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Auto loans are used for purchasing a vehicle of any kind. The loan is taken out by the person who purchases the car, and therefore the official payment is made by the same person.
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∙ 13y ago
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What happens if don't pay the car loan?
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
What is easier to pay car loan or bank loan?
bank loan
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Can you get car loan with bad pay history from previous loan?
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
One person car loan and death?
Heirs pay loan or bank takes car.
Will the bank go after your house if you don't pay for your car loan?
no, your car loan is secured by your car, your mortgage by your home
Can you trade in a loan car?
Yes. You must pay off the loan with the proceeds, and pay the difference if the proceeds are less than the loan.
Do you have to pay off the car loan if you have totaled the car?
Yes, if your insurance company will not pay it all.
Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
How do i get a new car but keep my loan?
You don't need a loan you can just pay.
How do you get out of a car loan?
You must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan. If your higher monthly payments are making things difficult for you, you can refinance your car.
Should you use your home equity loan to pay off your car loan?
I would need more details but in general, the answer is no. If you don't pay your car loan, you lose the car. If you get a home equity loan and can't repay it, you lose the house - big difference.
