren't true. If it is something that they do internally, then that is their problem but if it is on a document that you must sign, I would pass. It is falsifying a document.
Reply:That b is the reason people lose houses and cars. They give people loans they cannot afford, using sales techniques. I hope she loses her job and has to eat at the soup kitchen.
I really need a car but, I don't want to have a court case on my hands in a few months down the road.
Auto-loan?
This is a common practice but is one that has led to the recent credit crisis in American economics in the housing market. Loan specialists lied to get people into homes that they no longer can afford. This happens in the automarket also. In the area I live the median income is very low and most people would not qualify for a loan if their income was not "spiced up." I know for a fact that the loan specialists do this to qualify them. Is it illegal? It would seem at least unethical. I would not sign a form that listed that on it if it weren't true. If it is something that they do internally, then that is their problem but if it is on a document that you must sign, I would pass. It is falsifying a document.
Reply:That b is the reason people lose houses and cars. They give people loans they cannot afford, using sales techniques. I hope she loses her job and has to eat at the soup kitchen.
On average, how long is an auto loan offer valid?
Hello, without thinking I applied for an auto loan (through Drivetime) and was approved. However I would not like to buy a car for about 5 months. How long is the offer valid for if my circumstances/income/credit doesn't change?
Will I need to reapply and if yes, will the fact that it's a reapplication hurt my chances of being approved? Thanks.
On average, how long is an auto loan offer valid?
depending on the bank, approvals are usually good from 30-90 days. for instance, a bmw approval is good for 90 days, chase is good for 30 days, and my credit union is good for 30 days.
Reply:i would definently let them know you dont plan on buying for a bit, when i got mine, it expired within 2 months
Reply:I just got pre-approved for an auto loan by my credit union. They told me they would guarantee the rate for 30 days, and the pre-approval for 60 days. After that, I would have to re-apply.
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Will I need to reapply and if yes, will the fact that it's a reapplication hurt my chances of being approved? Thanks.
On average, how long is an auto loan offer valid?
depending on the bank, approvals are usually good from 30-90 days. for instance, a bmw approval is good for 90 days, chase is good for 30 days, and my credit union is good for 30 days.
Reply:i would definently let them know you dont plan on buying for a bit, when i got mine, it expired within 2 months
Reply:I just got pre-approved for an auto loan by my credit union. They told me they would guarantee the rate for 30 days, and the pre-approval for 60 days. After that, I would have to re-apply.
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How high does a beacon score need to be in order to co-sign for a auto loan?
how high does a beacon score need to be in order to co-sign for a auto loan?
How high does a beacon score need to be in order to co-sign for a auto loan?
Please do NOT sign for an auto loan.
The only exceptions would be for someone that has NO credit!
If a person has bad credit, they have it for a reason and they probably are not honest with you regarding what that reason is. If that person does not pay the loan the cosigner is obligated to do so.
Furthermore, the amount of that loan will be used against the cosigner if that cosigner now wants or needs to make a purchase.
I would NOT do this
To answer your question, I do not believe that there is an arbitrary number that one needs to achieve to be a cosigner. That number will vary from car lot to car lot. There are other factors to consider. For example say Betty has a credit score of 800 but she is a housewife with no independent income. Although she has a great score, she would not make a good cosigner because she has no income to 'secure the loan' if the orignial person does not or cannot pay
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:
It might really save you a lot of running around to just get an auto loan quote on the web to see what the going rates are. You might be really suprised. Also if your credit is not the best, a lot of them are more able to help people.
What I always tell friends is that an online quote at http://auto.lowratetoday.com is what I would do.
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:Hi
my name is Mrs Shirley Murphy i am a mother of tree kids i live in united state of America. Two weeks back i was in search of who will lend me $85,000USD. i came across a lady called Mrs Jennifer Jefferson who directed me to a private lender Mr Peter White. first i thought it was a scam then i thought of given it a try after i have been scam twice before. As God is on my side. Mr Peter White, loan me the sum of $85,000USD i was very happy it was like a dream to me. so my dear i would want you to contact him now. tell him Mrs Shirley Murphy whom he help with a loan two weeks a go directed you here is his e-mail: peterwhite32@yahoo.com
I would advice you to comply with him because there are some process which you would fellow before you can get the loan...
GOOD LUCK TO YOU
Reply:Hello Dear,
I am Mr. John Clarke, the (C.E.O) of clarke loans company, i am a Reputable Money Lender, who give out loans to individuals and companies in need of loan, business loans, personal loan. We give out loan at 2% interest rate. you can contact us via clarkeloanscompany@yahoo.com
Best regard.
Mr, John Clarke(C.E.O)
Reply:Eunice J, Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will let you know if you can be approved. It will only take a few minutes.
How high does a beacon score need to be in order to co-sign for a auto loan?
Please do NOT sign for an auto loan.
The only exceptions would be for someone that has NO credit!
If a person has bad credit, they have it for a reason and they probably are not honest with you regarding what that reason is. If that person does not pay the loan the cosigner is obligated to do so.
Furthermore, the amount of that loan will be used against the cosigner if that cosigner now wants or needs to make a purchase.
I would NOT do this
To answer your question, I do not believe that there is an arbitrary number that one needs to achieve to be a cosigner. That number will vary from car lot to car lot. There are other factors to consider. For example say Betty has a credit score of 800 but she is a housewife with no independent income. Although she has a great score, she would not make a good cosigner because she has no income to 'secure the loan' if the orignial person does not or cannot pay
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:
It might really save you a lot of running around to just get an auto loan quote on the web to see what the going rates are. You might be really suprised. Also if your credit is not the best, a lot of them are more able to help people.
What I always tell friends is that an online quote at http://auto.lowratetoday.com is what I would do.
