Depends upon your debit, to income ratio, but, yes. It is possible.
Depends upon your debit, to income ratio, but, yes. It is possible.
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.
A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
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If the vehicle was put as collateral for the loan, there already is a lien on it.
You can get a title loan. These usually have high interest rates and are not a great deal of money. yes i think its called a log book loan they give you wat they think the car is worth.
Believe it or not, there is a right time to take credit or a loan, and it is precisely when you do not need it. Starting a business with a loan is only right when you already have the money to start that business without the loan anyway. You can then secure that loan with the money that you already have stored away and have more leeway with your finances. In the same way, taking a loan for a house or a car, especially a car, is best done secured. Have the money already set up in cash, then take the loan against the savings.
That would depend on how much you owe on this car. You need to contact the lender and see what can be worked out. Do not allow this car to be repossed. That would compound and already bad situation.
Yes, a car loan is considered an installment loan.
Yes.
No, it is not possible. Your previous loan must be completed to get a new car loan
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.