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.
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