Auto Loans and Financing
How old do you have to be to get a car loan?
Asked in Cars & Vehicles
You still have finance on your car but like a new car how can you do this?
Asked in Used Car Buying
Can a 17 year old get a car loan for 5000 dollars with out a co-signer?
Can a financed car be used as collateral for a loan?
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.
Asked in Vehicle Titles, Auto Loans and Financing
Can you get a title loan on a car over 10 years old?
Asked in Repossession, Loans, Money Management
Can you still get a car loan even if you have bad credit?
Asked in Personal Finance
How old do you have to be to apply for a car loan?
Asked in Cars & Vehicles
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
Is it possible to trade in a car and buy a new one even if you are still paying off a loan for the original car?
Yes. You have to make certain the dealership you're working with for the purchase of the new car is covering the entire amount owed on the old car. Also, whoever is doing your financing should give you a check made out to you and the lienholder of the old car so that loan can be paid off. If you do not do this, it is possible for the bank of the old car to come back to you and sue you for the loan balance. Keep copies of everything in a safe place. sunnyraye
Asked in Repossession
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
Asked in Vehicle Titles, Repossession
What if the title holder is the bank and they don't want the car back because it's to old what can you do?
Can a loan company take a newly financed car in your name as collateral toward the balance of a loan for a car that was repossessed a few years ago?
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??