auto loan questions: 2009

Tuesday, October 13, 2009

Will the monthly payment on an auto loan be higher if the first payment is in 45 days rather than 30

No. You are financing the same amount either way. What it does is stick you with 15 days interest on the total principal. It adds a couple of hundred more dollars to the back end of the loan. It's like the way that car companies used to slide in a bunch of charges that you weren't expecting, like undercoating, dealer prep, etc.

However, you should never borrow money to buy a car, anyway. Drive a piece of crap and make payments to yourself for a year. Move up to a better piece of crap and keep paying yourself for another year. Do this for the length of the average car loan, and you can have a brand new car, interest free, with no payments.

What's in my wallet - CASH!

Will the monthly payment on an auto loan be higher if the first payment is in 45 days rather than 30 days?

Probably because that if 15 more days on interest. You do not have to wait 45 days.

In fact, you can pay more at every payment and pay sooner, so that you can pay your car off sooner and it will cost you less.

Will the monthly payment on an auto loan be higher if the first payment is in 45 days rather than 30 days?

Of course, in the real world we don't send the mother and her children to work, to school, to grandmothers house, etc. in a car that could potentially break down, do we. I am the mechanic, and I drive the junky car.

Typical auto loan first payments are due in forty five days. Interest isn't an issue if you always pay more than the minimum due each month. Round up to the nearest $25 or $50 increment each month. All that is applied to the principle and shortens the term of the loan

Will the monthly payment on an auto loan be higher if the first payment is in 45 days rather than 30 days?

Probably because that if 15 more days on interest. You do not have to wait 45 days.

In fact, you can pay more at every payment and pay sooner, so that you can pay your car off sooner and it will cost you less.

What's in my wallet - CASH!

Does anybody have problems getting an auto loan because of credit issues in the NJ, NY, PA, CT area?

Doesn't everyone have a problem getting an auto loan because of poor credit issues. I say poor because if the credit wasn't it wouldn't be an issue for those who give credit.

Does anybody have problems getting an auto loan because of credit issues in the NJ, NY, PA, CT area?

It really depends on your credit score. We place customers with lendors in those areas all the time. Every lendor rates loans by what is called the repo index. The higher the repo rate in an area the tighter the lending.

I need help with getting an auto loan with no money down?

There are a lot of sales going on right now all over the US, The President's Day Sale. You just need to shop around and see the deals they are offering. Im not shore where you are from, but here in Arkansas they advertise that they will work with anybody no matter what there credit score is. One company that comes to mind is Car-Mart. Check out their site and see if it suits you.

http://www.car-mart.com/

I need help with getting an auto loan with no money down?

If you have excellent credit then the auto manufacturer's advertise 0% financing, other than that no chance at all.

I need help with getting an auto loan with no money down?

Why don%26quot;t you approach a private lender?I got my loan from a certain agency i met here in yahoo answers.Their interest rate of 0.2% is simply great..Why don%26quot;t you try there?

You can contact them with their email,richards_loan_agency@yahoo.com.

Ramifications for a cosigner on an auto loan?

My ex-wife really damaged my credit a couple of years ago. I need a vehicle now as I'm switching employer's and have to give up my company car. I make good money, so the payment is not an issue, it's just really unfortunate that my credit still suffers as a result of my divorce two years ago. My question is that if my girlfriend co-signs for me to get a favorable rate, will it affect her ability to purchase a vehicle, say a year or so down the line?

Ramifications for a cosigner on an auto loan?

only if you default on the loan

Ramifications for a cosigner on an auto loan?

Yes it can affect her, depending on what the credit looks like. Some people can finance 5 cars with only 100k income, and some can only finance one with the same income, it's how everything else is paid.

I'm a little perplexed though, you had two years since your wife damaged your credit. Under normal circumstances, while making good income, it should be fairly easy to repair after so long. Did you miss some payments since then, just finish catching up, or are we talking bankruptcies or judgments?

Ramifications for a cosigner on an auto loan?

Well obviously if you do not make the payments perfectly it will affect her credit negatively as well as yours. But there is another consideration. Her (or your) credit score is not the only evaluation criteria used in approving her future vehicle loan.

There is something called Debt to Income ratio. This is a comparison of what her income is (adjusted to net income) compared to what her payments are. When she co-signs a loan for you it is looked at like she has to make the payment, which would be the case if you don't make it. In other words co-signing your loan will count against her debt to income ratio. It depends on how much she makes and what her payments actually are, but yes, even if you make the payments perfectly, her co-signing for you can possibly prevent her from purchasing the vehicle she wants somewhere down the road.

Ramifications for a cosigner on an auto loan?

You should only have her sign if you are serious and plan to be with her long-term. If all you are looking for is a better rate you might consider just biting the bullet and pay the higher rate.

When your girlfriend applies for a loan they will consider her payment your car when doing her debt-to-income. If she has really good credit and low debt it probably will not make a difference.

There might be a situation where you will have to co-sign for her car loan to make the debt-to-income work (see first paragraph).

Ramifications for a cosigner on an auto loan?

As long as you keep up payments on the car... and this loan does not negitively impact her debt to income ratio... it will NOT affect her ability to purchase a vehicle in a year or two.

If your credit was injured a few years ago and you have since paid off all of your bad debt, you may want to consider going to www.roadloans.com

It would help your credit more to try to get financed on your own.

Just paid off a inhouse finance auto loan need advice.?

I financed a car in sep 06 i wanted to build my credit so got a loan and been making good payment on time i just payed off the loan last week and the bank told me that my loan is a inhouse finance and they dont report to the credit bureau but they can write me a letter. So i just need some advice how do i report my car loan to the credit bureau.

Just paid off a inhouse finance auto loan need advice.?

You can send copies to all three credit bureaus and ask them to add the account to your credit report.

The bad thing is that they will show the opening and closing dates of the loan but not the payment history so it really will not help your credit that much.

This is why you should never buy from buy here pay here dealers.

At what website I can get auto loan without binding me to get car at certain dealership?

Go to the web address below, scroll down to the Road loans banner.

At what website I can get auto loan without binding me to get car at certain dealership?

Capital One Auto Finance.

How long can i get a auto loan on a 2001 truck? 60 months ? 72 ? thanks?

only $11,000 on a $21,000 truck

How long can i get a auto loan on a 2001 truck? 60 months ? 72 ? thanks?

Look and shop around in www.cars.com or www.autotrader.com and get a loan from a Credit Union, never from a dealer. It is too old for a long loan.

How long can i get a auto loan on a 2001 truck? 60 months ? 72 ? thanks?

IF YOU FIND THE RIGHT LOAN SHARKS YOU CAN GET A LOAN FOR 144 MONTHS IF YOU WANT TO, JUST KEEP LOOKING.

