Refinance Car Loan
AUTO REFINANCE WHILE LATE?
Jan 23rd
Question by Phil:
auto refinance while late?
can I refinance my auto loan if I am currently 1 mo past due? I know ppl are going to respond harshly about “who would take on your loan if you’re already late??”
Ok, I have been timely on my bills since the start, but was recently laid off with a wife & kids to support, food was more important & a roof over their heads, I have sought new employment, however it’s almost 1200 less a mo than what I was making.
In desperate need to refi & lower my automobile payment. If anyone has any advice, I’d appreciate it!
Thanks for your answer Adalyn, however, we have a very nice SUV, want to keep the vehicle,…it’s my wife’s Cadillac, I was just seeing if it’s possible to refi with a lower payment so we’re not so strapped ea mo.
thanks!
the car is worth 44k, owe 19k, but we are currently a mo late & my wife is freaking out.
REFINANCE MY AUTO UNDER SOMEONE ELSE?
Jan 21st
Question by MizzTavarez:
refinance my auto under someone else?
i wanted to know what banks will do a refinance to get a auto loan under someone else who has tooken over my truck payments. I am trying to get it out of my hubbies name so we can geta loan for a house. without the truck we will qualify.. we still owe quite a bit on it though. around 29k
well not “tooken” just gave over to benifit us and him….Helped him because no one would.
TRANSFERRING CAR TITLES, AND REFINANCING CAR LOANS, STATE OF TEXAS?
Jan 20th
Question by raydeeo_face:
Transferring automobile titles, and refinancing automobile loans, Say of Texas?
Okay. I have been paying on this automobile since I got in in May. It is in my father’s name, because I could not get one in my name. I had just gotten out of a bad marriage, and had not worked in 6 years. How hard would it be to refinance this automobile loan, and transer it in my name this summer? How can one do that?
AUTO LOAN 26,000 – 72 MONTHS-23%, IF I REFINANCE…AM I REFINANCING 26,000 OR 50,000?
Jan 19th
Question by Joey:
Auto Loan 26,000 – 72 months-23%, if i refinance…am i refinancing 26,000 or 50,000?
Okay so purchase price = 26,000
Loan at 23% for 72 months(6years)
If I refinance after 1 year. Am I refinancing all of that 23% intrest, or just the principal balance?
APPROVED FOR CAR LOAN, BUT JUST STARTED NEW JOB. CAN I USE A COSIGNER FOR JUST A FEW MONTHS?
Jan 17th
Question by :
Approved for automobile loan, but just started new job. Can I use a cosigner for just a few months?
I have just been approved for a automobile loan on my own, based off of my own credit. However, I just started a new job 3 weeks ago and will most likely be another 4-6 weeks until I have gathered enough proof of income to finalize the loan & drive off with my new car. Need the automobile now!! It is becoming way too much of a daily hassle & inconveinence to family to be shuttling me around everyday. I know I can easily get a cosigner for the duration of the loan; but can I have 1 for a short time span-like 2 or 3 months, until I have saved enough paycheck stubs to go back into the dealership & refinance the loan in my name only, dropping the cosigner? Or, is this too much PIA paperwork for the banks & lenders to do? From my research on Google; it sounds like it’s fairly simple to refinance the loan into just 1 person’s name…basically running all my credit & income, etc again & with the proof of income in my hands now, I can sign the loan on the automobile by myself. If I am wrong here…somebody let me know. Thanks 
P.S. In need of automobile b/c stupidly sold mine to move to NYC & when finding a job turned out to be a lot harder up there than I had budgeted for & began to ran out of money; I had to come home to Houston. A automobile is esential here in this massive of & spread out city with freeways everywhere, etc.
Q&A: REFINANCING A DEFAULTED CAR LOAN?
Jan 16th
Question by samantha r:
refinancing a defaulted automobile loan?
has anyone refinaced a automobile loan thats been defaulted with another bank? i keep getting mail from another bank to refinance a defaulted loan-a repo car
if so was it easy? what are the steps? any info on this will be greatly appreciated, thanks
Q&A: SO I HAVE A 12% CAR LOAN THAT I AM UPSIDE DOWN IN. NOBODY WILL REFINANCE ME. BUT, I HAVE A 6.7% CREDIT CARD?
Jan 15th
Question by WD:
So i have a 12% automobile loan that i am upside down in. Nobody will refinance me. BUT, i have a 6.7% credit card?
I have great credit, but i can’t refinance(i’ve tried, even with my own bank with 5k in savings!), i have nothing for collateral.So… since i have 6.7% rate on my credit card, would not it be smarter to start carrying a credit card balance at 6.7% and paying off the extra money on my automobile payment? Or am i going to pay 12% no matter how fast i pay it off?
Like for instance for every dollar that’s on my credit card, i pay that extra on top of my minnium automobile payment, does that make sense?
say i spent $ 200 on some bills/food/gas and just pay the $ 10 minnium… but in return send an extra $ 190-200 on my automobile loan? 12% vs 6.7% i’ll take the 6.7%… over the next 3+ years of my payments. that’s a lot of money i’d save
Q&A: HOW LONG SHOULD I HAVE GOOD PAY HISTORY ON A AUTO LOAN TO TRY TO REFINANCE?
Jan 14th
Question by missjuly15:
How long should I have good pay history on a auto loan to try to refinance?
I have had bankrupcy and repo in the past 5 years. My credit score now is 620 and they have me at a 15% interest rate. I had to have a car. My old one had over 200,000 miles, was 13 years old and was in need of major repair very soon. My payments right now are doable, but eventually I would like to refinance for a lower rate. My credit history since all those issues has been fine. How long should I wait to refinace? I have heard everything from 6mth to 2 yrs. Also when I do, do I have a superior chance of going through the same company? AND…..should I try to pay a little more every mth now to pay off some of the interest or how does that work? I got the automobile for about $ 3000 less than bluebook price, so I got a really good deal.
WHEN WILL THE RECENT FEDERAL RESERVE RATE CUTS TRANSLATE INTO A SIGNIFICANT RATE DROP IN AUTO LOANS?
Jan 12th
Question by bigpoppamike21:
When will the current federal reserve rate cuts translate into a significant rate drop in auto loans?
I have a current auto loan with a fico score of 697. My interest rate is 11% for 72-months. I am looking to refinance this auto loan.
HAVE JUST A YEAR OF CREDIT HISTORY. CAN I REFINANCE MY CAR?
Jan 11th
Question by muth g:
Have just a year of Credit History. Can i refinance my car?
Hello
I’m completing my first year automobile payment (of 5 yrs automobile loan) in Dec2006. The interest rate is high and i would like to refinance.
I have a secured credit card ($ 500) with payments on time and Regular Credit Card ($ 3000) of which i have $ 2500 used but no payments delayed.
Anyone, please advice me
1.How much my credit score approx. would be?
2.Can i refinance my automobile in Jan2007?
3.If i pull my credit info, is it accounted as a Hit?
4.If i ask my lender (any bank, credit card companies) to pull the info, is it a hit?
Please advice. Thanks in advance!
Appreciate it
Casinoroyale