With a co-signer
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.
Yes, a car loan is considered an installment loan.
No, it is not possible. Your previous loan must be completed to get a new car loan
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
Another term for refinancing a car loan is "auto loan refinancing."
Yes, but the bankrupcty applies only to the person filing. The other party would still owe the debt.
If you haven't paid off the car, the bank technically owns it. Therefore you can not sell it.
No, you can't borrow any more $$$$ while you are in bankruptcy. Even on an existing loan. It is against the law.
i have a person who sold me a car under bankrupcty, and i need the title . gow can i tell if its still under or not?
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.
Yes, a car loan is considered an installment loan.
No, it is not possible. Your previous loan must be completed to get a new car loan
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
(car loan * APR + car loan) / 12/ amount of years. i think
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
Until you either "reaffirm" the loan, or until your bankruptcy proceedings are over and you are told by the court to turn the vehicle in...usually 3-6 months. Additionally, to "reaffirm" your car loan commitment, you will have to pay all late payments before the end of the court proceedings...usually in 3 to 6 months. Until that, the creditor may not be able to get your car. Not too technical here, but the creditor can file a "Motion" to take your car and if the judge thinks you won't be able to fulfill your obligation, you lose. try www.nolo.com
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