Car Loan Help

HOW CAN I GET A CAR LOAN TO PAY OFF SOMEONE ELSE’S LOAN?

admin — Thu, 23 Feb 2012 06:34:09 +0000

Question by Cathy:
How can I get a automobile loan to pay off someone else’s loan?
I’m buying a automobile from a private seller but she hasn’t paid off the original loan. I do not have the amount needed to pay it off out of pocket. I want to get a loan to purchase her loan out so that the automobile could be transfered into my name. Are their banks that do this? How can I do this?

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Answer by Scott H
Yes, banks and credit unions loan money. That is what they do.

Answer by Jesse
Um, EVERY bank that gives out loans can handle this

Say she is selling her automobile for $ 10,000 to you. She owes $ 8000.

If you go to your bank and qualify for the $ 10,000 loan, then everything is good. Between the two banks, they will pay off that girls loan and sell the automobile to your bank. That girl will walk away with $ 2000 and you will have a car

Answer by Prechaman
I have seen and dealt with this type of stuff in the past and my advice to you is to find you anothr automobile or go on craiglist. this is not a very wise decision.

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I HAVE A QUESTION ABOUT A CAR LOAN I JUST HAD REFINANCED?

admin — Thu, 23 Feb 2012 02:35:07 +0000

Question by tomcruise:
I have a question about a automobile loan i just had refinanced?
I just had a automobile loan refinanced I had requested payoff amount of 1400, actuall payoff was somewhat lower. However, a mishap happened somewhere and now capital one is stating that they paid 15600 for the loan. I contacted Citi Auto and they concurred with me that is impossible, since when I opened the loan with citi a year ago it was only 15100 (original balance is less than what capital one is stating they paid for the loan now). Citi also told me that they have not received any payoffs from capital one or any inquiries. Now I am left with 15600 (2000 more than the actual payoff I got from citi minutes ago) sitting on my credit report. The worthless people at cap one are telling me there is nothing I can do. Is this true, is there anything I can do to correct this problem?

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Answer by Steve R
Did Cap One have a $ 500 fee for getting the loan? Read your loan papers.

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IS THERE ANYWHERE ON THE WEB THAT I CAN GET AN AUTO LOAN WITH NEGATIVE CREDIT?

admin — Wed, 22 Feb 2012 23:36:40 +0000

Question by big_mutha_fisher:
Is there anywhere on the web that I can get an auto loan with negative credit?
I do not have really bad credit, just a reposession and a few unpaid bills.

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Answer by laurenro75
search for 2nd tier lenders. also, ford works with people with bad credit.

Answer by Celeste
Try www.barnone.com or 1-800-bar-none.
You can also go to places like Automobile Hop or JD Byrider. The payments & interest will be higher though.
Sometime automobile dealerships offer automobile loans for slow paying, bankruptcy or bad credit. Check your newspaper for ads.

Good luck getting your new car!

Answer by monkeysac
http://loans.mamayek.com/autoloans.html

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WHAT DO BANKS DO ABOUT A CAR LOAN WHEN YOU ARE GOING THROUGH A DIVORCE?

admin — Wed, 22 Feb 2012 02:33:21 +0000

Question by ~*Understanding Patience*~:
What do banks do about a automobile loan when you are going through a divorce?
How can you get your spouses name off the title/loan (assuming they concur to it)? Or do you have to wait until it’s paid off and THEN take them off the title? Do you have to get a lawyer?

We are trying to avoid all court costs by doing it ourselves.

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Answer by Mike S
You can try to refinance it and then get his name off of the loan. Good luck with that though. The banks are being terrible about lending lately.

Answer by happy 1
it depends on who got the loan out. if you then yeah the bank will work with you. if it’s under your husbands then you would probably need to get a new loan.

good luck

Answer by tfblechris
If you can concur to it in advance, then after the divorce is finalized all you have to do is go down to the bank with your divorce papers and tell them you want to get a new title and remove a name from the loan.

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Q&A: DO YOU AUTOMATICALLY GET APPROVED FOR A CAR LOAN IF YOU HAVE BAD CREDIT BUT HAVE A CO-SIGNER?

admin — Tue, 21 Feb 2012 20:31:57 +0000

Question by RocKerChick:
Do you automatically get approved for a automobile loan if you have bad credit but have a co-signer?

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Answer by mojojojo
If your co-signer has good credit , then yes, that is what co-signers are for.

Answer by Dixie Darlin’
No, there is not automatic approval just because you have a co-signer.

Both you and the co-signer will have to meet the lenders stipulations for the loan, there are several factors including time of employment, amount of money made, what other debt loads that the celebrations carry, both celebrations capability to repay the debt, etc.

Answer by Brito
It does not happen automatically or some thing. There are approval process and you will have to go through them for sure. I would advice you to enquir in as many places as you can and collect information. After this sort them and get the ideal one that will fit your needs. There are lot of bad credit loan providers who will be ready to lend you money. Most of them are predominantly available in world wide web and take advantage of them.

I hope http://loan-guides.net will help you get an auto loan from bad credit loan provider.

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AUTO LOAN REFINANCING?

admin — Tue, 21 Feb 2012 19:35:17 +0000

Question by Phat Kidd:
Auto Loan Refinancing?
I am looking to purchase a new automobile with my wife co-signing. My credit is horrible and will not be able to get a loan without her help. The questions are: Will a year or two of paying the automobile loan payments with no missed or late payments plus keeping all other credit payments on time build my credit enough(generally speaking) to eventually re-finance the automobile in my own name a year or two down the road. Also, does this sound like something that can happen or does happen a lot, re-financing without the co-signer a year or two down the road? What does re-financing entail, fines, etc…?

