0
How do you finance a new car if you still owe on your present car loan?
Wiki User
∙ 13y ago
You need to pay off the present loan. Most people do that by adding the balance on to their new car loan, getting deeper and deeper into debt.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
You still have finance on your car but like a new car how can you do this?
The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
How do you get out of your car loan?
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
Can a finance company cancel the loan if the signer doesn't drive the car?
No. The loan was made and the person who made it owes for the loan. To take this one step further if the car was wrecked the loan is still owed. So, it doesn't matter who drives the car.
Still owe finance on car that has been written off do you still have to pay?
Yes, that is what should be done with the insurance money, pay off the car loan.
After you've signed papers on the car and the auto finance company rejects you for a loan can you bring the car back and not try to get another finance company to loan you money for the car?
YES.
If you make a parshall payment on your loan can the loan company still come after your car?
YES they can. A partial payment is not the full amount owed, so they can repo the car. If they say they won't if you do this--get it in writing, or re-finance the car.
What is the difference between a car loan?
how do interest rate calculated in a car loan finance by chase bank
What is finance at a car dealer ship?
Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.
What happens when your return a car to finance company?
It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.
How do you finance buying back a totaled car?
Home equity loan perhaps. No bank is going to finance a totaled car.
How does one obtain finance when buying a new car?
To obtain finance when buying a new car you can go to a bank and take out a personal loan or a car loan. Your local bank will be able to help you get financing.
