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Auto Loans and Financing

Car loans from institutions such as banks or credit unions for the purchase of an automobile

5,540 Questions

What is the cheapest car loan interest rate in Australia?

That depends a lot on your credit score and the vehicle you are buying. Newer cars attract cheaper interest rates than older vehicles. Applicants with excellent credit history are offered cheaper rates than say a applicant with an impaired credit history. Car interest rates start from approximately 4.2%.

Do you owe the balance on a wrecked vehicle?

Yes, you are still responsible for the loan no matter what happens to the car, hopefully the insurance payout covers what you still owe on it.

Can i cancel my car loan by not providing proof of income?

I bought a car last week, I had it financed and I signed the paperwork. As I got home, I got buyers remorse, it's a car that i can't afford, ( I know dumb for signing) I tried talking to the dealer but they won't let me off my contract. The thing is I never provided them with proof of income. They've been calling me all week for it. Is there anyway I could get out of this deal by refusing to show the proof income? I really, really can't afford the car. I'm a DUMB college student that made an impulse purchase

What can you do about a loan company that says they have a contract with your name as the buyer when the paperwork from the dealership has your daughter as the buyer and you as the cosigner?

I would ask the auto loan company to send you a copy of the contract to make sure that it exists and that it is something you signed. In most cases, when you agree to cosign on a loan you take on all the responsibilities of the buyer anyway, so I am not sure how much difference it will make, but if they aren't communicating with her for some reason, make sure that the dealership didn't submit the loan incorrectly, and you didn't accidentally sign it that way.

Did jack cooper loan sell and auto transport 28 million to buy new trucks?

Yes, Jack Cooper Logistics announced a loan of $28 million, which was intended to be used for purchasing new trucks. This investment is aimed at modernizing their fleet and enhancing their auto transport capabilities. The move reflects the company's commitment to improving operational efficiency and meeting increasing demand in the logistics sector.

What do I do if my lien holder refuses to repossess my car?

Continue to call them and work out a settlement. Most likely they won't pick up the car if you are in a different state than the Lien holder. They don't want the car they want the money. It will cost them more to pick it up and resale it, than for them to just work out a new payment plan for the remaining balance.

How is the interest on an auto loan calculated?

Auto loan interest payments are calculated using an amortization schedule.

What happens if you no longer have the car and the finance company trying to repossess?

Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.

CAN I GET A LOAN AGAINST MY CAR IF ITS NOT PAID FOR?

No, because, until you get it paid off and hold the title, it's not actually your car, per se - the lawful owner is the lienholder.

Who took over Thor Credit Corp?

Thor Credit Corporation was a joint venture with General Electric Consumer Finance.

What happens I could not pay the car loan because I left the country?

If you are in default (for any reason) they have the right to seize the asset (car)

What happens if you fail to make required premium payments?

Usually, Insurance Companies gives its insurers an extra of 10-15 days to if they neglect to pay the premium before the due date. Further, if you even delay it further, then you may loose your insurance. You can resurrect it by paying a large amount to the insurance companies.

Is it illegal to purchase a car in the parents name for their son?

Who owns the car, Who purchased the Car and Who insures the car does not matter.

The car must be registered to and insured by the same person, Anyone driving the car must be listed as a driver on the insurance.

Buying a car for someone may have Tax implications but not Illegal.

Does a car tax effect trade in value?

Not in the UK, under new rules effective from October 2014, when you trade in a car any remaining car tax (tax disc) will automatically be refunded to the registered keeper who paid that tax (whole months only), thus not affecting the trade in value.

Can the buyer of a car legally repossess the car from the co buyer if the co buyer has made all payments?

If they are a co owner on the reg, they have as much right to it as you-essentially, neither one of you can keep the other from using it paid for or not.

Who bought out Arcadia Financial?

arcadia fncl has and lein on my auto please let me know who bought out Arcadia so I can get the Lein taken off the car is a 1995 Linc its been paid off this has cause hardship among other thing trying to et what belong to me I hope you can help me if not I then have to take futher steps

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