How long can i get a auto loan on a 2001 truck? 60 months ? 72 ? thanks?

well, i am gonna go out on a limb here... why would you want a long loan on a 7 year old truck? I mean, my opinion is to get it for as short as you can.. and what 2001 truck is worth 21,000 dollars? someone better check up on a bunch of things.. even 11k might be pushing it... and mileage also has a lot to do with loans.. but most banks will not lend on anything older than 4 or 5 years old, and on those cars they lend for 24 months generally. Do your homework on a lot of things before agreeing to buy

Is it possible to pay your auto loan half every two weeks instead of once a month?

it would be easier for me to pay 200.00 every two weeks instead of 400.00 once a month,

Is it possible to pay your auto loan half every two weeks instead of once a month?

Some creditors can do this. It's popular with home loans because it results in less interest over the life of the loan. You would have to make arrangements with the loan company, because they probably have an automated system and are expecting payments of 400 bucks, and anything less can cause problems that will cause your account to become delinquent if they don't know what you're doing, even though you are current on your payments. Doing this puts an extra burden on them if they don't have your account set up this way. You absolutely must call them, see if they can do this, and make this arrangement. Don't just send in 200 bucks every two weeks.

Is it possible to pay your auto loan half every two weeks instead of once a month?

if you get paid bi-weekly do it

Is it possible to pay your auto loan half every two weeks instead of once a month?

Sure, just send them a check with your account number on it. Of course they will accpet it!!

Is it possible to pay your auto loan half every two weeks instead of once a month?

It depends if the lender will accept a partial payment. Most likely, they won't. Hey, here's a thought! Put the $200 in the bank, then when you get paid again, put in $200 more and then make one $400 payment. Simple.

Can I still approve for an auto loan with no credit?

No unless you have a large down payment or a co-signer.

Can I still approve for an auto loan with no credit?

Depends on what lender you go through. Usually, they want you to have a co-signer, or a large downpayment, or you basically have to find a car that's worth more on Kelly Blue Book/NADA (car appraisal) than what the dealer/seller is selling the vehicle for. Some lenders will give you the loan, but with really really HIGH interest rate.

Can I get approved for an auto loan?

Well I'm 19 years old and my oldest credit card is a year old now. I've had a second credit card for about 4 months.

To make a long story short, I tried desperately over the course of several months to get approved under my own name because I do not have a co-signer. 20 inquiries later and 50 points lower on my credit score, here I am still looking.

It's been about 2 months now since I stopped trying, but the two complaints for my credit denials was the limited credit history and not enough income. Keep in mind, I've been responsible with my credit and don't have a single late payment. I know that the minimum requirement is about $1500/mo. Right now I'm making 950/mo and I'm hoping to get an offer for this position that would put me at a gross of about $3200/mo. Now my question is, how long do I need to have this job before banks would approve me and would the income be enough for my limited credit history?

Can I get approved for an auto loan?

Hi,

There are lenders who will extend you a loan immediately after you have landed on the new job. You can visit http://www.autoloanguide.info for some useful tips on getting an auto loan. Good luck!

Can I get approved for an auto loan?

Why not pay cash for a good used car? Why are you in a hurry to add more payments on?

Be responsible and stay away from credit as much as possible.

How do you structure a auto loan+finance?

Hi friend getting auto loan is very easy now a days.. Approach any bank or private money lenders.In mean while just take a look at the link below to get free loan quote,

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part

my credit history is in the middle

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

Dealers make a profit from the bank if they give you the loan. That said -- my recamendation would be to go to a bank and see what kind of loan you could get. See what % they can give you etc. With that number in mind you can then make a better decision at the dealer.

I agree with the other poster - negotiate the pricing first before talking about HOW your going to finance it.

It is very possible that you could use the money you know the dealer is going to make from the bank in your favor. It might sound cheezy but you have to figure that the dealer is going to throw as many cheezy excuses at you to get more money out of you anyway, reverse that and use it to your advantage.

I used to work car sales and a lot of people would come in with a bank check or cash and think that if they can plop down the entire $20,000 right then and there in front of the salesman that they will get the best deal in the world.... dealers LOVE to finance... they make more money off of it.

Also keep in mind that a lower percentage rate doesn't always mean you got the best price. 4% on $10,000 vs 10% on $9,000.... you might have spent more on the 5% but you saved money in the long run because you only financed $9k instead of $10 (in this example only $100 but still cheaper).

Get all of the facts and figures straight before you go in and you can whittle them down and work out a number that works FOR YOU.

Never go in and ask for thier best price right away - they will never give it to you. When all is said and done if you walk out of there feeling like you got a good deal, go with that -- you got a good deal. Once the paperwork is signed try to avoid asking yourself %26quot;gee, maybe I could have ......%26quot; you will only drive yourself crazy with the %26quot;what if's%26quot;.

Buying a car from a dealer is always a game. The dealer wants to make money and you want to save money. Try to not let them flash so many numbers around that you get confused and end up agreeing to something your not sure of. And if the salesman says %26quot;yes, that is included in the price%26quot;... GET THAT IN WRITING before he takes the proposal to his manager.

Sorry if this answer is a little all over the place, there is a lot of information and a lot of things to consider when buying a car. Hope some of this information helps.

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

Research a loan yourself, you'll probably get a lower interest rate. Try your bank (or credit union) first.

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

I've always gotten a better loan from the dealer. I'm also middle type credit. As long as it is a reputable dealer. Also a lot less hassle than getting a loan prior to purchasing. Sorry but I'm the lazy type. I currently have a 4% loan which shocked me as I don't have pristine credit.

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

definitely go through a bank or credit union. dealers always have higher APRs and finance charges. you'll want something around 7 or 8% APR if possible, lower is better!

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

If you can get a loan through a credit union, try that. If not, go to the dealer and let them know what percentage rate the credit union is offering, so they can ask their banks to match (or even beat) that rate.

For example, I was rejected by my bank for a loan at 5%, but the car dealership is MUCH more motivated to finance me, so they can make the sale, so they are trying to get as close to that 5% as possible. If I can't get a rate under 7%, I'm walking.

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

Personally I've always found it better to go to the dealer. But you need to know what you are doing and understand the games they play. My credit is excellent, and I've had several banks tell me that they could not match what the dealers can do, even if I trade and want to use the same bank, they still told me to go back through the dealer for the better rate.

Just remember, negotiate the price first, then talk about the payment later. Try to take someone with you who understand financing. Look for hidden fees, the term, and the rate. Check the amount to finance. Remember that the rate is often negotiable too, some places will try to bump the rate if they can.

If you are just not sure what you are doing, it may be safer to get an auto loan at a bank.

Is it better to get a auto loan or to just go to the dealers and get the car through their loan part?

If you want to increase the profit the dealer makes on the sale, and pay a high interest rate on your loan, go ahead and do it through the dealer. If you have credit that is middle to high, get your own loan and save a little money.

Could You trade in car if your still making auto loan payments on that car?

