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What else can I help you with?
If you trade in a car that you owe money on will you have to pay the previous car loan plus your new loan?
Yes. It is referred to as "upside down" financing.
Where can someone get a car loan with no credit?
It's very difficult getting a car loan with no credit but not impossible. When getting a car loan with no credit the best thing to do is to save up ones money for a down payment because the larger the down payment the better chance it is to getting approved for the loan. Having proof of income and being able to make the payments helps greatly.
Can they take money from my check for a car i don't have?
If you owe money on a car loan or are a cosigner for a car loan, yes.
Can you explain how a car loan from a bank works?
A car loan from a bank is a type of loan that you can get to buy a car. The bank lends you the money to purchase the car, and you agree to pay back the loan amount plus interest over a set period of time. The interest is the cost of borrowing the money. If you don't make your loan payments, the bank can repossess the car.
Can a loan company reposses my car they do not have the transfer of lien on?
If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.
What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
How to loan money for a new car purchase?
To loan money for a new car purchase, you can apply for an auto loan from a bank, credit union, or online lender. You will need to provide information about your income, credit history, and the car you want to buy. The lender will review your application and determine the loan amount and interest rate. If approved, you can use the loan to buy the car and then make monthly payments to repay the loan.
Can you use a car loan as a down payment on a car?
ya of curse you can use the upside down car loan for buying a new car...
Can you transfer a car loan to your name if you put all the money down on it?
No. The easiest thing to do would be to buy the car from the existing owner and get a new loan. Find out what car dealers don't want you to know at www.dealertricks.com
How do you sell a upside down car?
If you mean you still owe money on the car you don't sell it unless you can take the money and pay off the loan. The bank really owns your car and the pink slip, so if you sell it without the loan getting paid you still owe the money to the bank.
What are your options when you have totaled an uninsured car that you still owe A LOT of money on and you need a car to get to work still?
Make another loan-quick before the wrecked car loan goes bad.
Can you get approved for a car loan with a credit score of 540?
Yes, there are many dealerships that will approve a car loan with that credit score. You will usually have to put a great deal of money down and accept a higher interest rate. Capital One tends to loan money to buyers with low credit.
