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What are some disadvantages of an auto title loan?
Auto title loans are risky at best. Interest rates are very high, it may become impossible to pay off the loan. A good article about the disadvantages of an auto title loan can be found here: http://articles.cnn.com/2008-10-08/living/aa.car.title.loans_1_car-title-loan-interest-rates-responsible-lending-for-title-loans?_s=PM:LIVING
What are the requirements to take out a title auto loan?
The requirements for taking out a title auto loan are, being the age of 18 or older, the auto vehicle must not have financial dues, and must provide valid proof of vehicle ownership.
How do you get a good rate on an auto title loan?
Don't get an Auto Title loan. These loans are not made to give anyone a good rate. In most cases people end up paying more interest then they did for their car.
Who holds the title on a financed auto?
It depends on the state. In many states, the bank or financial business that gives the loan holds the title. Where I live, the owner holds title and the title shows a lien held by the financing institution.
Are title auto loans a bad idea?
Auto title loans are not necessarily a bad idea, but they do have very high interest rates that you will have to pay back in addition to the money of the loan that you go. You also need to be sure that the company that you are borrowing from is reputable.
Where can one find information on how to donate an auto to a charity?
One can call the charity of interest and gather the required information on transportation, gross proceeds and title transfer in order to donate an auto to a charity.
Auto Loan Early Payoff?
Auto Loan Early Payoff How much interest can you save by increasing your auto loan payment? This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your auto loan!
Can a married couple be dependents on parents auto insurance plan?
If they live in the home with the parents and the parents have an insurable interest in the cars (ie they are still on title) then generally yes. It is not a case of dependent but of insurable interest.
What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
Is there a cutoff age for your son to add a car in his name to your insurance policy if he is NOT living with you and is 24?
Ther is no specific cutoff age. The question is This. Do you have a financial interest in insuring his vehicle or it's insurance?. If you have no financial interest in his auto insurance coverage, then legally you can not insure it. To understand "Financial Interest" in laymans terms ask yourself this question. If he has an accident what are my losses or what is my liability exposure. If the answer is none, Then you can not legally enter into an insurance contract for his vehicle. As an adult on his own, unless you are a cosiigner on his vehicle finance note, then you really do not have a financial interest in his motor vehicle.
What banking institutions offer the lowest interest rate for auto loans?
Try using Bankrate's online auto rate calculator that compares the current loan annual percentage rates from different financial institutions in the area of your choice. Also credit unions often have the lowest interest rates.
Where can I get an auto title loan on my Ford Taurus in the Twin Cities area?
Trading Financial Credit LLC‎. does offer title loans. Contact them at 777 Campus Commons Road, Sacramento, CA‎ - (800) 737-0900‎
