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Auto Loans and Financing
Car loans from institutions such as banks or credit unions for the purchase of an automobile
Total questions 5600
Is there a way to trade in your car if you are upside-down on the car loan?
you can but i would not. stick it out or sell it to someone but it looks like you are stuck because you r upside down The...
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Can a cosigner have their name taken off a debt?
A cosigner can be removed if the other party refinance the vehicle obtaining a loan only in their name. The co-signer will have...
Popularity: 373 • Tools: Recategorize
Can you sell a car when you still have a big car loan to pay off?
Selling a Car with an Existing Loan I'm by no means an expert, and I'm sort of stuck in a similar situation myself. However......
Popularity: 303 • Tools: Recategorize
How can you get a loan without a cosigner when you have a limited credit history?
Car Loans Specialist in USA offers a variety of car finance for your new or used cars with no co-signer. Credit doesn't matter if...
Popularity: 299 • Tools: Recategorize
How can you trade a car when you owe more than it is worth?
Trading a Car When More Owed than Value You can't really trade it without staying in the hole. You can go to a car lot with...
Popularity: 281 • Tools: Recategorize
What do you do if the insurance for a totaled car does not pay off the car loan?
I faced the same thing about a year ago. The insurance company did not want to give me what was needed. I got on-line and found...
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Do you still have to make payments after returning a car?
Making Payments After Returning a Car No, you do not have to make payments HOWEVER.....once they sell the car you still owe the...
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Can you get out of a bad car loan?
Yup, If your interest rate is very high, so you can go for refinancing your car loan at lowest interest rates even with bad...
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Is car loan elimination a scam or legitimate?
SCAM SCAM, they ask you for any type of personal information such as social security number, delete it. When you take out a loan...
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Should you get an auto loan or lease a car?
I think you should get an auto loan instead of leasing a car. You can get an auto loan easily at a lower interest rate and you...
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What do you do with a charged off car loan?
You may wish to check out this link:http://credit.about.com/cs/consumeraction/a/blltrset2.htm. There is dialouge that indicates...
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What is involved in having a dealer pay off your old car loan?
Mainly, it's like trading in your old car for a new one. You'll have to be approved for a car and they may give you certain...
Popularity: 237 • Tools: Recategorize
Is it possible to back out from a car contract once you signed it but did not take the car off the dealer parking lot?
no Answer If you live in California and you sign any contract, you will be unable to return the vehicle. In a rare case, I...
Popularity: 235 • Tools: Recategorize
How do you get the best car loan deal?
Whenever looking for car loan deal you need to remember the following 4 point : 1)Lower rate: Compare the rate of interest of...
Popularity: 231 • Tools: Recategorize
Can someone take over your car loan?
The other person would need to apply for a new loan to pay off your existing loan. You cannot simply switch the names on your...
Popularity: 221 • Tools: Recategorize
Can a person with very bad credit get a car loan if they have a co-signer with excellent credit?
I know of a company that approves 50-60 percent of applicants even with low scores. No fees involved. Yes a person with very...
Popularity: 219 • Tools: Recategorize
What do you do when the bank tells you they will cancel your arranged payment on a car loan account?
Arranged payments In my experience they will repo your car, if you dont make other arrangements.
Popularity: 217 • Tools: Recategorize
Can you return a new car within 24 hours of purchase?
No. Once the tailpipe leaves the curb, it is a used car and you are the owner. If the dealer has given you a special deal that...
Popularity: 216 • Tools: Recategorize
Should you get financing through the car dealer?
Its had many benefit for getting finance from a car dealer. Dealership loans are pretty common. In the past, a dealership car...
Popularity: 207 • Tools: Recategorize
Can an 18 year old with a full time job get financing from a dealership to buy a new car?
Yes you can get a loan from dealer. If you are a student then there are student car loan available for you. See the link in the...
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What happens to a car loan if the borrower dies?
Without seeing the sales agreement and/or loan agreement, it's impossible to answer your question with any certainty. But...
Popularity: 194 • Tools: Recategorize
Should you get a 'bad credit auto loan'?
If you finance the purchase of a car, the total cost of the car increases. That's because you're also paying for the cost of...
Popularity: 186 • Tools: Recategorize
Can you add a missed car payment to the end of the loan?
You might want to talk to the credit consultant who is dealing with your car loan. Most times they will do it, but it matters...
Popularity: 185 • Tools: Recategorize
How old do you have to be to get an auto loan?
Auto loan The age is 18 and with most dealerships you have to have good credit to buy a car. So if your son has a bill in his...
Popularity: 184 • Tools: Recategorize
Can you trade in your new car that you still owe a lot on for a significantly cheaper car?
It is not a good idea to make such a trade. The dealer will offer you significantly less then you owe, an dmove the...
Popularity: 181 • Tools: Recategorize
Where is the pcv valve on a 1999 Grand Prix GT?
