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What else can I help you with?
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.
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.
Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
What is the maximum interest rate for a car loan in Pennsylvania?
what is the maximum rate for used car loan in Pennsylvania
Where can one find the cheapest used car loan rate?
One can find the cheapest used car loan rate on websites that compare car rates. An agent will be happy to help you find the best car loan for you, and you will save money.
Who is the primary borrower on the car loan?
The primary borrower on a car loan is the person who is responsible for repaying the loan and whose credit history is used to determine the loan terms.
Where can one find a used car loan calculator?
There are several places that one could find a used car loan calculator. Many banks offer loan calculators as do used car sites. Edmunds, as well known car reviewer, offers this service as well.
What are the average rates to refinance a used car loan?
There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.
Is a car secured property in bankruptcy?
If there is a loan which used the car as collateral, yes.
What is the minimum income level to get a car loan in Detroit, Michigan?
The Minimum income level to get a car loan in Detroit,Michigan for used or new car is $2000
What is the most common car loan term used by borrowers?
The most common car loan term used by borrowers is typically 60 months, or 5 years.
