that is generally on a bank by bank basis you normally don't have a minimum time limit but some banks do charge an early payoff fee so that they still receive some of their interest payments. Check with your bank
Not at all buddy. Auto loans have nothing to do with ur house.
No.
Yes, they are. An auto loan is secured loan based on the collateral of your vehicle. If you don't pay the loan they will unfortunately come take your car away.
yes of course but if you pay them on right time this will give you benefit to improve your credit score as well as credit history.
I think you have two years to collect if you were cheated, but they have to pay immediately if you file the claim, and your policy covers it.
The web site, www.chargesmart.com, lets you use a credit card to pay for auto loans and leases, mortgages, utilities, and student loans.
Most people today have auto loans to help them pay for a new car. However, over time, the terms and rates of a loan may no longer suit the car owner. This happens when a person's credit score and financial situation change. It is normal to try and refinance auto loans. Doing this could help a person lower everything from their monthly payments to the interest rates and duration or term of the loan. To refinance auto loans, one should shop around and see what different groups can offer. Negotiation is key. With time, great rates and terms can be found on refinance auto loans.
The rate you pay for an auto loan will vary widely and depends on your credit score, other demographic factors, and the total amount of the loan. Expect to pay at least 10% interest.
As strange as it may sound to say this, auto loans don't necessarily have to be used to buy a vehicle. Auto loans used for other purposes are available if you already have a car. This form of refinancing can be used to gain access to credit that you wouldn't normally be able to access, or to get reducing interest rates. As an example, if you have accumulated a large amount of unsecured debt with credit cards and cash advances, you can auto loans can be used in order to pay off this debt. In this situation, auto loans are used as a debt consolidation loan. Since the car is used as collateral in the loan, the interest rates are typically much lower than the interest rates that you would need to pay for the credit cards. Auto loans used for purposes other than buy a car can be used to pay for almost anything. If you choose to do so, however, it is important to realize that you are putting your car at risk of repossession if you can't pay back the loan.
In order to get auto loans, you need to have pretty good credit. With banks looking more at the credit someone has, a good credit score will mean a better auto loan for you. There are still some auto dealers who will give you a loan on a car if you can provide proof of income. An auto loan has lower interest rates than housing loans, and they are easier to pay back. You have more flexibility with auto loans as well.
Many auto loans offer very good rates of interest - but the cost of those loans may be far higher than the quoted auto loans interest suggests. When comparing car loans, look at the entire monthly payment, and get more than one quote whenever possible. In addition, check for late payment fees and other penalties that may apply, and remember that since the best auto loans interest rates are offered to consumers with the best credit, it pays to be responsible and pay all bills on time while checking your credit score periodically to make sure there are no errors.
Auto title loans are not necessarily a bad idea, but they do have very high interest rates that you will have to pay back in addition to the money of the loan that you go. You also need to be sure that the company that you are borrowing from is reputable.