Sense its a GT I am going to assume it has a 3100 engine and the PCV is under the intake. You can replce it but unless you have...
Popularity: 179 • Tools: Recategorize
How will a repossession affect your credit in future purchases if the rest of your credit is good and it continues to be good?
Most lenders will view it as a one time thing and consider ALL your other credit experience. Some may require a larger...
Popularity: 178 • Tools: Recategorize
If you have a car loan with a co-signer do you have to get the co-signer's signature to trade the vehicle in or sell it yourself?
Only if they are also on the title of the car. Find out more at www.dealertricks.com Used Auto Finance Want to purchase a...
Popularity: 176 • Tools: Recategorize
What happens if you have not paid your car payment in over a year and no one has repossessed it?
This just means they have not found it yet. They can pick it up and, they can take you to court and you will have to pay the...
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How long does the co-signer have to stay on an auto loan?
Until is paid off. If you've had the loan out long enough to establish enough credit, you may be able to refinance the car with...
Popularity: 174 • Tools: Recategorize
What are all the responsibilities of a co-signer?
A co-signer is responsible for all provisions of the loan agreement. "Co" means equal. You and the primary borrower are equally...
Popularity: 174 • Tools: Recategorize
Can you return a new car after having it for one day?
Returning a car No, I tried and it isn't even covered by law. I bought a new 2005 base-line modle car, financed it and drove it...
Popularity: 173 • Tools: Recategorize
What if you bought a car then two weeks later the dealership informs you that the bank would not approve the loan?
This happen to me; I went to the car salesman that sold me the car and demaned to talk to the car dealership owner. they told...
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How or where can you compare the pros and cons of purchasing vs leasing a new GM Chevy vehicle?
Go to dealertricks.com and click on the leasing page.
Popularity: 173 • Tools: Recategorize
Can you combine car loans on different vehicles?
No Answer Only if you get what is called a consolidated loan. Depending on you situation. You can consolidate all you bills...
Popularity: 172 • Tools: Recategorize
Can the finance company charge 39.91 APR on your car loan in Greenville SC what the set rate max that can charge?
If you signed your contract, more than likely the finance company is not going to change the APR rate. But, on the other hand if...
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What are the rights of a co-signer if the person who has the vehicle has decided not to make payments?
None really. Even if you are on the title to the car as well as being a cosigner, you can't do anything without the other...
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How do you get a car loan at 17?
Wait until your next birthday. A 17 you are still a minor and unable to enter in to a legal contract. Find out what car...
Popularity: 167 • Tools: Recategorize
How can you have someone removed from a car loan?
A lender will not let one person just "drop off" a loan. They like the fact that they have 2 people who are equally responsible...
Popularity: 166 • Tools: Recategorize
Does a co-signer have a right to take a car if the loan is in good standing with the lender?
If the co-signer is on the title of the vehicle, they would have equal right to the car. If they are only on the loan paperwork,...
Popularity: 165 • Tools: Recategorize
Does terminating a car lease early affect your credit?
Well, I am actively looking to trade my lease in early. How does it affect your credit? I am not certain, but I do believe it,...
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If your parents owe money on an automobile loan at time of their death are their children responsible for the debt?
Not unless the children co-signed the note. Well, the estate of the parents will owe the debt. First of all, the use of...
Popularity: 163 • Tools: Recategorize
If you cosign a loan will the loan amount show up on your credit report as a debt even though you are not the primary borrower?
Yes. Co means equal. You are both equally responsible for the loan. Find out what car dealers don't want you to know at...
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When purchasing a vehicle can you change to another vehicle if the papers have been signed but the financing not yet finalized?
absolutely but, beware..dealerships will try to get you to buy no matter what. even after the papers are finalized and you have...
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What does being upside down on your car loan mean?
Know - what is Upside Down Car loan ?? When you go about securing a car loan the vehicle itself is used as the collateral on...
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Can a creditor report a debt for a vehicle returned for mechanical problems?
Unless the car qualified under the lemon law, YES. Type in "Lemon Law + "your state"in your browser.
Popularity: 158 • Tools: Recategorize
After being divorced how can you be removed from car lease with ex when they have the car?
You can't. I've never heard of a lender/lease company letting someone off. They would always prefer to have two people on the...
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Can a 16-year-old who has a successful part-time job and runs two of his own businesses get a car loan and if not why not?
No you can not. You must be at least 18 to enter in to a legally binding contract. Find out what car dealers don't want you...
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Can you trade a car that is only in your name in on a new car that your boyfriend will be financing for you in his own name?
Yes you can. However, if the car is really for you, the lender probably won't do it. This is what is known as a "straw deal". ...
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Where do you go to get a loan when you have a repossession on your credit report?
A "buy here, pay here" place is about the only option. You'll pay more in interest, but if they quote you any more than 25%, go...
