Self employed people will have difficulties getting a car loan as it's difficult for them to verify their income. Finding reputable lenders and making friends with financial institution who can verify your income are good first steps. The website, National Car and Loan is a reputable source for getting car quotes.
It does not matter whether you are employed or unemployed as long as you can pay your payment you should be able to get a used car. First Find the used car you like then work with them to get finance. Do not forget the your car will be a collateral until you pay off the loan.
Typically for the duration of the loan.
When I went and got a car loan, it took less than an hour.
Car loan calculators allow you to find out how much the repayment of your loan will be with interest included. This is necessary for budgeting for a car you can actually afford in the long run.
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
Good credit report, employed at the same place for a long period of time are few factors that help in approval of vehicle loan.
If you inherit a car that is subject to an outstanding car loan you need to keep up the payments with the LENDER according to the terms of the original loan. If you default on the loan payments the loan company can repossess the car.
As long as it is collateral for a loan in default.
Until your car loan is paid in full. Usually around 36 months, give or take.
Is fraud punishable? You bet it is. It's also stupid; do you think they're not going to check?