0
It is possible for you to obtain auto loans for a used car, whether you are buying it from the dealer, or you are buying it from an individual. Finding the right auto loan is just as important as finding the right car. Most people might not think of it this way. When you stop to realize that you will actually be paying for the auto loan, and not the car, it starts to become more obvious why it is so vital.
Even if your used car is coming from a dealership, you should almost never use the lender offered by the dealership. This is because the lender is paying the dealership a kickback for each loan. The lender raises their interest rates to cover this charge.
You can obtain an auto loan for a used car from banks, credit unions, and several online lenders. Be sure to compare several different offers. Compare not only the interest rates, but the monthly payments and the overall cost of the loan. Most lenders won't give away this information directly, but if a loan calculator will allow you to find this information using the monthly payments and interest rate.
What else can I help you with?
Where can I get a car payment estimator?
Any bank can set up a loan for a used car. If you go in and speak with an agent they can direct you in the right direction in finding out the best rates and options that are available.
Where can I find the best used car loan rate?
Some of the best deals on used car loan rates are found right at the car dealership selling the used car. If the used car is being purchased directly from an individual, the best deal for a loan would be from a local bank.
What is a navigational tool?
is a tool used for finding the right direction! example compass rose!!
What is the main purpose of an amortization calculator?
An amortization calculator is used to help a consumer determine how much the repayment of a loan will be. This is a great tool to see if taking out a loan is the right thing for you to do.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Does the 3 day right of recession apply to money used for business and to do home improvements?
The rescission period applies to residential mortgage refinance transactions and non-purchase equity loans. The way these funds are ultimately used does NOT affect that 3 day period. If the loan is a purchase loan or business loan, this may not be the case.
What are RV loan calculators used for?
An RV loan calculator is used to determine your payments based on the amount of the loan and the length of the loan. It will give you an idea of how much you will be paying for the RV.
In a bank charge report What does right of set-off mean?
"Right of set-off" refers to the bank's right to debit your deposit account for fees / loans/ or expenses you may owe the bank. Most often, this is used when a person has a loan with the bank that is in default. In order to pay the loan, the bank utilizes it's right of set-off to take the necessary funds from the person's checking account at the same bank and apply those funds to the loan.
Can loan be used as a verb?
Loan used as a verb in American English and is replaced with lend.
When real property is used as collateral for a loan what does the lender do?
When real property is used as collateral for a loan, the lender typically places a lien on the property, securing their interest in the event of default. This means that if the borrower fails to repay the loan, the lender has the right to foreclose on the property and sell it to recover the owed amount. Additionally, the lender may require an appraisal to determine the property's value and ensure it sufficiently covers the loan amount.
What is a mortgage loan used for?
A mortgage loan is used to purchase real estate, usually a home.
What is a type of loan that is used to buy real estate?
A loan used to buy real estate is a mortgage.