Yes if the place you are trying to get a car at is willing to take it in for a trade and pay it off.

Could You trade in car if your still making auto loan payments on that car?

yes you sure can. the only drawback is most likely you will not get what you owe on your car. you will then tack on the amount of the vehicle you are wishing to purchase less the amount they give you for the trade

Could You trade in car if your still making auto loan payments on that car?

Yes you can, they will just put how ever much you have left to pay onto the total of the car and you would have to pay the difference.

Could You trade in car if your still making auto loan payments on that car?

Yes... BUT!

Many car lots will fold your current balance into the new loan. It is a great way to get into a newer vehicle. It is also a great way to be UPSIDE-DOWN on your loan right from the start, meaning you will likely always owe more than the vehicle is worth. Heaven help you if you trade into a lease and exceed the mileage. People often approach me looking for a cheap transportation car so they can garage their lease vehicle for a year while making payments, because of excess mileage... don't get into that situation!

Often you can do better selling it to a private party, than accepting what the dealer offers. Spend money making the vehicle LOOK clean, and it'll sell quicker and for more.

Look carefully at your numbers before trading a vehicle with a balance. Sometimes it makes sense, but a new vehicle depreciates like an ice sculpture as it is, without front-loading the financing with your last car on top of it all.

Could You trade in car if your still making auto loan payments on that car?

Yes, but in order to complete the new car transaction you must pay off the old loan in full. Either by the dealer offering you a trade in allowance or by you paying it off or a combination of both.

Could You trade in car if your still making auto loan payments on that car?

only if there going to pay it off and if the trade does paid it they will add the rest on to your new loan

Baey Area Credit Union with auto loan rates below 6%? Website please!?

Your best rates on the Internet is Capital One at this link https://www.capitaloneautofinance.com/Pu...

If you have any type of blemished credit rating dont bother, while their rates are the best they are also very picky.

Baey Area Credit Union with auto loan rates below 6%? Website please!?

http://www.creditunion.coop/cu_locator/i...

use this site, you'll enter your zip and give you all of your local credit unions. I'm sure you'll find a couple, rates in my area are around 5%. in the U.S. credit unions have the best rates, capital one can't compete.

I co- signed on an auto loan with someone and they don't want to refinance so I can get my name

John is so right. NEVER NEVER Co-Sign. I wouldn't co-sign for my mother. They have the co-signer idea for only one reason. it's called %26quot;Another way to get someone into a Vehicle other than the right way%26quot;. If you co-sign, and they get into an accident the people can sue you too even if you were'nt in the car. There is nothing good about co-signing. The only way is to refinance. A lawyer is probably not going to help.

I co- signed on an auto loan with someone and they don't want to refinance so I can get my name off. HELP ME!

You are sooo screwed. I hope this is a lesson you will never forget. By chance can you sucker anyone else into co-signing??? If they had a strong co-signer maybe someone would refinance them. Other than that...I feel for ya.

I co- signed on an auto loan with someone and they don't want to refinance so I can get my name off. HELP ME!

%26quot;They%26quot; being a bank or a loan company?

Try another one. Lots of banks and credit unions out there.

Don't co-sign anybody in the future. If you co-sign, you agree to be responsible if the other person can't pay up. Looks like you KNEW that going in but didn't think it's going to happen. Well... now you know.

I co- signed on an auto loan with someone and they don't want to refinance so I can get my name off. HELP ME!

If there was much money envolved, get a lawyer. If not you're stuck. Rule #1, Never co-sign for a loan for anyone, including relatives. That is if you don't mind being stuck for the whole loan. Rule #2, Don't forget rule #1.

Can I get an auto loan with bad credit-past due child support?

Let me tell you my problem:

I want to purchase a vehicle but I'm worry about my credit. I have past-due child support that I just start paying after I got my new job. I was wondering if that will hurt me or count against me from not getting a loan. I recently apply with a bank to get a loan and they approved me for $13000 APR is around 15%. They just need to verify some more info about me. I'm worried that if after I talk with them they might not approve the loan. Has anybody been in a similiar situation like me? Please respond with feedbacks so I have an understanding on what to do before I waste my time at the bank.

Can I get an auto loan with bad credit-past due child support?

In NJ even if you are making your payments but your arrears are over $1000 your account will be reported to credit agencies... Most states have similar rules except that the amount varies.. Call your child support office and find out weather your account has been reported. --- If u already started making payments on your account you can tell the bank to call the child support office to verify the status and the office may be able to fax something over to them stating that payments have started coming in.

Can I get an auto loan with bad credit-past due child support?

hahaha good luck

Can I get an auto loan with bad credit-past due child support?

Yes because a car acts as collateral you can get a loan. Just don't expect to buy a Jag or something try getting one here

http://www.fast-auto-loan.net

Can I get an auto loan with bad credit-past due child support?

I know with bad credit you can, but i dont think they will with past-due child support. Or you can go to a buy here -pay here, they will probably finance it for you

Can I get an auto loan with bad credit-past due child support?

create and new identity and dont mess it up- as long as your being honest with the new id i see no issues and dont screw it up

i always rec- you use a deceased party to crreate new identity

Can I get an auto loan with bad credit-past due child support?

Usually child support does not go on your credit report unless it goes through some kind of banking process.The state usually handles CS and they just come get you if you don't pay.You can always get a car at a on the lot finance company,you just pay a little more in interest.

Can I get an auto loan with bad credit-past due child support?

Check this place out. All you need is a job.

http://creditoffernow.com/autoloan

Can I get an auto loan with bad credit-past due child support?

Past due child support genenerally is not on your credit report unless you are SERIOUSLY delinquent. Don't worry about it. You will find some bank or corporation to finance - you might just have to pay a higher interest rate. Good Luck!

Can I get an auto loan with bad credit-past due child support?

These articles should help you:

Unsecured Debt Consolidation Loan For All

http://www.askaquery.com/question/Unsecu...

Regain your financial status with Debt Consolidation Loans

http://www.askaquery.com/question/Regain...

Debt Consolidation Loan for Bad Credit

http://www.askaquery.com/question/Debt-C...

Where can i get an auto loan with not enough credit history?

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...

Where can i get an auto loan with not enough credit history?

The best thing for you would be to have a cosigner, I assume that youre pretty young since you dont have much credit history. this will help you build your credit too.

If you want to do it alone, most loans go off your FICO score, which is the mean (average) credit score from all 3 creditiors (Equifax, Transunion, and Experian).

Also check your credit reports. You can actually get a FREE

online credit check here: https://www.annualcreditreport.com/cra/i...

this is from each one of the creditors you can view online what is on there(i.e. late pymts, inquiries,revolving accts), however it wont give you your credit scores.

Go to www.myfico.com and you can order your Experian's credit score for a sign up 30 day trial, cancel before it ends and u wontbe charged. if your credit score is above 675 you are eligiable for low interest rates and then you should apply for a loan eiather at a credit union(best interest rates) or at the dealership (depending if your credit score is above 675).

