Check with your bank or credit union.
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
No, it is not possible. Your previous loan must be completed to get a new car loan
http://www.automotive.com/auto-loans/36/loan-tips/car-loan-tips.html Website gives you all up to date required information you may need when looking to get a auto loan whether it be age or how much something is.
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
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.
A 17 year old will not be able to get a car loan for $5,000 dollars without a co-signer. Most banks will not give a 17 year old a loan even with a co-signer.
where can I get a title loan in salt lake city Utah if my car is 20 years old but has a new engine, transmission, everything rebuilt, and I have paperwork to prove it.
Check with your bank or credit union.
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
No, it is not possible. Your previous loan must be completed to get a new car loan
http://www.automotive.com/auto-loans/36/loan-tips/car-loan-tips.html Website gives you all up to date required information you may need when looking to get a auto loan whether it be age or how much something is.
(car loan * APR + car loan) / 12/ amount of years. i think
To get a loan for a car you have to be at least 18 years old. You will need proof that you have a job, and a little bit of a credit history. The loan officer at the bank can tell you more.
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a 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.
Nelson, they would have a couple of real goofy options.1. they could refinance the new car and include the balance of the old loan for a HUGE total.2. they could be the SECOND leinholder on the new car somehow. I guess they would have to loan you money to pay the old balance and take the new car as collateral.Neither of these options look realistic, but who knows??