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Answer by OnTheProwl007
yes it can happen that is what I did with my first automobile my father cosigned it was a 36 month loan by the 20th or 21st month I refinanced and it was just in my name, re financing means that you are paying more for the automobile than it’s worth you will probably pay for it twice but you should refinance and pay it off after a year that way it looks good on your credit and you do not pay a lot in finance charges. Good luck

ps you might even get some extra money out of it

Answer by fukinluckyfuker
Start by speaking to a local credit union or two about getting your initial loan, and how they might let you take it over by yourself in two years. This is the kind of stuff credit unions are good at, and they can assist you over the two years in cleaning up your credit report etc…

Not like the dealership’s finance companies, who will not let you refinance in two years (not with them, anyway). And they had charge you double what a credit union would. Only take dealership financing with bad credit if a credit union has already declined you. You can go get pre-approved for X amount, then go shop for the automobile you really want.

Best part is, you can then pound down the price of the car, letting the dealer think he can get some more money back from financing it. Then you tell him you will bring a check in the morning for the car, at the lowest price you could get him to. Do not tell him you have financing until you set the price of the car. Just state we will get to that part.

Answer by Bubbles
I do mortgage loans and I have helped my buyers improve their credit score first by optioning out. This website is free and it makes you appear as less of a credit risk:

https://www.optoutprescreen.com/?rf=t

Do the opt out electronically for 5 years, I have seen it help. Pay off any current collection (if you can afford a small one). Wait about 30 to 45 days… this does help. Dispute any incorrect information on the web at either – Equifax, TransUnion or Experian (they all have websites depending on which one is reporting your information).

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Q&A: PERSONAL LOAN WITH BAD CREDIT?

admin — Mon, 20 Feb 2012 17:32:00 +0000

Question by vnewhalljr:
Personal Loan with Bad credit?
Im trying to get a personal loan. My credit isint so bad. Im now current on my auto loan payments for the past 4 months, I opened a new account and im current on that, My other credit card I just caught up with. The only negitive thing on my report is a telephone collection bill that was from June 07. Is there any company that can help me get a $ 3000 Loan with credit like this.

I’ve tried prosper!! Negative

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Answer by rocking k
It takes credit about 6 months to establish, so depending on the history on the new account it will depend on how long you have had it to know if it will help you. As for the prior bad reporting it would depend on how bad. Were the accounts 30, 60 ,90 days? Utility bills are not always counted against you. Depending on how much credit you have established and how much negitive marks you have will depend on how much you can get but try Citifinancial. They might be able to help. Look in your local phone book, there are offices all over. Be careful as to how many places you let pull your credit, too many inquiries are not good for your score. It will only drag it down.

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Q&A: IS THERE A WAY TO LOOK AT WHAT MY REFINANCE RATE WOULD BE WITHOUT GOING THROUGH WITH IT?

admin — Mon, 20 Feb 2012 12:34:58 +0000

Question by Annie H:
Is there a way to look at what my refinance rate would be without going through with it?
I would like to refinance my automobile loan, but I am not sure if my credit will be superior than my parents (their name is on the original loan). I want to know what my rate and payments could be before I decide to do it.

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Answer by Serenity
If you think that you are paying a higher repayment amount for your existing automobile loanyour monthly costs. Secondly, you might avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.

Answer by ivbark
I would recommend that you go to any on line credit report website (www.myfico.com), pull you credit and print all three credit reports. With that info, you can then call banks or even go to lendingtree.com and see what the banks have to offer. Keep in mind that most banks have a fee to get in the loan (prepaid interest), and a fee to get out if you pay the loan off before 75% of the payments have been paid. So to get out of the loan your parents already have might cost you around $ 325 ($ 175 prepaid interest, and $ 150 prepayment penalty) just to begin a new loan with more fees. It is a great idea to get that loan in your name if you can so you develope credit for paying the payments. Also there are banks out there that are feeless (some credit unions, wells fargo, cap one, citizens). Just some things to keep in mind while doing your shopping.

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HOW MUCH DO YOU NEED TO GET A LOAN FROM A BANK FOR A CAR?

admin — Sun, 19 Feb 2012 18:32:52 +0000

Question by Big_pop_28:
How much do you need to get a loan from a bank for a car?
How much do you need to get a automobile loan from a bank in Wisconsin? Is there a percentage you need for a down payment?

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Answer by mccoyblues
20% is standard. 10% works if you have superior than average credit. Zero down payment works only if you have excellent credit.

Answer by ken k
depends on the loan value on the individual car/

Answer by N
If you have to ask that, you probably do not qualify for a bank loan.

Ive financed 2 automobiles in my life. Both times I financed 100% of the buy price.

I have always had very good credit.

If you do not have good credit, you probably cant borrow with 20% down.

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BEST PLACE TO GET A LOAN WITH BAD CREDIT..?

admin — Sun, 19 Feb 2012 14:32:13 +0000

Question by Sinder:
Best place to get a loan with bad credit..?
My credit kinda sucks, its bad credit! I am trying to purchase a automobile and have some money but need a couple thousand more. I was wondering where would be a legit and good place to get a loan for like a small amount like 1k or 2k. Also does it matter if its a personal loan, school loan or a auto loan? Any of those easier to get than another?

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Answer by sarahsmile90
With bad credit an auto loan would be your ideal bet. The only issue is that you will not get one for the amount you are looking at. If you are purchasing a automobile that is 4-5 thousand then it must be an older model, not to mention that bad credit lenders do not finance that small an amount. With bad credit you would not qualify for any legit personal loan, stay away from payday or title loans. Either keep saving or purchase a automobile with what you have and work on repairing your credit for a future auto loan. Good luck.

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