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:Hi
my name is Mrs Shirley Murphy i am a mother of tree kids i live in united state of America. Two weeks back i was in search of who will lend me $85,000USD. i came across a lady called Mrs Jennifer Jefferson who directed me to a private lender Mr Peter White. first i thought it was a scam then i thought of given it a try after i have been scam twice before. As God is on my side. Mr Peter White, loan me the sum of $85,000USD i was very happy it was like a dream to me. so my dear i would want you to contact him now. tell him Mrs Shirley Murphy whom he help with a loan two weeks a go directed you here is his e-mail: peterwhite32@yahoo.com
I would advice you to comply with him because there are some process which you would fellow before you can get the loan...
GOOD LUCK TO YOU
Reply:Hello Dear,
I am Mr. John Clarke, the (C.E.O) of clarke loans company, i am a Reputable Money Lender, who give out loans to individuals and companies in need of loan, business loans, personal loan. We give out loan at 2% interest rate. you can contact us via clarkeloanscompany@yahoo.com
Best regard.
Mr, John Clarke(C.E.O)
Reply:Eunice J, Try getting a free online auto loan quote. http://www.autoadviceonline.com/Auto-Loa... The questionairre will let you know if you can be approved. It will only take a few minutes.
Auto-loan?
My husband and I have been looking around for me a car but, his credit isn't that great. Mine is good, but I don't have a job. We went to a dealer about an hour away and instead of picking out a car first, we decided to go ahead and see if we could even get approved for a loan. We jumped past the salesperson and saw a 'loan specialist'. She pretty much lied on the application, saying I worked for a privately owned business and got paid cash for my work. I ended up getting approved with only $1,000 down. I have not gone back to pick out a vehicle or sign anything because I'm not sure how much I'm approved for but, anyway, Is that illegal, to lie like that?
I really need a car but, I don't want to have a court case on my hands in a few months down the road. The 'loan specialist' has been there for a while, and I'm sure that I'm not the first or last person she'll do this to, but I am very wary about it now..
Auto-loan?
Financially, always think of yourself first. If you buy a car from a dishonest car dealer, using borrowed money, obtained illegally, is that really a smart choice for you? I don't think so. Why would you even consider buying a car from a crooked dealer? I'm completely serious. Do you think somehow you're going to look back at the day you piled this debt on yourself and say "that's the smartest move I ever made"? Do you?
I know that's not answering yoru qestion, but it's better than what you asked for. If you make wise financial choices, you'll be rich one day. That's what people forget when they're happily signing up to buy a pile of junk car for twice what it's worth at 10% interest. At least I think so.
Financially, always think of yourself first. When you buy a car with borrowed money, you're helping the dealer and the bank. Help yourself instead.
Reply:If they would lie to the bank (their long term business associates), now you know if they will lie to you.
===
It seems like the latest trend (scam) is for dealers to get into ANY DEAL even if they know it can get backed out (only few days into a new car ownership). Then your loan get refused (even after initial approval). Then you are in a difficult situation and makes you desperate for ANY DEAL the dealer hands you.
Good Luck...
Reply:I would find another place to buy a car. You here about situations where people drive off a lot thinking they have bought a car, only to find that they have to return it because the financing did not go through after all. I fear this could end up being one of those cases.
Reply:Do not do business with people who lie. If they so easily lie to the credit company, how do you know that they are not lying to you about the car?
Reply:I was a finance director of a large dealer in Dallas for 5 years, and then switched over to being a mortgage broker for the past 4 years, so you can say that I am an expert on auto finance, and home finance. The "loan specialist" also called a "finance producer" that is helping you with the car loan, is doing whatever necessary for you to get in a car. Is it leagal? No. The only way that the car finance company would check it out, is if you defaulted on the loan, if they get paid every month then they are going to take it at face value, and you two got the car deal you wanted. You see the banks in the auto side don't verify like they do when you get a home loan, because of that, this situation would NEVER happen in the mortgage side of banking. So really it comes down to your integrity, if it were me, your husband and you are married, which makes you one in the same person, the bank doesn't look at it that way, however, so they don't understand that your husband is going to pay for the car, but your credit is what makes it avaliable to you. I hope this helps.
Alan Ford
Reply:First off, she didn't do this *to* you, she did it *for* you. You wanted a car, she falsified a document, your signature is on it. You are not some unwilling victim in the deception. If you get the car, you are attesting that all of the information on the application is true. You are going along willingly, if you go along at all. So let's dispense with the victim approach.
Second, if you keep your payments up, its unlikely that this will come back on you. If you are pre-approved, then there is very slim chance that the bank will investigate further, unless you start skipping payments. So if you go forward, then you stay on top of the payments. You should do that anyway, since its part of y our contract.
Lastly, if you are 'wary' about this, then don't do it at all. Go to an online lender like eloan.com, lendingtree.com or capitalone.com and apply for financing. Eloan and lendingtree both shop the loan to multiple lenders, so they may be your better option. Only apply to one of those three though.
If you are not approved, your next application goes to drivetime.com or roadloans,com. Both specialize in "second chance" financing. The rates will be high, but they approve loans that many others will not. So if you really NEED the car, they are an option.
Good luck
I really need a car but, I don't want to have a court case on my hands in a few months down the road. The 'loan specialist' has been there for a while, and I'm sure that I'm not the first or last person she'll do this to, but I am very wary about it now..
Auto-loan?
Financially, always think of yourself first. If you buy a car from a dishonest car dealer, using borrowed money, obtained illegally, is that really a smart choice for you? I don't think so. Why would you even consider buying a car from a crooked dealer? I'm completely serious. Do you think somehow you're going to look back at the day you piled this debt on yourself and say "that's the smartest move I ever made"? Do you?