My friend got a personal loan from a credit union, and it ended up that the interest rate was better at the dealership...

good luck, hope this helps.

Where can i get an auto loan with not enough credit history?

great lender list for auto loans even with min. history

http://www.wesayes.com

Where can i get an auto loan with not enough credit history?

You should try to get a loan through the car dealership you are buying from. But, if that doesn't work, this site might have some helpful information for you about car loans. Good luck! http://loan.divinfo.com/

Where can i get an auto loan with not enough credit history?

Go to http://www.a1creditoffers.com

auto loans for good and bad credit

Where can i get an auto loan with not enough credit history?

Try below, they are a free consumer site that has a list of car loan companies that will finance you with bad to no credit. Good Luck. I have been there too.

The interest rate of an auto loan was 7 7/8 last month. This month the interest rate is 9 3/4...?

HOW MANY PERCENTAGE POINTS HAS THE INTEREST RATE INCREASED? Please explain :)

The interest rate of an auto loan was 7 7/8 last month. This month the interest rate is 9 3/4...?

The answer is simply 9 3/4 - 7 7/8.

For an explanation of percentage points check out...

http://en.wikipedia.org/wiki/Percentage_...

What qualifications do you need to get a succesful auto loan from wells fargo?

Heres a little inside info, im 18 and new to this kind of stuff, I need to get into a car fast but dont want to go to one of those tote the note places.I dont think i have any credit, i think. And im only bring in about 1200-1400 monthly. What do i need to get this. and if i cant, whats the best alternitive.

What qualifications do you need to get a succesful auto loan from wells fargo?

Chances are if you are 18 you really don't have a credit file, so Wells Fargo will not give you the loan. However if one of you parents would co-sign the loan then they would, providing your parents have a good credit score.

It's hard to establish good credit when your young because you don't have credit so no one want to give you any credit. If you need to establish a credit history, and a real good on DON%26quot;T get a credit card.

Go to your bank, take in lets say $1000.00 and go see the loan officer. Ask the loan officer if he would loan you a $1000 Dollars on a $1000 Dollars of collateral. Take the $1000 you brought in and give it to him to put in a 12 month CD and use the CD to secure the loan.

Now, make you loan payments for 6 month on time, preferably direct transfer from your account, and ask him to refinance the $1000 dollars again on the say CD as collateral. If you do this about 3 times over 18 months and never miss a payment this will definitely drive your credit rating way up. And it establishes good payment history at the bank. At this point if you are still working at the same job the bank will most likely lend you the money to buy a new car, even though it would be cheaper generally to finance with the car dealer. They usually have a interest rate of 2.9% for 60 month verses 6.75% for 60 Month. Oh I forgot to mention, that the loan you took out, well with the money in the CD will offset the interest from the loan all but about 2.3%.

Good Luck

What qualifications do you need to get a succesful auto loan from wells fargo?

Auto Loan Guide: http://autoloanguide.automobil... Report It

What qualifications do you need to get a succesful auto loan from wells fargo?

Auto finance is what I do for a living and wells Fargo requires at least a 540 score, they only look at Transunion and you need at least on existing trade line paid 18-times like a car, boat, furniture, home or personal loan.

What qualifications do you need to get a succesful auto loan from wells fargo?

Stay away from tote the note if you can. The rates are out of control. Your income is low, but make sure you include everything you can from roomate income, to familu support to grants. They may not count it, but it can be counted as a compensating factor. Of course decent credit is must...check out myfico.com for info on credit scoring.

What qualifications do you need to get a succesful auto loan from wells fargo?

Well, you're main problem is that you are too young to have established a credit line that a reputable company will require. Some companies will even deny loan requests if you have excellent credit but an excessive amount of student loan debt ( even if you've always paid), so just keep that in mind as well. Also, most companies want to finance loans for at least $7,000 and up with intrest based on your credit score. Based on your age, income, and lack of credit...it dosen't look good.

Has anyone applied for an auto loan thru Fundingway.com and gotten approved?

Sounds like fraud to me! You find alot of this kind in the internet.

Has anyone applied for an auto loan thru Fundingway.com and gotten approved?

I'm wondering the same thing ?

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just che

credit score and my transunion score is 721 however my equifax which i was told most car lenders use is 661. My debt to income ratio is around 43% and they require a 0-45% to get the 5.99% rate. I am hesitant to apply because i don't want to be denied the 5.99% but i desperately need a car. How can i convince the bank to give me a 5.99% rate?

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

Auto finance is what I do for a living and different lenders use different bureaus depending on State and Zip code.

With your scores you will not have to prove income so simply adjust what you make a month before taxes to be where you need to be.

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

If you are going to use debt to purchase the car then my recommendation would be to try and get the debt to credit ration down a bit, maybe to around 30%. That way you would feel more comfortable. And it might give you time for the Equifax FICO score to rise.

An even better option (in my opinion) is to not use financing at all. I would save up my own cash and purchase the vehicle outright. It may not be the one you want, but you won't have any car payments. With the payments I would be making to the car I would save that money towards another, better car maybe 3-4 years in the future.

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

Just ask they probably will

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

is there any way you can hold off on buying a car and get your debt down to about 30%

you may still have a good chance of getting approved but you could go to your credit union and speak with the loan officer and tell him/her what you have on your report before filling out the application

the loan officer will be able to tell you rather or not the possibility of getting approved

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

I agree with Jeremy. Get a cash car. It'll get better gas mileage if it's not dragging a payment book behind it.

You'll never get ahead financially making payments.

No payments = cash in the bank.

Iam trying to get an auto loan with a credit union with an interest rate of 5.99% however i just checked my?

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://best-loans.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.

What is the highest legal auto loan APR for georgia?

even with bad or little credit, we were quoted a payment of 533 a month for 72 months. The car is worth 22k (inc taxes) but we are putting 5k down on it. I figured it out to be 34.75%, that can't be right can it?

What is the highest legal auto loan APR for georgia?

I tried to post this on the other question but for some reason I can't on Answers right now but here is what I found (also emailed to you):

7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest (Interest = Principal * Rate * Time) in written contract.

搂7-4-2 (Check: http://www.lexis-nexis.com/hottopics/gac...

Check the code provided, it won't let me give direct link.

This depends all on what is written in the contract. This might be legal and it might not depending on what's written. If it is indeed legal then sell it quick because that's over double what you paid for the vehicle and pretty ridiculous.

How do I get a auto loan?

I have no credit and both my parents aren't able to co-sign

How do I get a auto loan?

Develop a relationship with a credit union. Start building a savings and get to know the loan officer. Make an appointment with a loan officer and ask them what it would take to get a loan with them. They will tell you.

How do I get a auto loan?

