Refinance Car Loan
WHY IS IT THAT EVEN IN THESE HARD TIMES, AUTO LOAN TERMS CANNOT BE RENEGOTIATED?
May 5th
Question by romper996:
Why is it that even in these hard times, auto loan terms cannot be renegotiated?
I’m in a bad automobile loan with a high APR. Back when I got it, I was making around 50k/yr and had terrible credit due to a divorce. I now make over 100k/yr base and own my own home. I cannot get refinancing and cannot get the terms renegotiated. Why?
WHAT CAN I DO TO GET MY NAME OFF AN AUTO LOAN AND PUT IT IN MY COSIGNERS ONLY?
May 4th
Question by Junebug:
What can I do to get my name off an auto loan and put it in my cosigners only?
My boyfriend cosigned the loan on my car. We broke up and he took the automobile and moved across the country with it. I am fine with that as long as he puts the loan into his name only and my name comes off everything so I am not liable. There is $ 1645 left on it. Can we just get the dealership to take my name off and put everything in his name? How would he go about ‘refinancing’ it so I can get my name off?
Also, am I vulnerable from a legal standpoint? Can I get sued for any accident the automobile is involved in? I do not know if he’s paid the insurance but he told me that in Illinois only the driver is at fault.
Anyone know?
CAN SOMEONE REFINANCE A CAR THAT IS CURRENTLY FINANCED AND TITLED UNDER ANOTHERS NAME?
May 2nd
Question by :
Can someone refinance a automobile that is currently financed and titled under anothers name?
I know this is sorta’ a creative question, but I am curious whether this could be possible. I currently finance a automobile through Toyota and hold the title in my name, but originally financed the automobile for my friend who currently makes payments to me and I send them along to toyota. I was curious, rather then him attaining a regular auto loan so to speak, can he apply for an auto refinance loan and acquire this car. This would technically be him purchasing the car, correct? Can this be done through a refinance loan even though its currently financed and titled in my name or would he of had to of been somewhere on the current loan or title to do a refinance? The reason I ask is because we have a company that is willing to offer a refinance loan for him at a decent rate, with all considered, while he has been turned down for many traditional auto loans. Would this be a side-about way to somewhat acquire and purchase a automobile from someone? Thanks.
DOES IT MAKE SENSE TO PAY A LITTLE ON THE PREMIUM OF MY AUTO LOAN EACH MONTH AT MY CURRENT INTEREST RATE?
May 1st
Question by songman:
does it make sense to pay a little on the premium of my auto loan each month at my current interest rate?
currently i am paying off an $ 8700 loan at 15% interest. my payments are now $ 235 per month. i plan on getting refinanced at a much superior interest rate with my credit union in a few months. (they require 6 on-time payments before they’ll refinance me. i’m getting ready to make my 3rd of 48 payments.
i would like to start paying about $ 20 or $ 30 on the premium — which i would add to each check i send. but does it make sense to do this now (at 15% interest), or should i wait ’til i refinance at maybe around 1/2 that rate?
“TRANSFERING” A CAR LOAN? IS IT JUST REFINANCING? AND IS REFINANCING A GOOD IDEA?
Apr 30th
Question by Tonya in TX – Duck:
“Transfering” a automobile loan? Is it just refinancing? And is refinancing a good idea?
I just saw a commercial saying if I join their credit union and transfer my automobile loan to them, I get a $ 500 Visa debit card. I am not in it for the debit card. But if I transfer my automobile loan to them, am I refinancing? If I have a high interest rate now, if I change to them can I also get a superior interest rate? What are the advantages and disadvantages to refinancing?
WHEN CAN U REFINANCE A CAR AFTER U GOT A LOAN OUT FOR IT?
Apr 28th
Question by Angela P:
when can u refinance a automobile after u got a loan out for it?
CAN I REFINANCE AN AUTO LOAN FOR A BIGGER LOAN?
Apr 27th
Question by Albert s:
Can I refinance an auto loan for a bigger loan?
Say I owe 5000 left on my automobile can I refinance for 7000 to get $ 2000 in my pocket? If I am not upside down on the loan? Thanks
“TRANSFERING” A CAR LOAN? IS IT JUST REFINANCING? AND IS REFINANCING A GOOD IDEA?
Apr 26th
Question by Tonya in TX – Duck:
“Transfering” a automobile loan? Is it just refinancing? And is refinancing a good idea?
I just saw a commercial saying if I join their credit union and transfer my automobile loan to them, I get a $ 500 Visa debit card. I am not in it for the debit card. But if I transfer my automobile loan to them, am I refinancing? If I have a high interest rate now, if I change to them can I also get a superior interest rate? What are the advantages and disadvantages to refinancing?
Q&A: IS THERE ANYTHING I CAN DO TO GET CREDIT FOR MY AUTO LOAN?
Apr 25th
Question by soul cyster ttc#1:
Is there anything I can do to get credit for my auto loan?
I have my car financed through the dealership I bought it from (big mistake, never do this!) and they are not reporting it on my credit. I have never missed a payment and I pay $ 436.25 a month for my vehicle. Have paid it for fifteen months, never late. I really really want to get my car refinanced now but cannot because I am not getting any credit for my loan with the dealership. Is there anything I can do to fix this?
WHY WON’T MY AUTO LOAN GET REFINANCED?
Apr 23rd
Question by r.tenbrink:
Why will not my auto loan get refinanced?
I have a loan through Chase bank. We have paid the loan payments and added a bit to each payment to pay down the principal. I have had the loan for 10 mos. at 18%. My credit was terrible when we were initially financed. My credit score has gone up over 100 points since the loan started. I have had no late pays or added any credit that I did not have at the time of the loan. I was denied refinancing by Chase, and really do not understand. My credit is way better, and I have paid everything on time. Any underwriters out there that can help me understand?