I know that's not answering yoru qestion, but it's better than what you asked for. If you make wise financial choices, you'll be rich one day. That's what people forget when they're happily signing up to buy a pile of junk car for twice what it's worth at 10% interest. At least I think so.
Financially, always think of yourself first. When you buy a car with borrowed money, you're helping the dealer and the bank. Help yourself instead.
Reply:If they would lie to the bank (their long term business associates), now you know if they will lie to you.
===
It seems like the latest trend (scam) is for dealers to get into ANY DEAL even if they know it can get backed out (only few days into a new car ownership). Then your loan get refused (even after initial approval). Then you are in a difficult situation and makes you desperate for ANY DEAL the dealer hands you.
Good Luck...
Reply:I would find another place to buy a car. You here about situations where people drive off a lot thinking they have bought a car, only to find that they have to return it because the financing did not go through after all. I fear this could end up being one of those cases.
Reply:Do not do business with people who lie. If they so easily lie to the credit company, how do you know that they are not lying to you about the car?
Reply:I was a finance director of a large dealer in Dallas for 5 years, and then switched over to being a mortgage broker for the past 4 years, so you can say that I am an expert on auto finance, and home finance. The "loan specialist" also called a "finance producer" that is helping you with the car loan, is doing whatever necessary for you to get in a car. Is it leagal? No. The only way that the car finance company would check it out, is if you defaulted on the loan, if they get paid every month then they are going to take it at face value, and you two got the car deal you wanted. You see the banks in the auto side don't verify like they do when you get a home loan, because of that, this situation would NEVER happen in the mortgage side of banking. So really it comes down to your integrity, if it were me, your husband and you are married, which makes you one in the same person, the bank doesn't look at it that way, however, so they don't understand that your husband is going to pay for the car, but your credit is what makes it avaliable to you. I hope this helps.
Alan Ford
Reply:First off, she didn't do this *to* you, she did it *for* you. You wanted a car, she falsified a document, your signature is on it. You are not some unwilling victim in the deception. If you get the car, you are attesting that all of the information on the application is true. You are going along willingly, if you go along at all. So let's dispense with the victim approach.
Second, if you keep your payments up, its unlikely that this will come back on you. If you are pre-approved, then there is very slim chance that the bank will investigate further, unless you start skipping payments. So if you go forward, then you stay on top of the payments. You should do that anyway, since its part of y our contract.
Lastly, if you are 'wary' about this, then don't do it at all. Go to an online lender like eloan.com, lendingtree.com or capitalone.com and apply for financing. Eloan and lendingtree both shop the loan to multiple lenders, so they may be your better option. Only apply to one of those three though.
If you are not approved, your next application goes to drivetime.com or roadloans,com. Both specialize in "second chance" financing. The rates will be high, but they approve loans that many others will not. So if you really NEED the car, they are an option.
Good luck
Does having an auto loan for only 6 months help or hurt my credit score?
I'm a year or so into rebuilding my credit. I have a few revolving accounts I am doing well with. I am about to take out a student loan. I was going to buy a used car outright soon. Instead, I am thinking about taking out an auto loan for a newer used car for the credit benefits. However, I will probably only need the car for about 6 months. If I sell the car, thereby canceling the (I assume 5 year) loan after only 6 months - will this still help my credit or will it hurt it? Also, though I don't really need it beyond 6 months, I could use it for say a year. It's always possible but unlikely I would need it beyond that (live in a city). I would consider the year if that made a big difference. That may seem extreme but I would like to buy a house in the next couple years, and am working hard to build good credit. I have googled around, but have yet to find an answer to this specific question. Thanks much.
Does having an auto loan for only 6 months help or hurt my credit score?
6 months of good payment history on an installment loan is better no history or bad history.. very simple.. hope this helps
Reply:Auto finance is what I do for a living and you need to make at least 12-payments before you pay off the loan.
This is the first thing that a lender looks for when asked to approve someone is at least 12-payments made as agreed on a installment loan over $2,000.00.
12-payments will also help your credit score since a full 35% of your score is made up of payment history.
Reply:Cancel your loan after 6 months? You can't cancel a loan. You can pay off the loan and sell the car or you default on the loan. Paying off the load early won't hurt you. If you default on the loan, it will hurt your credit report.
IMO, you should buy the cheaper car and pay cash for it. Car loans are a bad idea anyway and if you only need it for a short time it is a worse idea.
Does having an auto loan for only 6 months help or hurt my credit score?
6 months of good payment history on an installment loan is better no history or bad history.. very simple.. hope this helps
Reply:Auto finance is what I do for a living and you need to make at least 12-payments before you pay off the loan.
This is the first thing that a lender looks for when asked to approve someone is at least 12-payments made as agreed on a installment loan over $2,000.00.
12-payments will also help your credit score since a full 35% of your score is made up of payment history.
Reply:Cancel your loan after 6 months? You can't cancel a loan. You can pay off the loan and sell the car or you default on the loan. Paying off the load early won't hurt you. If you default on the loan, it will hurt your credit report.
IMO, you should buy the cheaper car and pay cash for it. Car loans are a bad idea anyway and if you only need it for a short time it is a worse idea.
How long does it take for your credit score to change after getting a auto loan and paying on time?
i just got a credit card in november 2007 paid on time since just got auto loan in december 2007 paid on time i know it haven't been long since but wondering when to expect change in my current score trying to build credit up one is 639 the other too is zero i'm just learning about credit and i take it very seriously wish i would have knew then what i know now about it it's your life.
How long does it take for your credit score to change after getting a auto loan and paying on time?
