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You need a car to get to work and most cars are so expensive that they simply have to be financed. But paying that car off early and tooling around in a car that's paid for will give you a fantastic feeling. Pay off your car loan early and put those extra payments towards another bill, or just enjoy the extra cushion every month. To pay off your car loan early, add an additional $50 to your monthly note and it will be paid off months early. Add another $100 to your note and you can enjoy more than a year without that car note.
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∙ 12y ago
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Can they take money from my check for a car i don't have?
If you owe money on a car loan or are a cosigner for a car loan, yes.
How can you get out of the car and car payments you have?
if you want to get out of the car and the payments, you can sell the car privatly, ask for a good price on the vehicle so you can have some extra money to payoff the principal balance owed on your car loan, if you have one. then once the vehicle sells, take the money to the loan company pay the principal balance, then take the rest as pocket money, or if your not comfortable with doing this you can hire a finanial advisor to asist you, their always looking to help people save money.
What if you get a car loan and not buy the car?
You will still owe the money back with agreed upon interest. There may be some legal issues if you used the car for collateral and you do not own the car. return the money with the interest. the longer you save the loan, the more interest you have to pay!
How does a lender get a judgment against you for a loan when they repossess a car?
You owed more money than the car was worth and they wish to collect the balance.
Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Who pays the loan if a car is repossessed?
The one who BORROWED the money and/or the on who COSIGNED the loan.
Why is car dealer financing more costly than getting a loan from a bank?
There are many reasons why car dealer financing is more costly than getting a loan from the bank. It is more costly because car dealers are usually in the business of making large amounts of money.
Can you take a loan against your car if not paid for?
You can if a lender is willing to loan you the money and the existing loan is not more than 50% of the value of the car. Just make sure the lender is aware of an existing loan against the vehicle. This is a very bad idea IMO. Using a car as collateral for a loan other than to buy the vehicle is a very bad idea. Cars depreciate very quickly so are not good collateral. More than likely no lender will loan you the money on this vehicle.
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
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!
What is the meaning of vehicle refinance calculator.?
A vehicle refinance calculator helps you calculate if refinancing your current car loan will help you save money. Refinancing a car loan is especially helpful when you owe more on a car then its actual worth.
You have no money and you need to return your car what to do?
apply for a loan
