Loans References » Auto Loan http://www.loansreferences.com Get Home, Auto, Student Loans Information Thu, 09 Sep 2010 10:41:44 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 Can I get an auto loan on a vehicle I already own? http://www.loansreferences.com/can-i-get-an-auto-loan-on-a-vehicle-i-already-own/ http://www.loansreferences.com/can-i-get-an-auto-loan-on-a-vehicle-i-already-own/#comments Thu, 09 Sep 2010 10:41:44 +0000 admin http://www.loansreferences.com/can-i-get-an-auto-loan-on-a-vehicle-i-already-own/ Two years ago, and straight out of college, I bought a used car privately (from an acquaintance, without going through a dealer). I needed the cash quick to make the deal, so I took out a “personal loan”, unsecured. This means I hold the title to the car (which I wouldn’t have if I’d gotten an auto loan), but the bad news is that I pay exorbitant interest rates on this loan, since the car wasn’t recognized as collateral.

Is there any way to “go back” and refinance the personal loan at least in part as an auto loan? In other words, can I put the car up for collateral in order to get a better interest rate?
I have pretty good credit (around 750) and have never missed a payment. I just don’t want to have paid twice the loan amount in interest by the time I’m done.

]]> http://www.loansreferences.com/can-i-get-an-auto-loan-on-a-vehicle-i-already-own/feed/ 3 Auto loan without cosigner / credit question. ? http://www.loansreferences.com/auto-loan-without-cosigner-credit-question/ http://www.loansreferences.com/auto-loan-without-cosigner-credit-question/#comments Wed, 08 Sep 2010 22:28:18 +0000 admin http://www.loansreferences.com/auto-loan-without-cosigner-credit-question/ Im a college student who is trying to build up credit from scratch
by getting a credit card with small limits. ( secured if worst case )
I need a car for a college If I were to commute to college.
I have no credit nor co-signer. and I’ve heard from multiple people
saying that Dealers will get you the loan. but with high % APR
paying 10~20% apr. Im ok with the high interest . because I know my situation
Im trying to get a loan for $10000, and downpay about $4000 to buy a $14000 car.
Does the “lender” which dealers find you. apply the interest rate for $10000 ? or some
randomly ridiculously high $ amount ?

It will be really helpful If somebody with an experience like this could answer.
Thank you

I’ve heard that dealers get people with no credit/bad/no-cosigner/
a loan from one of those “scam-looking” loan company ( looks like a retail store) with
Enormous and Ridiculous Apr %.
and

]]> http://www.loansreferences.com/auto-loan-without-cosigner-credit-question/feed/ 2 Need a warranty for a used car. Do I HAVE to use the one through the dealer? http://www.loansreferences.com/need-a-warranty-for-a-used-car-do-i-have-to-use-the-one-through-the-dealer/ http://www.loansreferences.com/need-a-warranty-for-a-used-car-do-i-have-to-use-the-one-through-the-dealer/#comments Wed, 08 Sep 2010 21:49:29 +0000 admin http://www.loansreferences.com/need-a-warranty-for-a-used-car-do-i-have-to-use-the-one-through-the-dealer/ I just got a loan from JP Morgan Chase for a used 2000 Audi A6 with 88,000 miles. The dealer told me that because its expensive to work on he would suggest a waranty. But also because it has a Turbo engine, it would be pointless for me to go with a basic one. The one (out of the three) called the PLUS plan he said would cover a turbo engine but he said it would go for around $3500 for 2 yrs. Do I have to go with the “brand” waranty company suggested by the dealer?,… or is there another waranty provider I can use… Do they need to be approved first by JP Morgan or something?… Or does $3500 sound fair? Are there any auto dealers or ASE guys willin’ to help me with this question?…. Thanks a bunch.

]]> http://www.loansreferences.com/need-a-warranty-for-a-used-car-do-i-have-to-use-the-one-through-the-dealer/feed/ 4 Will it hurt my credit rating if I pay off my car & student loans with a lower interest rate credit card? http://www.loansreferences.com/will-it-hurt-my-credit-rating-if-i-pay-off-my-car-student-loans-with-a-lower-interest-rate-credit-card-4/ http://www.loansreferences.com/will-it-hurt-my-credit-rating-if-i-pay-off-my-car-student-loans-with-a-lower-interest-rate-credit-card-4/#comments Wed, 08 Sep 2010 21:44:33 +0000 admin http://www.loansreferences.com/will-it-hurt-my-credit-rating-if-i-pay-off-my-car-student-loans-with-a-lower-interest-rate-credit-card-4/ My concern is that all of my loans will be in one lump sum on a credit card. There will no longer be any auto loan or student loan. It will look like I went shopping and won’t look very responsible

]]> http://www.loansreferences.com/will-it-hurt-my-credit-rating-if-i-pay-off-my-car-student-loans-with-a-lower-interest-rate-credit-card-4/feed/ 7 How to get wife’s name off of auto loan? http://www.loansreferences.com/how-to-get-wifes-name-off-of-auto-loan/ http://www.loansreferences.com/how-to-get-wifes-name-off-of-auto-loan/#comments Wed, 08 Sep 2010 10:41:16 +0000 admin http://www.loansreferences.com/how-to-get-wifes-name-off-of-auto-loan/ My credit is too bad to refinance and can’t sell it either. She put in the divorce papers that she wants her name off the title. I’ve been trying for months, but can’t sell or refinance. What do I do?