It usually takes 6+ months of ontime payments to each of your accounts before you start seeing significant increase in credit score. The longer you keep perfect payments on each account, the higher your score will go though.
ginkgo
How long does it take for your credit score to change after getting a auto loan and paying on time?
It usually takes 6+ months of ontime payments to each of your accounts before you start seeing significant increase in credit score. The longer you keep perfect payments on each account, the higher your score will go though.
ginkgo
If there is a co-signer on an auto loan, whose Credit standing is going to be impacted by timely payments?
I guess the person with the highest CBR score is the one who determines the rate, but would both people on the loan have their CBR scores affected? My credit is worse than my wife's, but I am wanting to get my credit back on the positive path, and we co-signed on an auto loan. Will this help me at all, or will it be my wife who gets the CBR boost?
If there is a co-signer on an auto loan, whose Credit standing is going to be impacted by timely payments?
Yes it will give your credit a boost if you make your payments on time. Its primarily on your credit but hers just helps you become approved. It stays on hers and yours until its paid off.
Reply:Both.. Equally
Reply:Yes it will help you out if you pay on time. A co-signer is like a just in case person. Without them signing you wouldn't qualify. so just in case you don't pay the person who co-signs then is responsible and then becomes responsible and credit begins to get effective
Reply:This sure will! My dad got a loan for my car and I'm co signing it and my interest rate is based on his credit score yet the bank is taking the payment from my account and it positively affects my credit. Good going!
Reply:Both will have an effect on their credit scores.
If there is a co-signer on an auto loan, whose Credit standing is going to be impacted by timely payments?
Yes it will give your credit a boost if you make your payments on time. Its primarily on your credit but hers just helps you become approved. It stays on hers and yours until its paid off.
Reply:Both.. Equally
Reply:Yes it will help you out if you pay on time. A co-signer is like a just in case person. Without them signing you wouldn't qualify. so just in case you don't pay the person who co-signs then is responsible and then becomes responsible and credit begins to get effective
Reply:This sure will! My dad got a loan for my car and I'm co signing it and my interest rate is based on his credit score yet the bank is taking the payment from my account and it positively affects my credit. Good going!
Reply:Both will have an effect on their credit scores.
Would it be wise to pay off my auto loan when I intend to trade it in, in 1 year?
I dont know if I should go ahead and pay off my auto loan or save the money to put towards the new car that I want and then have the dealer pay off the old auto loan. Any info would be appreciated
Would it be wise to pay off my auto loan when I intend to trade it in, in 1 year?
Actually, when you take out a simple interest auto loan, you pay more principal than interest for the 1st half of the loan. If you only have 1 year left, then even though you will save some money on interest, it won't be as much as you think. You can click on my profile and go to the Auto Evaluator's website and look at the resources page. I have a graph to show you how a simple interest loan is compounded.
If you let me know your current loan information %26lt;your original amount to finance, term, and monthly payment, I can tell you ecaxtly how much you will save. Good luck and you can email me through Yahoo Answers.
Reply:It depends on the interest rate of the loan. If you have 0% or 2.9% or some other low rate, you're better off not paying your loan off early... but if you have 8 or 9% or higher... then if you can afford it, smart money would be to pay it off ASAP.
Reply:Pay off the car and keep it. Driving a car with no car payments is the best way to save money.
When you save enough money go pay cash for your next car.
Reply:Pay towards your loan you have, negative equity is really bad and drives up the % of the loan as well as the monthly payment. Try not to finance through a delaer, get the loan before you go. and also call the bank to get the 30 day pay off. Good luck, new cars depricate so buy from a rental shop or a recently used yet new car.
Would it be wise to pay off my auto loan when I intend to trade it in, in 1 year?
Actually, when you take out a simple interest auto loan, you pay more principal than interest for the 1st half of the loan. If you only have 1 year left, then even though you will save some money on interest, it won't be as much as you think. You can click on my profile and go to the Auto Evaluator's website and look at the resources page. I have a graph to show you how a simple interest loan is compounded.
If you let me know your current loan information %26lt;your original amount to finance, term, and monthly payment, I can tell you ecaxtly how much you will save. Good luck and you can email me through Yahoo Answers.
Reply:It depends on the interest rate of the loan. If you have 0% or 2.9% or some other low rate, you're better off not paying your loan off early... but if you have 8 or 9% or higher... then if you can afford it, smart money would be to pay it off ASAP.
Reply:Pay off the car and keep it. Driving a car with no car payments is the best way to save money.
When you save enough money go pay cash for your next car.
Reply:Pay towards your loan you have, negative equity is really bad and drives up the % of the loan as well as the monthly payment. Try not to finance through a delaer, get the loan before you go. and also call the bank to get the 30 day pay off. Good luck, new cars depricate so buy from a rental shop or a recently used yet new car.
When you apply for an auto loan, do you get the same answer/amount no matter where you go?
I applied at my credit union for an auto loan and they gave me an answer of X amount. If I go straight to a car dealer about car financing/loans, will they give me the same answer of X amount? That being said, is it the same everywhere or do businesses/credit unions/banks each have their own unique judgement?
When you apply for an auto loan, do you get the same answer/amount no matter where you go?
YOU NEED A PERSONLIZED BANK. WHEN IT IS ON A PERSONAL LEVEL, THEY CAN SIDESTEP GUIDELINES.
YOU NEED TO GO WHERE YOUR CHECKING, SAVINGS ACCOUNT IS.
TALK WITH A LOAN OFFICER. BE ON A FRIEND BASIS. WHEN HE SEE'S YOU AT THE STORE, HE KNOW'S YOU.
I PROMISE YOU....."PERSONAL" IS THE KEY TO SUCCESS.
MY BANKER WILL LOAN ME $10,000.00 ON A $5,000.00 CAR.
