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Only if you live someplace where 17-year-olds can legally enter into a contract, in other words, they are not considered minors. Otherwise you'll need an adult co-signer.
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∙ 18y ago
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If you get youre car get repossed can you buy a new car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
How long is a typical car loan?
4 years
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
Can you change the name on your car loan so that my daughter can take it over?
It is possible for your daughter to assume responsibility for your car loan, but only with the agreement of the bank that issued the loan; you can discuss this with the bank.
If you get youre car get repossed can you buy a new car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
What happens to balance on car title loan when car is stolen?
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
How long is a typical car loan?
4 years
What is a loan amortization in reference too purchasing a car on credit?
When purchasing a car on credit, a loan is obtained and the loan is paid off over time. For example, a car loan paid off over 5 years, with monthly payments, is considered to amortized over 5 years.
Can you get a car loan without a co-signer a small loan only about 4000?
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
If your car is repoed do you have to still pay on it for any reason?
Yes. You signed a contract for a loan amount. That is the principle. The car only secured the loan. The loan is the only real value to the lender. They do not want the car. They only take the car to resell it to apply that payment to the loan. Any outstanding balance plus accured fees are yours to pay.
If your friend wrecked your car and you have only liability but he has full coverage who will pay for your car?
YOU will. only his liability will follow him. you loan your car, you loan your insurance as well. So looks like your not getting your car paid for.
Can you sue someone who signed a car loan for you and then took the car after it was paid for for 2 years?
No
What are the advantages of having a car loan?
One of the advantages of having a car loan is that it allows people to purchase a car if they do not have all of the money right away. Another is that they can take years to pay them off depending on the loan.
