Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.
ya of curse you can use the upside down car loan for buying a new car...
USE OTHER AS 'ADDITIONAL INCOME SOURCE'......list additional incomes. did you ever fill in an auto application?
To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.
Your student loan payment will depend on the amount you borrowed, the interest rate, and the repayment term. You can use a loan calculator to estimate your monthly payment based on these factors.
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.
ya of curse you can use the upside down car loan for buying a new car...
You could use you loan for that but I think it would be an unwise thing to do.
As a general rule, it's a bad idea to use a student loan for anything other than educational expenses, and many lenders exclude car payments as a valid expense.
pay for collage
NO you have s secondary obligation for the note, not the money or how it was or was not used.
Gap insurance is available to purchase when you are buying a car. It covers the difference between what you owe and what the car is worth if you have a car wreck and total your car. You should consider buying it because it covers what you owe instead of rolling it over into a new loan. You can have the cost of the insurance included in your loan or you can pay it upfront. If you need to use it, it will pay off your loan and provide a down payment on a new vehicle, saving you money.
You can try the dealership directly. Sometimes, the dealership may be more apt to give a loan if you are buying a car from them. If you do not have an established account in good standing with they may be reluctant to give you a loan.
USE OTHER AS 'ADDITIONAL INCOME SOURCE'......list additional incomes. did you ever fill in an auto application?
To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.
Is it possible? Yes. Is it legal or within the terms of your loan? No.
When bankers and investors use the term "student loan consolidation interest rate," they are referring to the interest rate that borrowers will be charged when they consolidate their student loans. Student loan consolidation allows borrowers to combine multiple loans into a single loan with a new interest rate, typically based on the weighted average of the interest rates of the loans being consolidated.
Your student loan payment will depend on the amount you borrowed, the interest rate, and the repayment term. You can use a loan calculator to estimate your monthly payment based on these factors.