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You owe finance ona car but cant afford the repayments what can you do?
Wiki User
∙ 14y ago
You should contact the finance company. Perhaps, you can make smaller payments and stretch out the loan or perhaps you can turn the car in and avoid them the trouble of repossessing the car in exchange for not having your credit ruined.
Wiki User
∙ 14y ago
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Im pregnant and have a car on finance i cant afford to pay the monthly instalements no more?
Your pregnancy has no effect on your responsibility to pay the bank. You need to negotiate with the bank asking it to take possession of the car and to forgive any amount you still owe after the bank has sold the car. The negotiations will be more fruitful if the car has been well maintained.
What is the best car financing calculator?
The best car loan calculator can be found at http://www.financingyourcar.org.uk/car-finance-calculator/ It is a free service and provides unbiased information. It will calculate the result based on what you would like against what you can afford.
Does it take long to finance a car?
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
Can the finance company repo your car if you go to jail?
YES, If the note is not paid on time they can. If you want to know what they can and cant do read your contract (all of it) It spells out what would cause them to repo.
Where can one go to finance a BMW?
Most car dealerships have their own financing departments where one can finance the purchase of a car. In addition, most banks and credit unions offer loans to finance a car, including a BMW.
How can I calculate the car payments for a new car?
Cars.com is the favourite "calculator" people use, but there are a few about. You can check repayments and terms and conditions at Car Finance. It will help you calculate your wage, forgoing monetary commitments, and make sure you can still afford a monthly repayment, and how much you would be able to afford on your new purchase.
Can they repo a car once you have paid up to date but still owe 7000?
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
What is a good car to work out a finance plan on?
There is no good car to plan out a finance plan on. It all depends on factors such as what you're willing to pay for a loan and how much you can afford.
You want to surrender your car because you cant afford the payments?
Call your lender.
How many years is the max you can finance a new vehicle?
72 months is about as long as any lender will go. However if you have to finance a car for 72 months then you are buying more car than you can afford. I never finance a car for over 36 months unless I can get 0% financing.
Your car engine died and you still owe money to the bank for it you cant afford the repairs What can you do?
you could steel a car. :)
How much does a 2010 Chevy Camero cost?
If you have to ask about this car, Then you cant afford it anyway.
Im pregnant and have a car on finance i cant afford to pay the monthly instalements no more?
Your pregnancy has no effect on your responsibility to pay the bank. You need to negotiate with the bank asking it to take possession of the car and to forgive any amount you still owe after the bank has sold the car. The negotiations will be more fruitful if the car has been well maintained.
Where can I draw up a car loan amortization?
Car Finance Canada is a website that will help you to figure out what you can afford. It offer tools such as a car loan calculator where you input all your information and it will tell you how much you can afford per month. remember though sites like these can only give you an estimate and not an actual number . It is always best to talk to a place of finance to get a solid answer.
What vehicle that has over 100000 miles would you buy if need a car but cant afford new car?
That depends on how much you have to spend.
How can you get your car back if the finance company wants you to make the loan current and pay to get the car out but you can't afford to?
Gee, Hery, I dont see any way for you to get it back.
What variables are usually considered by a car loan calculator?
When one is deciding how much of a car they can afford, they usually apply certain variables from a loan calculator. These variables are, loan amount, interest rate, loan term and repayments. Using these variables will help make a decision in deciding which car to buy.