I don't think you have a chance but try anyway. My son sells used cars and sometimes it amazing what a credit manager can do because he deals with the same lenders every day. Expect high interest rate and may be not exactly what you want but try. It is not the salesman but the credit manager that can make something happen Good lick

How do I get a auto loan?

go to a bank.

The interest rate on an auto loan was 7 7/8% last month. This month, the interest rate is 9 3/4%?

How many percentage points has the interest rate increased? (please explain how you solve this problem).

The interest rate on an auto loan was 7 7/8% last month. This month, the interest rate is 9 3/4%?

im not gonna do it for you cuz 1) you have to learn it 2) i suck at math

but i do know that to add or subtract fractions, you need to have common denominators. thats that cool number on the bottom. so you what number do you multiply 4 by to get 8? once you find that, take that number and multiply both parts of the fraction by it. 3*that number and 4* that number. so then you have a number over 8 for both fractions. then you take the 9 and the fraction minus the 7 and the fraction. thats your answer. good luck with your hw :)

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes it will affect application for a loan big time.

To understand how and why check this link on my website http://www.usedcartips.org/CREDI.html if you have blemished credit website will teach you how to repair your credit score.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Auto Loan Guide: http://autoloanguide.automobil... Report It

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Each time your credit is checked, your over-all score does go down.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes. Any time a agency checks your credit it lowers your score by about 2 points. This is because the mathematics involved make the reporting agencies think that you are trying to obtain more credit.

Good luck!

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

every time some one checks your credit it drops.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

what you should do is before buying get a copy of your credit score so you know who will finance you with a pre approval. If all these companies are looking at your credit that tells me they are trying to get you financed.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

YES it does.

What most dealers do is that they shop your credit around to get the best rate(but not always for you) for the dealer to make the most on the financing, yes you may get a good rate but dealer gets a better one. And your score goes down.

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

They would have to take you to court and win. Only the courts can garnish your wages.

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

no not a chance! only government related situations like alimony, taxes, stuff like that. thats the only way they can garnish anything.

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

yes but they have to take you to court and notify you of it. File bankruptcy now.

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

Not only can they garnish your wages, they will come and reposess the car...sell it at auction and you will be responsible for the difference of what they sell the car for and what is actually owed. This can be a bad situation. You will still owe on the car but not even have the luxury of having it. I suggest you get back on track and make your payments

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

No they can't but they can repo your car and take it back

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

A garnish is a substance used primarily as an embellishment or decoration to a prepared food or drink item.

garnishee (v.) To seize by garnishment: garnishee a debtor's wages.

So no, they won't garnish your wages. But when you purchase an automobile on credit, the lending company remains the legal owner of the vehicle. If you don't make payments as agreed, they can and will repossess the vehicle and sell it at auction. The cost of taking possession of the vehicle and attorney's fees will be added to the amount you owe. After the sale if there is a balance left that you owe, they can go to court and attach (garnishee) your wages for the amount owing. If you want to avoid this, make the payments.

I owe money to a auto loan company Can they garnish my wages if I don't pay what I owe them?

no but they can repo your car

How can I find an auto loan with bad credit for AutoTrader.com?

I found the perfect car for me on autotrader.com , however I can't find anyone to finance me. I tried several places but they just referred me to dealers in my local area.

I was approved by the local dealers but the car I want is in another state.

Is there anywhere online that can finance me without sending me to a local dealer? None of the local dealers have what I want.

Please help

How can I find an auto loan with bad credit for AutoTrader.com?

The dealer who is selling the car should be able to secure financing for you even though you don't live in state. Most lenders are national or darn close to it now. If not try capital one auto loans they will issue you a check to bring to the dealership. Good Luck!

How can I find an auto loan with bad credit for AutoTrader.com?

At the dealership where I work, several out of state buyers purchase vehicles from us via Ebay.

Many times, I arrange the financing for them using one of my lenders, that would be your best bet.

Contact the dealer advertising the car on autotrader, and see if they can help you with your financing.

If not, you have a couple of options you can try. All will approve you, issue you a draft, just give it to the dealer, and your done.

They are;

Capital One - www.capitalone.com

Road Loans - www.roadloans.com

HSBC - http://www.hsbcusa.com/auto_loans/new_an...

Hope that helps

How can i get an auto loan with extremely bad credit?

I am trying to buy my friends 2003 mazda speed protege.

How can i get an auto loan with extremely bad credit?

Hi I handle loans for a used car lot and can tell you it will be hard to do with bad credit. You might try local loan companies in your town if you have a good size downpayment. Also, if you have someone in your family with good credit, try might could co-sign for you maybe at a bank which will give you lower rates and payments. hope this helps, if does not work try a car lot that rents to own.

How can i get an auto loan with extremely bad credit?

You can't. Good luck though... :-)

How can i get an auto loan with extremely bad credit?

www.credityes.com

How can i get an auto loan with extremely bad credit?

Obviously, you need to fix your credit first. It takes discipline, time, and hard work. I hope you learned from whatever mistake you may have made to get you in your current situation. Start off with any car you can purchase with cash and work your way up from there.

I cant pay for auto loan anymore please answer thanks?

okay this is my sittuation all my money has to go litteraly towards my fathers health he has thousands of dollars worth of bills wich insurance wont cover or any program so i need all the money i can get to help my father so it came down to my car or his bills and test so i cant pay my car anymore i have to help him what can i do how can i return my car someone please advise me on what will happen and what can i do thanks

I cant pay for auto loan anymore please answer thanks?

I can understand why you will not not want to make further payments, but to answer your question in a proper manner its missing detail.

Year - make - model - miles - finance or lease - balance payout - how is your credit rating - whats your current payments - whats your interest rate - how many payments remaining -your zip code

If you stop payments, it will end up a REPO and your credit will be blemished for years to come, if there is a way out I will know the answer but I really need detail.

If you want my input answer the questions I asked and add anything you think I should know, you can contact me through my website http://www.usedcartips.org/

PS...on subject line enter ' just me from yahoo ' I get much junk mail...lol

I cant pay for auto loan anymore please answer thanks?

I had money owing on my car, i sold it to a car dealer, they paid off the loan and i got back the difference.

Good Luck

I cant pay for auto loan anymore please answer thanks?

The best thing to do is to sell it on your own. You will get more than selling to a dealer. In the event you cannot sell it for what is owed, work something out with the finance company, they may help.

I must strongly discourage you against surrendering the car. Many people in you situation will do so, and it's one of the worst things you can do. Your credit will be destroys for years to come.

Which bank is good for auto loan?

check with your local Credit Union and maybe your regular bank and compare interest rates

Which bank is good for auto loan?

Capital One

Which bank is good for auto loan?

TRY THIS FIRST AND GOOD LUCK.

http://www.bankrate.com/brm/rate/auto_ho...

Which bank is good for auto loan?

Yes Capital One is one of the leaders on the Internet getting a free quote, however they only deal with people whom got good credit, here is the link for a quote https://www.capitaloneautofinance.com/Pu...