GUIDELINES, SAY NO. "PERSONAL RELATIONSHIP", SAYS ..YES.
GOOD LUCK.
Reply:No, just like banks, every loan company will compete for your business. The interest rate will usually change. However, it is within a certain figure, usualy less than 2-5% change per offer.
As to the issue of banks/credit untions and dealerships having disperate methods to apply for loans, no, it's all done through banks. But, usually, car companies (those directly sanctioned by what types of cars they represent, such as a real GMAC or a real Caddilac dealership) can provide better financing options for you, as well as give you breaks on interests, or no interest periods.
Reply:Nope. Each loan place has different standards that they rate customers by.
Reply:no. stick with your credit union. they have the lowest rate always. if you go to a regular bank or through the dealership, they will base the interest off of your credit score. yuor credit union is usually the same low interest for everyone.
Reply:No. Shop around a bit. Don't just look at the amount they lend you, look at the payments, the APR and such things as do they charge if you want to pay off the loan early. Also consider a protection policy if you are unfortunate enough not to be able to make a payment down the line.
Reply:Also, credit unions won't force you to borrow a minimum amount (i.e. $7,500). I made the mistake of going through a car dealer a few years back, I was charged 19% interest. I went to a credit union last January and was charged. 4.75%. Please stick with your credit union!
Reply:No, you certainly DON'T get the same answers and/or offers wherever you go...check around..it's called, "shopping".
When you apply for an auto loan, do you get the same answer/amount no matter where you go?
YOU NEED A PERSONLIZED BANK. WHEN IT IS ON A PERSONAL LEVEL, THEY CAN SIDESTEP GUIDELINES.
YOU NEED TO GO WHERE YOUR CHECKING, SAVINGS ACCOUNT IS.
TALK WITH A LOAN OFFICER. BE ON A FRIEND BASIS. WHEN HE SEE'S YOU AT THE STORE, HE KNOW'S YOU.
I PROMISE YOU....."PERSONAL" IS THE KEY TO SUCCESS.
MY BANKER WILL LOAN ME $10,000.00 ON A $5,000.00 CAR.
GUIDELINES, SAY NO. "PERSONAL RELATIONSHIP", SAYS ..YES.
GOOD LUCK.
Reply:No, just like banks, every loan company will compete for your business. The interest rate will usually change. However, it is within a certain figure, usualy less than 2-5% change per offer.
As to the issue of banks/credit untions and dealerships having disperate methods to apply for loans, no, it's all done through banks. But, usually, car companies (those directly sanctioned by what types of cars they represent, such as a real GMAC or a real Caddilac dealership) can provide better financing options for you, as well as give you breaks on interests, or no interest periods.
Reply:Nope. Each loan place has different standards that they rate customers by.
Reply:no. stick with your credit union. they have the lowest rate always. if you go to a regular bank or through the dealership, they will base the interest off of your credit score. yuor credit union is usually the same low interest for everyone.
Reply:No. Shop around a bit. Don't just look at the amount they lend you, look at the payments, the APR and such things as do they charge if you want to pay off the loan early. Also consider a protection policy if you are unfortunate enough not to be able to make a payment down the line.
Reply:Also, credit unions won't force you to borrow a minimum amount (i.e. $7,500). I made the mistake of going through a car dealer a few years back, I was charged 19% interest. I went to a credit union last January and was charged. 4.75%. Please stick with your credit union!
Reply:No, you certainly DON'T get the same answers and/or offers wherever you go...check around..it's called, "shopping".
Where can can i find a bad credit/ op credit auto loan?
I am looking for an auto loan to buy a used vehicle. I don't have bad credit but my credit is not established so I need help finding an auto loan.
Where can can i find a bad credit/ op credit auto loan?
I am sorry to say that if
you don't have any credit,
then creditors look at your
profile as a high credit risk
or bad credit.
Unless you can get a co signer
you are going to have to deal
with second chance creditors.
Unless, you go to a furniture store
or a jewelry store and apply for credit
threre, apply for a 2-3 hundrend dollar
credit purchase, make your monthly
payments on time and after 6 months
apply for a credit card with a $500-
$1000 limit. 6 months of good
standing with your first creditor
should earn you the right to the
credit card. After about a year
of being in good standing with
your creditors, try to apply for a
new car.
Reply:their are roadloan, capitalone,hsbc, americredit there are so many more just go to bad credit autoloan.com.
Reply:You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.
This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.
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:Usially, you can still get an auto loan even if you have poor credit. Your rate will just be higher. Check out this site for more info:
http://www.find-cheap-used-cars.com/used...
Reply:There are a huge number of banks that deal with auto loans for people with challenge credit. The two best choices are:
1. Go to a very large dealership that advertises that they help people with credit problems. A large dealership will normally have more banks they work with, more talented leading specialist on staff, and stronger relationships with the banks. (There are exceptions to this rule of thumb.)
2. Put down a large down payment. The more money you put down, the more likely the bank is to give you the loan.
Also, note two additional things:
1. Depending on current rebate offers, a new car may be easier to finance with a lower payment and lower down payment for you.
2. Some credit unions are wonderful for people with credit issues.
My advice is to find a dealer you feel comfortable doing business with. Believe it or not, there are honest auto dealers and honest car salespeople. Try to find one you instinctively feel good about. Generally, you will get the best deal from a "good person".
For car loan quote
--------------------------------------...
http://www.loansandinsurances.com/
Reply:need a bad credit auto loan.don't worry its better for you to try for an online loan.lot of banks in online lend loans even u have poor credit also.i think that the below website will help you to find right solution.
Reply:As long as you have income, you can get an auto loan.
