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As a general rule, it's a bad idea to use a student loan for anything other than educational expenses, and many lenders exclude car payments as a valid expense.

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18y ago

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Should I use a car loan calculator to determine if I should refinance my car loan?

Yes, using a car loan calculator can help you determine if refinancing your car loan is a good decision by comparing your current loan terms with potential new loan terms to see if you can save money on interest payments.


Can you add a previous car loan into a new car loan?

No, it is not possible. Your previous loan must be completed to get a new car loan


Can you roll the balance of a carloan into a new car loan?

No, it most cases you cannot roll the balance of an existing car loan into a new car loan.


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.


Wage garnished student loan paid off can you get another student loan?

Yes, if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans.


Can an 18 year old with a full time job get financing from a dealership to buy a new car?

Yes you can get a loan from dealer. If you are a student then there are student car loan available for you. See the link in the related link for more informationDepends on your credit history and what the lender is willing to provide.Ans :Sure You can buy a car.


Where can the current student loan rate be obtained?

A student can obtain the current student loan rate from websites online such as FinAid or Direct Ed or the New York Times. Googling current student loan rate would be a good place to start.


What is the purpose of a private student loan?

a student loan is to help you with your college fees or to move and buy stuff for you new accomadation when you move to a new college you can get a loan over the period your in college and pay back at monthly instalments


Does a student loan have a statute of limitations after 7 years in New York?

Federal student loans do not have a statute of limitations. If it is a personal loan, it may have one.


What happens to the loan when the car is stolen?

The insurance should pay the loan (if your lucky it'll pay all of it) If there was no insurance then you still have to pay for the loan. I had a car stolen and I had to keep paying for it until the insurance finally paid it off and I was left with $50 in the end to get a new car with.


What should you do if you cannot continue paying on new car?

If you can not continue paying on a new car, the first thing you should do is read the loan agreement. It probably lists the steps you should take. You are not the first person ever to have this problem.


Will trading in my car negatively impact my credit score?

Trading in your car should not negatively impact your credit score, as long as you continue to make your loan payments on time and the new loan for the traded-in car is approved. However, if you have missed payments or the new loan is not approved, it could potentially have a negative impact on your credit score.