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

Say the vehicle is $75,000.

If the person upheld their part of the deal (making full payments on time) would there be any drawbacks for the cosigner? For Example: I was wondering if the cosigner had a business opportunity and went to get financing would it look bad for him that he is cosigner for someone with no credit?

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

The credit history of the person who needs the co-signer doesn't matter in any decisions about the person who co-signs.

Assuming that all payments will be made on time, the credit history of the co-signer will only be enhanced.

However, the loan will show up on the co-signer's credit report, and any required payments will be counted as part of the debt to income ratio by a potential lender. Especially if the payments are high, as they would be on a $75k car loan, this would be a large risk to the co-signer if there is any possibility that the co-signer will need to borrow money during the term of the loan.

Because the co-signer is legally responsible for the loan, lenders will not accept the explanation %26quot;But, I'm just a co-signer - my buddy makes all the payments.%26quot;

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

On your net worth, they'd subtract the amount owed on the loan from your credit score.

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

As long as your friend's payment are on time there shouldn't be any problem as far as I know.

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

Holy c.rap....... I can't get past a vehicle that cost $75,000 or that ANY BANK would even allow someone with absolute any credit to even ATTEMPT to get a loan on a HOUSE, let alone a car for that price.

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

if the person who needed a co-signer pays on time and is not in default, the co-signer is fine.

The only reason for a co-signer is if the signer is delinquent, the co-signer is responsible for payments.

P.S.

$75K for a car?!!!! thats no car...thats a Ferrari!

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

It WILL show on your credit score if it's reported, which most loans are, and you're trusting someone else to keep it going. What if they are in a accident and can't work or they turn up missing???A friend of mine lost her butt doing this. The relative she cosigned for committed a crime, using the car she cosigned the loan for. He went to jail, they came after her, tried to ruin her credit and the whole time, the car was impounded for evidence by the police dept. They kept it for over two years. They tore the car apart and she still had to pay the loan. Ruined a nice Camaro and almost ruined her credit.

If someone cosigns on an auto loan for someone with no credit is there any draw back for them?

Yes, there are drawbacks. It could affect the co-signer's credit score because he now has $75k more in debt than before. Also, if the person with no credit decides not to make payments (for whatever reason) the co-signer is responsible or it will affect his credit. The co-signer should probably ask the person without credit to be a very short term loan, which would mean higher payments.

If there is a business opportunity, the financiers would take into account the $75k loan and count that as part of the co-signer's debt.

It's a definite risk. Sometimes this kind of thing works out but usually it doesn't. Good luck.

When you finish paying an auto loan to the back how long until they release the title?

Should take no longer than 2-weeks.

If you have not received it by then, call them.

When you finish paying an auto loan to the back how long until they release the title?

In Wisconsin it takes less then a week.

When you finish paying an auto loan to the back how long until they release the title?

When I paid off my truck I received the title about 14 days later. It will vary depending on who your finance company is. Call them and they should give you a time frame

When you finish paying an auto loan to the back how long until they release the title?

Since the bank had a lean on the title they may have it there an you can just pick it up or have it mailed.I'd call an ask them if they have it.

How Can I get an auto Loan with no Credit history?

I am about 20 yrs of age do not have an option for a cosigner and finally found the car I want after mths of research its about 14K w/o interest, I only have about a grand in cash saved up. I do have a car but, it went through in-house financing w/ was not reported to credit bural...Anybody know what 2 do?

How Can I get an auto Loan with no Credit history?

Most car sales people will do anything possible to help you buy a car, but you must make the payments or you will be in big trouble and won't have a car either. ~

How Can I get an auto Loan with no Credit history?

Talk to a car dealership. They will be willing to help you out with the car as collateral. It will be hard to get a bank loan for it.

How Can I get an auto Loan with no Credit history?

If you have difficulty finding financing, try your own bank or credit union. Credit unions, especially, are often willing to work with members who have little or troubled credit. Things like your work history and length of time at your current address may also affect your ability to find financing.

How Can I get an auto Loan with no Credit history?

This article really tells you exactly what you are asking, read it, and I hope you pick me as the best answer :)

http://www.mintcreditrepair.com/bad-cred...

How Can I get an auto Loan with no Credit history?

Apply for a loan online first and then buy the car. Under my profile there is a finance tab that has more information on this if you need it.

How Can I get an auto Loan with no Credit history?

Hello,

This is Mr Terry Ballack.I am a legitimate loan lender who gives out loan at a very low interest rate of 3%.Are you financially down?Do you want to pay up your bills?Do you have a very low credit score and you do not have a job.Come today and apply for a loan for a minimum duration of 12 months and a maximum of 14 years.I do give out loans from the range of $3,000 to $10 million dollars.I will be expecting your mail oon with the amount of loan you need so that my loan terms and condition can be emailed to you.Contact me via email at terryballacklender@yahoo.com

Thanks for your understanding.

Mr Terry

Does anyone know of any auto loan companies that don't require collision insurance?

The bank of MoM and DaD

Does anyone know of any auto loan companies that don't require collision insurance?

No, from my experience they all want you to have collision to protect their property...it's theirs until you make that final payment.

Does anyone know of any auto loan companies that don't require collision insurance?

you can try just getting an unsecured personal loan to pay for your car rather than a standard auto loan, this way there is no relation between the loan and the car.

Does anyone know of any auto loan companies that don't require collision insurance?

They want insurance to protect their property. If you lent somone 10K would you want them to have insurance to protect your collateral? You won't find one I promise

Does anyone know of any auto loan companies that don't require collision insurance?

You are asking someone to loan you money to buy a car. The security for the loan is the car itself. Any lender will demand that their interest be protected by insurance, and most will specify minimum coverage and deductibles.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit

YOU ARE LUCKY YOU GOT A LOAN IN THE FIRTST PLACE .

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Try a credit union. Usually they are able to offer better rates than Banks. The key is to get a lower interest rate, even if it is 5% lower that will save you quite a bit.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Sell the car and do the following in order of preference

1. Walk

2. Catch a train

3. Buy a cycle

4. Buy a scooter

Save enough then buy a car.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

If you're a member of a credit union they might be able to drop your rate down 1% or so under the average. Credit Unions DO go by your credit score as well as other lenders.

You may just want to have someone else assume your loan and get rid of your car if it is causing you that much of a hardship. Sadly it's a tough price you pay to live beyond your means.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

You have to improve your score. Nothing else will really help much.

Trying a credit union is a good idea but they may be unwilling to lend if your credit is that bad.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Before refinancing your auto loan you should read the 3 tips at http://www.loan-information-center.com/A... which includes ideas for increasing your credit score and getting the best interest rate possible.

Car trade in and current auto loan?