Reply:Try http://cheaploancheck.com they should be able to help.
azalea tree
Where can can i find a bad credit/ op credit auto loan?
I am sorry to say that if
you don't have any credit,
then creditors look at your
profile as a high credit risk
or bad credit.
Unless you can get a co signer
you are going to have to deal
with second chance creditors.
Unless, you go to a furniture store
or a jewelry store and apply for credit
threre, apply for a 2-3 hundrend dollar
credit purchase, make your monthly
payments on time and after 6 months
apply for a credit card with a $500-
$1000 limit. 6 months of good
standing with your first creditor
should earn you the right to the
credit card. After about a year
of being in good standing with
your creditors, try to apply for a
new car.
Reply:their are roadloan, capitalone,hsbc, americredit there are so many more just go to bad credit autoloan.com.
Reply:You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.
This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.
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:Usially, you can still get an auto loan even if you have poor credit. Your rate will just be higher. Check out this site for more info:
http://www.find-cheap-used-cars.com/used...
Reply:There are a huge number of banks that deal with auto loans for people with challenge credit. The two best choices are:
1. Go to a very large dealership that advertises that they help people with credit problems. A large dealership will normally have more banks they work with, more talented leading specialist on staff, and stronger relationships with the banks. (There are exceptions to this rule of thumb.)
2. Put down a large down payment. The more money you put down, the more likely the bank is to give you the loan.
Also, note two additional things:
1. Depending on current rebate offers, a new car may be easier to finance with a lower payment and lower down payment for you.
2. Some credit unions are wonderful for people with credit issues.
My advice is to find a dealer you feel comfortable doing business with. Believe it or not, there are honest auto dealers and honest car salespeople. Try to find one you instinctively feel good about. Generally, you will get the best deal from a "good person".
For car loan quote
--------------------------------------...
http://www.loansandinsurances.com/
Reply:need a bad credit auto loan.don't worry its better for you to try for an online loan.lot of banks in online lend loans even u have poor credit also.i think that the below website will help you to find right solution.
Reply:As long as you have income, you can get an auto loan.
Reply:Try http://cheaploancheck.com they should be able to help.
azalea tree
Is there anyway for me to get an auto loan?
I am an 18 year old college student. I have never had a job besides Work Study at my college. I have one minor student loan and a cell phone in my name. I am trying to get an auto loan for about $5,000. My mom will pay the car payment, but she is unable to get the loan personally. Does anyone have any valid suggestions?
Is there anyway for me to get an auto loan?
Try and take out an additional student loan
I've found some good information here too...
http://auto.deal4-you.com
Hope that helps.
Is there anyway for me to get an auto loan?
Try and take out an additional student loan
I've found some good information here too...
http://auto.deal4-you.com
Hope that helps.
Is there any where that will give a auto loan to someone with bad credit ?
The car I was hoping to get is about $18,000. But, Im not sure who would give me an auto loan for that much money considering that I have bad credit
Is there any where that will give a auto loan to someone with bad credit ?
No matter how bad your credit is, there are always lenders who will give you a loan. The only problem is the exorbitantly high interest rate you will be charged, since the rate is tied to your credit worthiness.
Reply:Bad credit, and you're wanting to buy a car that costs $18000... Sounds like a great way to dig yourself into a deeper hole.
The much smarter thing to do is go for a much more modest vehicle and finance it through a local used car dealership. There are still a number of these dealers that advertise "We Finance It". Yes, the interest rate will be higher, but you'll have a more affordable vehicle and if you pay your bills on time will help to repair your credit rating.
Reply:Auto finance is what I do for a living and bad credit loans are still out there.
You need to find a large dealer that advertises Special Finance and go talk to the Manager they will be able to help you.
Is there any where that will give a auto loan to someone with bad credit ?
No matter how bad your credit is, there are always lenders who will give you a loan. The only problem is the exorbitantly high interest rate you will be charged, since the rate is tied to your credit worthiness.
Reply:Bad credit, and you're wanting to buy a car that costs $18000... Sounds like a great way to dig yourself into a deeper hole.
The much smarter thing to do is go for a much more modest vehicle and finance it through a local used car dealership. There are still a number of these dealers that advertise "We Finance It". Yes, the interest rate will be higher, but you'll have a more affordable vehicle and if you pay your bills on time will help to repair your credit rating.
Reply:Auto finance is what I do for a living and bad credit loans are still out there.
You need to find a large dealer that advertises Special Finance and go talk to the Manager they will be able to help you.
Regarding judgement for a repossessed auto loan?
If we surrender the auto back to the credit union in NC who financed it and the spouse is on the loan by himself, can they get a judgement lien on our home mortgage that we owe jointly? Also, can they garnish wages for this type of debt (auto loan)? If they sell it at an auction I realize they will come back to him for the deficiency balance but his name is the only one on the auto and everything else is joint together that we own or shall I say are paying for since we don't own our home free and clear?
Regarding judgement for a repossessed auto loan?
Auto finance is what I do for a living and they can but only if they take him to court first and get a judgment, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property he may own like cars, boats, land and homes does not matter if the property is joint.
All of this will show on his credit for the next 7 years and make it very hard to get any other type of loans without making massive down payments, paying huge fees and State maximum interest rates.
He would be much better off selling the vehicle and taking out a loan for the balance, that way his credit is still intact.
Reply:I've done this (huge mistake btw, it killed my credit for years)
But if it's your only option... let them repo it, they'll auction it off, you'll be billed the remaining balance, they do often work with you on a payment plan.they'll only lien or garnish wages, etc, if the balance is left unpaid for quite a while. as long as you make arranged payments, you'll be ok. But his credit won't. It stinks really. If possible, don't let them repo it, perhaps sell it back to the dealership or sell it privately. repo's, aside from bankruptcy and foreclosure, is the worst thing you can do to your credit... trust me, lol, I made that awful mistake, it took me years just to get my credit "fairly" ok.
