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Its best to take car loans from a well reputed bank as they offer the best deals. They do not require any salary transfer, which makes it easier and faster to get the loan.
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∙ 8y ago
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What provides a bank with collateral on a car loan?
The car itself
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.
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.
Can a car dealer repo the car if the bank backs out of the loan even if you can make the payments easily and the bankruptcy has been discharged and it's a brand new loan and the title is in your name?
What you need to do is get a new loan from a different bank and work it out with the car dealership. If no bank will fund you, then you have no choice but to turn over the car - since there isn't a bank to pay them for the car, they can take it back.
Is there a way to get a car loan without a job or co-borrower?
Yes. Deposit the amount of money the car costs in a bank, in a CD, and use it as security for the loan that the bank will give you to buy the car.
What is easier to pay car loan or bank loan?
bank loan
One person car loan and death?
Heirs pay loan or bank takes car.
What is the bank loan value of your car?
It's Depends on you earning and and documents you submitted for car loan.
What is a sentence with Loan?
I took a loan from my bank to buy my first 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
What provides a bank with collateral on a car loan?
The car itself
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.
What is the difference between a car loan?
how do interest rate calculated in a car loan finance by chase bank
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.
Can a car dealer repo the car if the bank backs out of the loan even if you can make the payments easily and the bankruptcy has been discharged and it's a brand new loan and the title is in your name?
What you need to do is get a new loan from a different bank and work it out with the car dealership. If no bank will fund you, then you have no choice but to turn over the car - since there isn't a bank to pay them for the car, they can take it back.
Why a bank will repo a car?
Non-payment of loan.
How would you go about 'buying' your dad's car if he still owes the bank?
You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father. assume the loan in your name.