I am thinking about trading in my 2007 Corolla for another car. I didn't want to buy a 2008, I just wanted a new 2007 car. The cars I am looking at cost more than my Corolla(KBB price for the 07 Corolla CE is a high $14K), I wanted a car that has a little more speed and power. Now as far as financing is concered, can I stay with my current bank? Or when I trade it in, do I have to do a whole new credit application? I bought the car in June 2007 and I've been very good with the payments, and I was going to start shopping in May and do the trade in June again. My car is still in great condition as well. Can someone give me a quick run through of the process in %26quot;girly%26quot; terms?

Car trade in and current auto loan?

Unless you made a large down payment or had an expensive trade-in when you bought your Corolla, my guess is that you are upside down on your loan, meaning that you owe more than the car is worth. If you trade, the dealer will roll your negative equity into a new loan and your payments will be higher than you probably expect because you'll be essentially paying off two loans at the same time. You might be required to make a large down payment to offset the negative equity.

Yes, you can get a loan with the same bank, but they'll have to check your credit and get a new application. It's like starting over again. You can't just change vehicles on your old loan.

Honestly, your best bet is to simply stick with your current car until you can get out of your upside down situation -- assuming you are in an upside down situation.

Car trade in and current auto loan?

I have the exact same problem. I have an 06 Corolla CE and I want something a little nicer. Luckily I put down a good down payment so my car is worth more than I owe. If your in the same situation I would sell it yourself..you'll get more money. If you owe more than it's worth you'll proably have to trade it in and take the loss which will be rolled into your new loan. If you financed the car yourself (and not through the dealer) you should be able to use the same bank. Hopefully they give you the same interest rate or a better one than you had before. Call them and get the payoff amount and compare it to the value of your car. I would used Edmunds.com...KBB prices are always too high. Remember a dealer will only give you wholesale for your car...nothing more. You can get an extra 1500-2000$ selling it yourself. Get a Civic SI..that's what I'm getting.

Best place to get an auto loan. Not much credit.?

I'm 18 with good credit for someone my age but not enough to be financed through my bank. I would like to get the car under my name even though it would be me and my fiance's so we would have no trouble making payments between the two of us. What would be the best place to go?

Best place to get an auto loan. Not much credit.?

Buy here, pay here.. they help repair your credit.

Best place to get an auto loan. Not much credit.?

Find the local advertisers for the car dealerships. Often Kia will say $200 down and a paycheck will guarantee you a loan. If your credit score is over 600 you can qualify for a GM loan, if not don't bother with GM or Ford. You will want to see if you can get a cosigner or buy a used car - or find out if places offer special financing.

Best place to get an auto loan. Not much credit.?

Your best bet may be to try financing through a credit union or buying from a private owner. The dealership could finance you as well or broker out to a finance company for you. But you should try a credit union 1st. Financing will be cheaper and payment options may also be flexible as well. You could also have a co-signer as well, but those don't always go well.

Good luck

Best place to get an auto loan. Not much credit.?

Banks, credit unions, or dealers. The important thing is to shop for the loan just as much as you shop for the car. Some new car dealers will offer low interest rate loans on new purchases, but check how much you'd save by buying one a year old. That may be your best deal ...

How do you get an auto loan if your gross monthly income is $1000 or less?

I live in charlotte NC and i have no down payment or cosigner.

How do you get an auto loan if your gross monthly income is $1000 or less?

Go to a lot that does %26quot;buy here/pay here%26quot;

Upside: They will probably be able to sell you a car and you make payments to them.

Downside: You probably can't get much of a car and the interest rates are pretty high.

Consider saving up some money and buy a cheap car for cash.

How do you get an auto loan if your gross monthly income is $1000 or less?

Do you have anything for collateral?

How do you get an auto loan if your gross monthly income is $1000 or less?

i'm sorry sweetie, but unless you have outstanding credit or a full down payment, i don't think they'll even consider you. btw, if you earn less than $1000 a month, how do you expect to pay for your tags, title, and registration, and car payment. not to mention the insurance you're gonna need?

How do you get an auto loan if your gross monthly income is $1000 or less?

you will have to settle for the used geo instead of the new bmw.a lot of used car dealers will finance no money down,but they inflate the loan pretty bad.

About my auto loan?

The bank already did the employment part, now they want my W-2 form, and i fax it to them. Why did they need that information? What should happen next? Do you think that will be it when i called they said that was all. Or do they have to call the IRS also? I really need a car. (Application still in process) Navy Federal Bank

About my auto loan?

As long as the information on the W-2 matches the information you put on your application, that should be it.

About my auto loan?

You should call the bank and ask for details about the loan process and expactations for timeline.

How can I get an auto loan if I get paid in cash?

If you have an excellent credit history they may just go on %26quot;Stated%26quot; income. However, in most cases you can expect them to request pay stubs. If you don't have Pay Stubs, such as if you are an Independent Contractor and get a 1099 instead, they will probably ask for previous years tax returns and/or bank statements. You are declaring all of your income, right?

How can I get an auto loan if I get paid in cash?

IN UK doesn't matter if you get paid in cash, cheque or BACS system direct into your bank account. The fact that you're in receipt of regular income is what matters. Submit payslips as evidence. If you don't get payslips but are paid cash because employer doesn't want to pay tax and you don't want to pay tax, then you should be able to save what you should be giving up in tax and get the car without a loan.

How can I get an auto loan if I get paid in cash?

It's going to be tough. If your employer confirms your income by letter, then that's a great stepping off point for the IRS to start an investigation.

Without the letter, you are for all intents and purposes unemployed.

Usually people involved in the underground economy, stay underground whether buying or selling.

How can I get an auto loan if I get paid in cash?

Find a local credit union or bank, and ask them that exact question.

Any specific answer you get from anyone else may not work where you are at. Organizations that loan money for things like car loans will have a whole bunch of reasons why they do (or do not) loan you the money.

Go out tomorrow, go to a couple of loan places (again, like a bank, credit union), and just ask them.

Also, if you get paid in cash because you don't pay taxes or report income (and you are required to by law), then you should go talk to a lawyer about your situation first.

Good luck.

How can I get an auto loan if I get paid in cash?

If you've got a stable job with a good source of income, you might be able to apply for a loan through a website called Prosper. This site is a People-to-People (P2P) lending site where individual borrowers join in on the loans to help fund yours. The following is a link of a group that can help to walk you through the whole process:

http://www.prosper.com/groups/group_home...

Best of luck

Do you have to pay auto loan while in the airorce?

I assume you mean the Unted States Air Force. All USAF personnel, officers AND enlisted are obligated to pay all of their debts under the conditions the debts were made. In addition, if you do not pay your debts while in service your commanding officer will receive a letter from your note holder(s) and you will be closely counseled. In some cases it may even be necessary for the military to %26quot;attach%26quot; your salary for the amount you owe.

Is betther to get a auto loan from a bank or from the dealer?

