New Car Loan
IF I JUST BOUGHT A NEW CAR IN NOV AND LOAN FOR 7YEARS. NOW I WANT TO SELL IT. HOW MUCH WILL I HAVE TO LOST?
Oct 24th
Question by sCorpiOLAdy:
if i just bought a new automobile in nov and loan for 7years. now i want to sell it. how much will i have to lost?
what should i do? not that i can’t afford but having the automobile i do not have saving at all. and if i were to resign, i will have problem finiancially to support the car.
the automobile loan is roughly $ 51000 including interest. every month i have to pay $ 615 for automobile loan, petrol $ 250, parking $ 90, parking cupon $ 10 for 2 month s.
but in the long ran….will i cut my loses if i pay the different. or should i keep the automobile till it break even? will i let go it now then i do not have to lose so much? i really confused here should i keep the automobile or let go of it?
PAYOFF EXISTING CAR LOAN OR MAKE THE PAYMENTS UNTIL 2012 OR 2013?
Oct 23rd
Question by qms006:
Payoff existing automobile loan or make the payments until 2012 or 2013?
I have $ to pay off my existing automobile loan now and I am thinking about getting a new automobile in ’12 or ’13. Financially talking (which is the superior money decision), should I pay off my existing automobile loan (about $ 5k) know or continue making the monthly payments until ’12 or ’13?
I JUST GOT A NEW CAR THROUGH A LOAN AND I WOULD LIKE TO KNOW IF IT’S POSSIBLE TO CHANGE IT FOR ANOTHER ONE?
Oct 22nd
Question by lou-e:
I just got a new automobile through a loan and i would like to know if it’s possible to change it for another one?
I just got a new automobile through a loan and i would like to know if it’s possible to change it for another one (the same model with automatic transmission instead of manual). After second thought, I will be doing a lot of driving and I am not sure i want a manual anymore.
I bought it less than 5days ago
they just called me to say that I forgot to sign a document and they want me to sign it immediately. could it work in my favor ?
Q&A: WILL FORD CREDIT ALLOW SOMEONE TO ASSUME YOUR CAR LOAN?
Oct 20th
Question by carpediem104:
Will Ford Credit grant someone to assume your automobile loan?
My brother is in need of a newer automobile while I am interested in getting something new. My automobile is a Ford Fusion and I am looking at getting one of the newer Ford vehicles. Does anyone know if Ford Credit will grant him to assume the loan on my automobile and take that one, allowing me to get something new?
CAN I GET A CAR LOAN AFTER JUST MOVING?
Oct 18th
Question by artemis908:
Can I get a automobile loan after just moving?
I just moved and got a new (better paying) job. My move has taken me outside of Manhattan, which means I need a new car. It seems to be impossible now for me to get a automobile loan since I just moved and got a new job. I just do not comprehend it! I have a good credit score and I need a automobile because of where I moved. Am I screwed? Am I going to have to settle for a high interest loan just because I moved?
I’M WONDERING IF IT’S POSSIBLE TO GET OUT OF MY CURRENT CAR LOAN..?
Oct 17th
Question by Sarah B:
i’m wondering if it’s possible to get out of my current automobile loan..?
i want a new car, pretty much.. i’m wondering is there anything you can do to forfeit your current loan? like if i sell it but i do not sell it for as much as what’s left on my loan, do i totally HAVE to pay whatever’s left PLUS pay for a new loan on whatever new automobile i get? i know you can get people to take over payments, but i’m sure that’s not going to happen.. i just want to know if i have any options or not.
I WENT TO TRADE IN MY CAR ON THE WEEKEND AND WAS GIVEN A NEW CAR WITHOUT THE LOAN APPROVED?
Oct 16th
Question by Really Cool Person:
I went to trade in my automobile on the weekend and was given a new automobile without the loan approved?
I went to trade in my automobile at Tom Jumper Chevrolet USA- world’s largest Chevy Retailer on April 12, 2008 which was on the weekend. I signed all of the paperwork thinking the loan had been approved. Afterwards I was told that the loan had not been approved due to it being a weekend and the banks are shut or do not do loans on the weekend which worried me a lot being that I was been given a BRAND NEW (only 12 miles on it) automobile to drive without an approved loan. I was then told by the finance manager that they would not let me drive off with the automobile if they were not sure that the loan would get approved. Now it’s April 21st and the loan still has not been approved but was told that one bank approved me but I may need a co-signer which I do not have. I asked what’s taking so long and was told that they were “picking at things” (whatever that means) and was reassured that they will get the a loan approved. If the loan is not approved, what should I anticipate to pay for this NEW CAR?
He said he’s going to keep working at it to get the loan approved and that he’s plucking at certain banks.
Why not tell me to bring the automobile back and get my trade-in back until they can get an approval because the car’s value is going down each day that I drive it.
What happens to my trade in like what if someone has already purchased it?
What happens to my downpayment?
I DO HAVE INSURANCE ON THE CAR. I put the automobile on my insurance the first day, so I think I am covered in that area.
I just read my Spot Delivery Agreement AGAIN which did not bother me at first but now that it’s taking so long, I am going to have to pay $ 45.00 PER DAY just for having the car. As of right now that equals to $ 405. I think I am going to return the automobile Today.
CAN I HAVE MY FATHER CO-SIGN A CAR LOAN AND THEN LATER REMOVE HIM?
Oct 14th
Question by codak99:
Can i have my dad co-sign a automobile loan and then later remove him?
I’m currently 17 and am looking into purchasing a new car. I have a steady job and can provide proof of income but as i’m told i can’t purchase the automobile on my own. So could I have have my dad co-sign for the loan and then when i turn 18 have him removed from the loan?
Or should i just wait until i turn 18 as its about 2 months away..
The only reason i’m rushing now is i found the exact model automobile i want and want to grab it before someone else does!
I PURCHASED A NEW CAR BUT THE LOAN HAS STILL NOT BEEN APPROVED?
Oct 13th
Question by the king7:
I purchased a new automobile but the loan has still not been approved?
I just purchased a new automobile and traded in my old automobile but the loan has not been approved and it’s been 12 days now.. My credit score is around 560+ and the original interest rate that I was given is 10.9% which I know is super good for someone with my low credit score and a monthy payment of $ 437 on a 2008 Chevy Impala.
I know that since the dealership is still trying to find a bank to finance the car, they may want me to accept a new contract with either a HIGHER interest rate OR a HIGHER monthly payment or BOTH. I know for sure that I will not except a higher monthly payment. My interest rate on my trade in was 24.99% (We have two kids and being on public transportation in the very cold winter/very hot summer was killing us so we took the high rate in order to provide transportation for our children) but I am not willing to except another rate this high.
My question is…What is too high of an interest rate to except even for someone like me with a very low credit score?