]]> http://www.loansreferences.com/how-to-get-wifes-name-off-of-auto-loan/feed/ 4 Auto loan co-sign: what should I do? what can I do? I co-signed an auto loan for my ex-bf about 2 years ago. ? http://www.loansreferences.com/auto-loan-co-sign-what-should-i-do-what-can-i-do-i-co-signed-an-auto-loan-for-my-ex-bf-about-2-years-ago/ http://www.loansreferences.com/auto-loan-co-sign-what-should-i-do-what-can-i-do-i-co-signed-an-auto-loan-for-my-ex-bf-about-2-years-ago/#comments Tue, 07 Sep 2010 22:41:24 +0000 admin http://www.loansreferences.com/auto-loan-co-sign-what-should-i-do-what-can-i-do-i-co-signed-an-auto-loan-for-my-ex-bf-about-2-years-ago/ Now I really need to take my name off the loan. What should I do if it seems he doesn’t want to cooperate? (i.e. not go to the bank to have the loan refinanced; not answer my phone calls; not reply my email). What can I really do in this situation?
Please give me some advice. Thank you very much.

]]> http://www.loansreferences.com/auto-loan-co-sign-what-should-i-do-what-can-i-do-i-co-signed-an-auto-loan-for-my-ex-bf-about-2-years-ago/feed/ 4 Auto loan with no credit? http://www.loansreferences.com/auto-loan-with-no-credit-2/ http://www.loansreferences.com/auto-loan-with-no-credit-2/#comments Tue, 07 Sep 2010 21:46:08 +0000 admin http://www.loansreferences.com/auto-loan-with-no-credit-2/ What’s the best way to get a small loan ($4k) for a car with no credit? I am a college student and am not able to get someone to cosign on a loan for me. I do have a well-paying summer job, and will have a part-time job during the school year- but don’t make $1k or more, so I can’t commit to a loan that requires a minimum monthly income. I know the interest rate will be high, but where’s the best place to go for a loan when I have not yet established credit?

]]> http://www.loansreferences.com/auto-loan-with-no-credit-2/feed/ 2 What should my interest rate for an auto loan be with a credit score of 576? http://www.loansreferences.com/what-should-my-interest-rate-for-an-auto-loan-be-with-a-credit-score-of-576/ http://www.loansreferences.com/what-should-my-interest-rate-for-an-auto-loan-be-with-a-credit-score-of-576/#comments Tue, 07 Sep 2010 21:08:34 +0000 admin http://www.loansreferences.com/what-should-my-interest-rate-for-an-auto-loan-be-with-a-credit-score-of-576/ I live in Indiana if that helps… I’m looking for a used SUV.

]]> http://www.loansreferences.com/what-should-my-interest-rate-for-an-auto-loan-be-with-a-credit-score-of-576/feed/ 7 mortgage: from 7. 11% fixed to 8. 63% adjustable. Should I auto. Refinance? http://www.loansreferences.com/mortgage-from-7-11-fixed-to-8-63-adjustable-should-i-auto-refinance/ http://www.loansreferences.com/mortgage-from-7-11-fixed-to-8-63-adjustable-should-i-auto-refinance/#comments Tue, 07 Sep 2010 10:41:36 +0000 admin http://www.loansreferences.com/mortgage-from-7-11-fixed-to-8-63-adjustable-should-i-auto-refinance/ My sister has a mortage for $79,000.00 loan for which she was paying a fixed 7.11% for two years. She was just notified that the new adjustable rate will be 8.63% adjust. (approx. 100.00/month more!). My question is: Should she refinance so that she doesn’t pay 100./mo. more? And if it is a good idea to refinance, please explain what the pros and cons of refinancing are, and what she should be looking for. I believe the value of the property is supposed to be $110,000.00 now.
(please tell me what details you might need to better assess the situation so that you can provide resolution options)
Thanks, in advance – She will need to make a decision within the next three or four days – PLEASE HELP!!!!

Also, this I enter this in the correct Yahoo Answers category? (credit)
Thanks for the answers so far. Can you also be more specific as to “what her goal should be?” It it reasonable to request/look for another 7.11 fixed? Also, any negative side to refinancing?
LTV=79K/110
cred.score=low (560)
income=2652/mo (31,824/yr)
(thx!)

]]> http://www.loansreferences.com/mortgage-from-7-11-fixed-to-8-63-adjustable-should-i-auto-refinance/feed/ 5 Auto loan denied. . . why? http://www.loansreferences.com/auto-loan-denied-why/ http://www.loansreferences.com/auto-loan-denied-why/#comments Mon, 06 Sep 2010 21:04:24 +0000 admin http://www.loansreferences.com/auto-loan-denied-why/ I am a 20yr old female. I have had a credit card for a little over a year now. Starting limit was $500, now it is up to $2000. I pay my credit card off before it’s due. I did have student loans that I paid off. My credit score is 718. I make (average) $2,400 a month. I pay my college tuition using my credit card (but I pay it off before it’s due) When I applied for my loan I had a 37% credit available on my credit card due to college. I have a higher percentage now because I paid it off. Could that be the reason why they denied me? I have $4,000 in the bank right now. I applied for a $23,000 loan in 4.5yrs. I live with my parents. My other bills consist of my cell, gym membership, and car insurance. Could it also be because I haven’t had credit long enough, is the amount that I asked too much? I am need of a new vehicle to get back and forth to school and work, I want to buy a hybrid for gas and environment. The 2008 Honda Civic Hybrid is my choice! Also I applied through my bank! Thxs

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