Reply:If they put a judgement against him, it will go on his credit. If you try to buy anything else together, the judgement will show up. A judgement is only good for 7 years unless the company renews it again (which many companies do)...
Reply:If his name is on it, then they can go after it. House, bank account, whatever. Your name being on it too doesn't matter. You can avoid all this, plus avoid legal fees by simply paying the deficiency when they contact you and not making them sue you.
Reply:f it is a hire purchase in Uk the answer is no because until the final payment the car s on hire and after a certain period, which is in the agreement you can walk any subject to the car being left with only fair wear and tear.
A loan is a diffent matter and when they take the car back and put it up for auction I can almost guarantee that it will not fetch the amount you owe. therefore you will still owe the difference between what you owe and wha they they get at auction plus their expenses. This will not help your credit rating and they can with a Court Order garnishee your bank account, get a n attachment of earnings order or put a cgarge on your house. A far better idea to to talk to these peole before you are in arrears and you are likely to find them very helpful. Do not just surrender the car without a talk and for the love of mike listen to them take proper notes and be careful that you do not hear that which you want to here. It is suprising how often that happens. Ifthat fails talk to Citizens Advice sometimes they can help
Regarding judgement for a repossessed auto loan?
Auto finance is what I do for a living and they can but only if they take him to court first and get a judgment, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property he may own like cars, boats, land and homes does not matter if the property is joint.
All of this will show on his credit for the next 7 years and make it very hard to get any other type of loans without making massive down payments, paying huge fees and State maximum interest rates.
He would be much better off selling the vehicle and taking out a loan for the balance, that way his credit is still intact.
Reply:I've done this (huge mistake btw, it killed my credit for years)
But if it's your only option... let them repo it, they'll auction it off, you'll be billed the remaining balance, they do often work with you on a payment plan.they'll only lien or garnish wages, etc, if the balance is left unpaid for quite a while. as long as you make arranged payments, you'll be ok. But his credit won't. It stinks really. If possible, don't let them repo it, perhaps sell it back to the dealership or sell it privately. repo's, aside from bankruptcy and foreclosure, is the worst thing you can do to your credit... trust me, lol, I made that awful mistake, it took me years just to get my credit "fairly" ok.
Reply:If they put a judgement against him, it will go on his credit. If you try to buy anything else together, the judgement will show up. A judgement is only good for 7 years unless the company renews it again (which many companies do)...
Reply:If his name is on it, then they can go after it. House, bank account, whatever. Your name being on it too doesn't matter. You can avoid all this, plus avoid legal fees by simply paying the deficiency when they contact you and not making them sue you.
Reply:f it is a hire purchase in Uk the answer is no because until the final payment the car s on hire and after a certain period, which is in the agreement you can walk any subject to the car being left with only fair wear and tear.
A loan is a diffent matter and when they take the car back and put it up for auction I can almost guarantee that it will not fetch the amount you owe. therefore you will still owe the difference between what you owe and wha they they get at auction plus their expenses. This will not help your credit rating and they can with a Court Order garnishee your bank account, get a n attachment of earnings order or put a cgarge on your house. A far better idea to to talk to these peole before you are in arrears and you are likely to find them very helpful. Do not just surrender the car without a talk and for the love of mike listen to them take proper notes and be careful that you do not hear that which you want to here. It is suprising how often that happens. Ifthat fails talk to Citizens Advice sometimes they can help
Can i get a auto loan from capital one if im a card holder ?
Im a capital one card holder and i want to get a auto loan well i need to send proof of income if they already know how much i make when i got a credit card from them.
Can i get a auto loan from capital one if im a card holder ?
Most banks have different standards for loans, credit cards, etc., and also have different departments for processing and servicing the different types of accounts, so there is a good chance you will have to submit all the paperwork all over again.
Reply:as long as you are current on your monthly payments. It is recommended that you do just that!
Reply:Yeah most likely my bank did
lily
Can i get a auto loan from capital one if im a card holder ?
Most banks have different standards for loans, credit cards, etc., and also have different departments for processing and servicing the different types of accounts, so there is a good chance you will have to submit all the paperwork all over again.
Reply:as long as you are current on your monthly payments. It is recommended that you do just that!
Reply:Yeah most likely my bank did
lily
Any catches to an early auto loan termination program?
I've received an offer from a local auto dealership and they're offering to pay off my loan if I finance a new car through them - even if I'm upside down on the loan. Is there any catch to this type of program? Will they really cover a few thousand dollars in negative equity? I appreciate you sharing your experiences too.
Any catches to an early auto loan termination program?
Not really. What they do is roll the balance of your existing auto loan into the new loan. They take the excess paid over the amount of your new car and pay your former lender. That's all. You just have a higher car payment...so that's the catch. If you just have a couple thousand left to pay on the car, you're paying on the principal now and not paying much in interest. It might be worthwhile to investigate how much you'd save monthly if you can just pay the current loan off in cash and finance the new car price only. However, no...there's really no "catch" here...you're just re-financing the balance of the original loan really by rolling it into the new loan.
Reply:The dealership will not actually cover a few thousand dollars in negative equity. More likely, you will ultimately finance the amount by which you are "upside down" on your trade-in vehicle by that "negative" amount being tacked onto the price of the new vehicle. Doing this often causes one to pay full sticker price, or more, for a new vehicle. Any discounts or incentives will be absorbed by your negative equity situation. In addition, most (if not all) dealerships will discuss financing someone who is "upside down" ONLY if they are "trading up", not "trading down." In other words, if you express interest in a car that is in a more expensive price category, they are usually happy to discuss the deal with you. You will almost always come out better financially if you can sell your current vehicle yourself instead of trading it in. Good luck!
