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There are a few P2P lending websites in the UK where you can get a personal loan for a car loan. Some of these like Zopa expect a very clean credit history and cater to prime end borrowers.
More recent P2P websites like yes-secure cater to all credit scores, but the lenders can offer higher rates to borrowers with low credit scores. In any case yes-secure has recently capped the maximum lending rates at 27.5%. one can get a smaller loan funded much faster at yes-secure and at lower rates!
What else can I help you with?
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
How does defaulting on a car loan affect your future credit?
Any default on any loan will damage your credit in the future.
Can you get a loan to get my car out of the impound?
It is very unlikely that any trustworthy loan officer would approve a loan for this purpose.
Is there an alternative to repossession or bankruptcy on the 15000 you owe on your car?
If you have equity in it, sell it. If you have a relative who wants the car and has 15k, take the money, pay off the loan and sign the car over to the relative.
Where can I find a new car finance calculator?
You can get a car finance calculator from any car dealership. Also, any loan amortization calculator will be able to do the same job for you. You can get a loan amortization calculator from your bank.
If your car is repoed do you have to still pay on it for any reason?
Yes. You signed a contract for a loan amount. That is the principle. The car only secured the loan. The loan is the only real value to the lender. They do not want the car. They only take the car to resell it to apply that payment to the loan. Any outstanding balance plus accured fees are yours to pay.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Where can I get advice on car loan?
YOu can get a loan for a car or anoth vehical just like you would get any loan. Go to your banking institution first to see if they offer it at a lower rate.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
Who gets paid if a financed car gets totaled?
If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.
Can you receive a car loan without a license?
== == NO. Why would a loan company give you money if you can't LEGALLY drive a car, of any kind?
How do I finance a car loan today?
See any dealer and they will find a way to get you financed for a car loan. When I bought my car the dealer found me a loan, found me a decent rate, and the bank that I loaned through. I did not have to do any work other than signing the papers and paying the bill.