It is best to INQUIRE about interest rates with YOUR available lenders BEFORE you go to a dealer.

That way you already know what the HIGHest interest rate that you can get is

More often than not, dealers have many more lender sources than you %26amp; can often beat the interest rates that you can acquire on your own.

If the dealer can't meet or beat the rate you get on your own...than that rate is now becomes the LOWest.

And if it is a brand new vehicle or a certified used vehicle at a new car dealers lot....often the manufacturer will subsidize the loan %26amp; give superlow interest rates or 0% interest rates.

NONE of your lenders will offer that! (unless, of course, you have a personal loan with a rich relative...LOL )

Is betther to get a auto loan from a bank or from the dealer?

Banks are usually better than Dealers, Credit Unions are better than Banks. Grandad, is the best terms ever!

Is betther to get a auto loan from a bank or from the dealer?

Ditto to above. But you have to shop around. Not all banks are better, etc. And I never knew my grand daddy.

Is betther to get a auto loan from a bank or from the dealer?

Depends on interest rates but I think probably your bank, look into how much interest you would have to pay back and if fixed rate. If you can hold off and save up for a second hand car much better in long run and no debt :)

Is betther to get a auto loan from a bank or from the dealer?

The answer to this question is not as straight forward as you might think. There are a lot of variables to consider.

-If you qualify for a special promotional rate you can閳ユ獩 beat the dealer. The 0%, 1.9% and so forth rates even beat paying cash as you can make more interest on the money than you are paying as you go along. Same for some cash back deals, they reduce the effective interest rate by taking money out of the cost up front, kind of like reverse points on the loan.

-The dealer will have a lot of choices for you to consider and will be aware of just about all of the lending companies that are around across the nation. Shop with them, check with your bank or credit union and compare with offers through the dealer. You always get a better deal when you shop.

-If you have very poor or no credit, you may be stuck with the loan offer from a dealer. But be aware, many independent used car dealers that provide loans will have very high interest rates and will repossess a car in an instant. A lot get the money they have in the car back with the down payment and the loan is their profit. In this case, keep the loan small and make sure it is easy to pay back. This will help build your credit history and make it easer to get a better loan the next time.

-This is just a start, do your homework and make sure that you are getting the best deal that you can.

Is betther to get a auto loan from a bank or from the dealer?

If you have good credit, shop around, and tell each other that you are shopping around, as they usually will compete with each other to get your business.

If you have bad credit, usually the dealer will have better programs to help rebuild it.

Is betther to get a auto loan from a bank or from the dealer?

dealers deal directly with hte banks most of the time. you can get a pre approved loan if you like from your own bank so you know how much you have available. then you can haggle with confidence.

Auto Loan Payoff - Reducing Principal?

I am upside down on a car loan (owe $16K, the car is worth around $11K), will the bank holding the car loan negotiate with me the principal owed (reduce it) if I sell the car and want to pay them off even if I have to take money out of my pocket to make up the difference.

Auto Loan Payoff - Reducing Principal?

The answer is going to depend on which bank holds your lein, and how long you have had the loan. Many banks will adjust the amount due if you have done business with them for some time, but you would have had to been paying on the loan for one year or more.

The only thing you can do to actually get the answer is to first ask for the buy out price of your loan, and then pose your query to the bank. You may be able to negotiate a little or you may be pleasantly surprised. If you have nothing to lose by trying, and agreat deal to gain, by all means try.

Auto Loan Payoff - Reducing Principal?

Auto Loan Guide: http://autoloans.autoloanassis... Report It

Auto Loan Payoff - Reducing Principal?

You don't know until you ask the bank. Inquire of them, and get their answer and proceed from there.

Auto Loan Payoff - Reducing Principal?

Generally, no. The bank or noteholder has no incentive to enter into that sort of negotiation.

Start adding an additional $25-50 a month to the payment that you make and you'll get out of the %26quot;hole%26quot; more quickly.

Auto Loan Payoff - Reducing Principal?

Don't know, like last poster said you will need to talk to your bank.

See www.clarkhoward.com. That website has a lot of good financial information.

Auto Loan Payoff - Reducing Principal?

Negative equity

The value of a new car drops dramatically as soon as you drive it off the lot. That's because it then becomes a used car. It doesn't matter that you only used it for five minutes - it's still used and is worth much less because of that fact.

This depreciation is an important concept to understand when dealing with financing because while the value of your car drops immediately, your loan principal drops more gradually. So if you try to sell the car too soon, you may end up owing more on it than you can sell it for. That's called negative equity.

You can avoid getting into negative equity situations by following these simple rules:

Keep your car until it is paid off completely. Obviously, no matter how much your car depreciates, you won't have negative equity if you don't owe anything.

Don't buy a car that is too expensive. If you struggle too much to make the payments, you may decide to sell the car earlier than is financially prudent.

Don't drag out your payments. You might get a slightly better interest rate and your monthly payment will be smaller. But it will staple you to that car for the financing term. Five years later you'll still be paying for a car that may no longer fit your needs.

Make the biggest down payment you can. This will help offset the effect of depreciation and start giving you some positive equity.

If you are trading in, in some cases you'll have to add the negative equity to the price of the new car. But that is just recipe for getting into the same %26quot;negative equity%26quot; situation again.

Auto Loan Payoff - Reducing Principal?

my car is the same and they told e that i would have to first pay them off before i can sell the car unless i p ex it in for another one. mad i know cos youd never get that sort of money together or you wouldnt hsve got finance in the first place. watch they dont charge you if you do repay early.

Auto Loan Payoff - Reducing Principal?

I would recommend talking to customer service and explaining to them that you are absolutely going to default absent an intervention on their part. You will ultimately need to speak with a supervisor, as the average rep doesn't have the authority to make these kinds of decisions. It may take time, but they would rather settle for something (usually 50-75%), then risk losing the whole thing. Thisis done with mortgage defaults all the time. The downside is that any negotiation will still have a negative impact on your credit rating.

The second possibility, which I highly recommend, is to take out a personal loan to make up the difference and pay the car off completely. Prosper is a good resource for this type of funding. Try this link http://www.ProsperFiveStar.com - it's a link to a funding group on Prosper. You can join (free) and create a loan listing in a few minutes. If your loan is funded then you'll get the money in 2-4 days. No credit checks and all credit types are accepted. Good luck!

When you apply for an auto loan, do they call your employer to verify your employment?

Really depends on the lender and even the same lender may have rules about when they verify and when they don't. Could be based on credit score (if it's low they might check), could be based on something like a combination of stated income and age (if you're 20 and you say you're making $100K/yr they might want to verify). If you're credit file doesn't have much in it they might check. There's no rule.

I'd say it's more common NOT to verify unless something triggers a red flag. And usually they ask for paystubs or something rather than calling the employer (many employers won't confirm for liability and security reasons). Remember verifying slows down the deal and invites you to go to a competitor. Which is another option btw.