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What actions are typically taken by a lender if auto insurance is cancelled or expired and how long is the grace period?
Most finance/lease contracts allow the lender to either take the car back or purchase insurance and then charge the customer for...
Popularity: 154 • Tools: Recategorize
How do you sell a car on which you still owe money?
Contact your lender for an exact payoff balance and ask to make sure they physically have the title in their possesion. Have...
Popularity: 154 • Tools: Recategorize
Will making a big down payment get you a lower interest rate?
It should, but you may have to demand/fight for it. The big down payment means less risk to the lender if they have to repossess...
Popularity: 153 • Tools: Recategorize
Can your wages be garnished if you default on a car loan?
YES, in most cases. Answer I have never heard of anyone having wages garnished to pay for a car loan (of course, I live in...
Popularity: 152 • Tools: Recategorize
How can the co-signer be removed from a car loan?
You can try to re-finance the car with a different lender without the cosigner, if you've established enough good credit. Find...
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If you get a loan in your name can the car be titled in another name?
No. Answer I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his...
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If you are in an accident and you have no insurance what will the bank do when they find out your car is totaled?
The lender has several options but the one you will be concerned with is: SUE YOU for the money. Depending on how long you didnt...
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Can a 16-year-old making 8K a month get a car loan?
If you are making that kind of money just hire a car and driver. You have to be eighteen to legally enter in to a contract....
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If the car is registered in the cosigner's name can the primary borrower take the car if the cosigner is not making the payments?
It depends on the state you are in and the laws of that state. I had the exact same issue in Georgia. I am a co-signer. In...
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How can you get a car loan when your monthly income is not always the same?
With any loan -- whether it's for a car or a home or whatever -- the lender needs to know what your income is over time. If your...
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A person has died and when the car was purchased finance insurance was not offered who is responsible for the loan?
As far as I know, in Texas, the son is not responsible for the debts of the father. In other words, no one HAS to pay it off....
Popularity: 148 • Tools: Recategorize
Can a lender on an auto loan require a co-borrower or guarantor to go on the title?
The lender can require just about anything, but it is more likely that they will want every name on the title to be on the loan,...
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If you pay more than the amount due every month do you still get charged the same amount of interest?
NO, you should actually pay LESS interest over the period of the loan. You will actually pay it off sooner. Answer If you are...
Popularity: 144 • Tools: Recategorize
How can a 17-year-old get an auto loan?
Car Loans at 17 Wait until your next birthday. A minor can not enter in to a legal contract, so no lender will give you a loan...
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If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?
you can stop making payments, but because of contracts that were probably signed before posession of vehicle was taken, you can...
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If your car was stolen and you have already bought a new vehicle will you still owe on it if you report it to the bank?
WHEN your car was stolen or how many other cars you have bought doesnt really matter to the bank. You will pay the balance due...
Popularity: 143 • Tools: Recategorize
If your mom died and she owed more on her car than it is worth and there was no life insurance on the loan who is responsible?
The cosigner if there is one is first to be responsible for the balance of the loan. After that the mom's estate meaning who ever...
Popularity: 142 • Tools: Recategorize
If the lease holder has passed away can the person who is using the car continue to use it if he makes the payments?
YOU ASKED: "Can the Lease Holder Take the Auto from my possession or is that against the law if the payments are made...
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If you own a car but are moving how can you lease the car to somebody else while you are out of the country?
Hi J, You can do that either on your own or through an Authorized Agency or your Legal Advisor. If you wish to do it on...
Popularity: 138 • Tools: Recategorize
What can be done if a bank cancels an arranged payment on a car loan?
I don't understand the question. Can you give me more details? Jim Find out what car dealers don't want you to know at...
Popularity: 137 • Tools: Recategorize
A dealership went bankrupt several months after purchasing two vehicles now they are upside down and no one will take the cars for trade in what can be done?
Nita, sorry but the loans were upside down the minute you signed the loan papers. Pay off the loans. Answer The dealership...
Popularity: 135 • Tools: Recategorize
Do you have to keep making your car payments when the car is totalled and you are in the process of suing your insurance company to pay for the car?
Yes. Answer Unfortunately yes. Even if you lose your lawsuit and are left with a uselss car you still have to pay off...
Popularity: 129 • Tools: Recategorize
Will putting a big down payment on a car suffice even if you have a poor credit rating and a co-signer that has OK credit?
If you have a job that pay's $1400 or more a month and your 18 or older you could get financed on your on,with 70% down. i...
Popularity: 128 • Tools: Recategorize
Is a person responsible for the remaining balance of a reaffirmed car loan when it is voluntarily returned to the dealer after a bankruptcy?
Yes. When you reaffirm you agree to continue the debt and it is removed from the bankruptcy estate. Also, the debt in this...