Reply:Well the fact is you can do it yourself. You can get a similiar financing from an outside bank and they usually cover the negative equity. I just did it this morning. I traded in my truck for a car and I had $4k in negative equity that I rolled on to a used Mazda 6. The dealerships will advertise this trying to tell you that they are doing you a huge favor and they make it sound like they are going to take out of their pockets and pay the loan off. However, the fact is they are going to finance the entire amount (cost of the car + negative equity) to you and charge you interest. You can do the same thing with an ouside bank. Normally all lenders have a provision for negative equity these days. For example, my lender said they can cover up to 150% of the price of the car. That is they can roll on negative equity of up to 50% of my cars value to my financing. In my situation the car value was $15,700 and the total amount that I am financing is $19800 which includes the negative equity and registration, title etc. It is not always advisable to do this kind of a thing, unless you have a gas guzzler like mine or a highly depreciating car..... It depends on your specific circumstance. So to answer your question.. any lender can do what the dealership is promising you to do... they are just doing it to get your attention and to take advantage of you.....
Reply:hi check this link its good
http://buyingandsellingshares.blogspot.c...
.
Any catches to an early auto loan termination program?
Not really. What they do is roll the balance of your existing auto loan into the new loan. They take the excess paid over the amount of your new car and pay your former lender. That's all. You just have a higher car payment...so that's the catch. If you just have a couple thousand left to pay on the car, you're paying on the principal now and not paying much in interest. It might be worthwhile to investigate how much you'd save monthly if you can just pay the current loan off in cash and finance the new car price only. However, no...there's really no "catch" here...you're just re-financing the balance of the original loan really by rolling it into the new loan.
Reply:The dealership will not actually cover a few thousand dollars in negative equity. More likely, you will ultimately finance the amount by which you are "upside down" on your trade-in vehicle by that "negative" amount being tacked onto the price of the new vehicle. Doing this often causes one to pay full sticker price, or more, for a new vehicle. Any discounts or incentives will be absorbed by your negative equity situation. In addition, most (if not all) dealerships will discuss financing someone who is "upside down" ONLY if they are "trading up", not "trading down." In other words, if you express interest in a car that is in a more expensive price category, they are usually happy to discuss the deal with you. You will almost always come out better financially if you can sell your current vehicle yourself instead of trading it in. Good luck!
Reply:Well the fact is you can do it yourself. You can get a similiar financing from an outside bank and they usually cover the negative equity. I just did it this morning. I traded in my truck for a car and I had $4k in negative equity that I rolled on to a used Mazda 6. The dealerships will advertise this trying to tell you that they are doing you a huge favor and they make it sound like they are going to take out of their pockets and pay the loan off. However, the fact is they are going to finance the entire amount (cost of the car + negative equity) to you and charge you interest. You can do the same thing with an ouside bank. Normally all lenders have a provision for negative equity these days. For example, my lender said they can cover up to 150% of the price of the car. That is they can roll on negative equity of up to 50% of my cars value to my financing. In my situation the car value was $15,700 and the total amount that I am financing is $19800 which includes the negative equity and registration, title etc. It is not always advisable to do this kind of a thing, unless you have a gas guzzler like mine or a highly depreciating car..... It depends on your specific circumstance. So to answer your question.. any lender can do what the dealership is promising you to do... they are just doing it to get your attention and to take advantage of you.....
Reply:hi check this link its good
http://buyingandsellingshares.blogspot.c...
.
Where is the best place to go online for an auto loan?
where is the best place to go online for an auto loan if you don't have great credit?
Where is the best place to go online for an auto loan?
CapitalOne has a good blank check loan program - http://www.capitalone.com. Dealers will take it because it's backed by a major bank, but you can also use it as a bargaining chip to get a better rate through the dealer's banks. They want you to finance with them because they get a kickback (all legal) or a percentage of the interest. If you do use Capital One or another blank check lender, keep it in your back pocket until the dealer has given you his final offer. Then whip it out and be ready to negogiate some more.
You can also look into Prosper, the online lender. They offer loans up to $25,000 and wire the funds directly to your bank account. They're at http://www.prosperfivestar.com
Reply:Lots of lenders here:
http://www.approvedforcredit.com/auto-lo...
Reply:try http://painintheexhaust.blogspot.com/
Reply:I got a good deal from blankcheck.com . They took the application, figured out what I could afford and used the down I had. Sent me a blank check to take to the seller and when the check was processed I had a loan contract. I had poor credit and was reestablishing my credit from a bankruptcy. My rate was resonable and the payment was affordable.
Where is the best place to go online for an auto loan?
CapitalOne has a good blank check loan program - http://www.capitalone.com. Dealers will take it because it's backed by a major bank, but you can also use it as a bargaining chip to get a better rate through the dealer's banks. They want you to finance with them because they get a kickback (all legal) or a percentage of the interest. If you do use Capital One or another blank check lender, keep it in your back pocket until the dealer has given you his final offer. Then whip it out and be ready to negogiate some more.
You can also look into Prosper, the online lender. They offer loans up to $25,000 and wire the funds directly to your bank account. They're at http://www.prosperfivestar.com
Reply:Lots of lenders here:
http://www.approvedforcredit.com/auto-lo...
Reply:try http://painintheexhaust.blogspot.com/
Reply:I got a good deal from blankcheck.com . They took the application, figured out what I could afford and used the down I had. Sent me a blank check to take to the seller and when the check was processed I had a loan contract. I had poor credit and was reestablishing my credit from a bankruptcy. My rate was resonable and the payment was affordable.
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