Popularity: 127 • Tools: Recategorize
If the buyer is not making payments on time all the time and does not have a job and also does not have a driver's license how the cosigner get him removed from the car loan?
You would have to buy the car from the other person and take a loan in your own name. Find out what car dealers don't want you...
Popularity: 124 • Tools: Recategorize
Do you have the right to request proof of the remaining balance of your contract because your last payment is due and is different than the contract?
Yes. I've requested a record of my payment history and balance left over many times. I would speak to the loan company...
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Is high credit card debt or a high car loan more detrimental to your credit score?
Both are equally as bad. Credit Cards more so. Is easier to get things if creditors see your paying on one "big" thing. Where...
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Can Social Security benefits be garnished for a defaulted car loan?
No. All types of social security benefits are protected by law and cannot be seized in any way.
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If you co-sign for an car loan and the car registration and insurance are in only your name and you make all of the payments and you have possession of the vehicle does the other person have any right to take the car?
You are confusing me. The primary borrower should have the registration, insurance, and possession of the vehicle, not the...
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Why might a battery not hold a charge after replacing the battery and having the alternator tested?
check for a drain on the battery. It sounds like something is drawing power from the battery all the time. Answer Also make...
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In you signed a car loan for your daughter and added her as co-owner but she gets rid of the car and expects you to pay what are your rights?
None, except for taking the person to court and suing for damages. You co-signed, its ultimately your baby! pay up now.
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How do you go about taking over another person's car payments?
I believe you need to go with the current owner of the vehicle to the current bank that the vehicle's current owners is an...
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Can you get a car loan with an open chapter 13 bankruptcy?
Perhaps, but the terms will not be favorable, most especially the rate of interest. It is also a requirement when in a Chapter 13...
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What is the formula for calculating APR?
Assuming you mean Annual Percentage Rate You can find the formula, as well as a handy calculator here:...
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If you've paid a deposit and signed bill of sale can you cancel this sale if inspection turns up some things in disrepair?
Yes. Find out what car dealers don't want you to know at www.dealertricks.com
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How do you sell a car that still has a large balance on the loan?
You could try ebay,auctions, personal sale or want ads in the newspaper or online.
Popularity: 66 • Tools: Recategorize
If someone is disabled and therefore unemployed but getting SSDI how can he obtain a person to person auto loan for a used car?
"he' would call local lenders until he found one willing to make a loan based on his CR and expenses and income.
Popularity: 66 • Tools: Recategorize
Can you return a car if the dealership gave it to you to drive and two months later the bank still has not gotten the paperwork?
If you did not sign any loan or payment paperwork, you can return it and they can't post anything on your credit. They have to...
Popularity: 65 • Tools: Recategorize
What happens to a loan on a car when the loan holder dies and there is no cosigner or insurance on the loan?
The loan must be paid out of the estate (sell of home, life insurance policy, etc...) Otherwise, the estate will be held up in...
Popularity: 65 • Tools: Recategorize
Can you get a vehicle retitled in your name only even though the lien is not paid?
No. Find out what car dealers don't want you to know at www.dealertricks.com Answer Depending on where you live. For...
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How do you take over car payments from someone else?
Contact the lender and get their approval.
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Can your finance company go to the authorities and file grand theft auto if you are behind on your payments?
Damien, as long as you are behind, they can repo. read your conract where it mentions "DEFAULT". If you are in default, they have...
Popularity: 61 • Tools: Recategorize
Can an 18 year old with a full time job get a lease from a dealership for a new sports car?
Most likely, no, but it all depends on the credit history. In order to get a lease on a new car one needs to have a pretty well...
Popularity: 60 • Tools: Recategorize
How can you get a loan on a paid-off vehicle?
Here is what would happen, first if the "true" value is 7000 and you want to borrow 5000, then you go to your local bank or...
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If someone stops making payments on their car loan and you are the cosigner and your name is also on the title can you pay the loan off and take possession of the vehicle?
Possibly. Contact an attorney for a definate answer.
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If you want to take over the payments on someone's vehicle is it possible to just add the person's name as the co-signer?
With some banks, yes. With others, they will require you to obtain a new loan. Find out what car dealers don't want you to...
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How does your loan affect your co signers debt to income ratio?
You and your co-signer are both responsible for the entire car payment, so the payment would be applied to their debt to income...
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How do you get a car loan with an open bankruptcy a total loss car and no co-signer?
go to a buy here pay here car lot with a nice down payment you will get a car. BUT ask your trustee for permission.
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If you still owe on a car would you be able to trade it in for another vehicle and what would happen to the remaining balance?
Yes, you can trade a car when you still owe money on it. The key is what is the difference between what you owe and what the car...
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Does paying off your car loan improve your credit score?
No, there is no benefit to your credit score to pay off an installment loan early. Installment loans are established by a...
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