I Have A 595 Credit Score And I Need A Car. How Can I Get A Car Loan For A Cheap Used Car?
Dec 19, 2008 by jordanafana | Posted in Buying & Selling
I've never financed a car before. I'm currently paying off a car thats in my sisters name so I don't demand a high payment so that's why I want to get a car for under $8000 until I pay off the other car.
Pitiful, but you won't get a loan. Your credit score is way too low and you've never financed a car before. The reality is that you don't qualify. And that's a good thing because winsome on two car loans in this recession is a bankruptcy in the making.
I Have A $14,000 Balance On My Car; Wanting To Sell For $10,000 Then Refinance Balance+cheap Used Car. Tips?
Jul 09, 2008 by Lance T | Posted in Buying & Selling
I'm condign not sure how to handle the title to the car if someone buys my car. Can I get the title to the buyer maybe a week after they buy the car? That would cede to me time to pay the $10,000 toward my original car loan then get a refinance loan for the rest plus just a pygmy more to get a cheap used car. How should I go about doing all of this?
Not steadfast what kind of "refinance" loan you are talking about. After you sell the car, there is no collateral for another loan, unless you can get a bosom loan from a bank, or have a home that you can borrow against. Otherwise, you might be overestimating your ability to come up with a $4K unsecured loan.
Only a very confident buyer would allow you a week to come up with the title to the car. Most such transactions take place at the bank who holds your loan. The purchaser would be there and write his $10K check. You would be there with $4K to give to the bank. The bank would then give the title directly to the purchaser.
As another answerer suggested, you could trade your car at a dealer, who would roll your negative equity into a new loan. But your new "cheap" car wouldn't be so cheap anymore since you would essentially be paying off two loans at once. Besides the agent will only give you wholesale price for your car, not the $10K you might expect.
If possible, it would be better to simply keep your bruited about car and keep paying until you are no longer upside down. Then you'll be able to anything you want with your car.
Tips For Used Car Shopping? Any New Cheap New Cars That Are Really Better And Reliable?
Feb 07, 2007 by starryeyed | Posted in Buying & Selling
Please escape. I have moved to a rural area, and have not found a good job yet. My car is dead, my bankruptcy is just about to be cleared, and I'm working as a sub schoolma'm for not enough money, but some.
The cars around here are 8K to start, and that's for 70K miles, etc. I have a very wonderful BF who might take the loan for me and ask me to pay of course... I can't seem to about logically due to guilt and the tremendous recent loss of independence.
Can anyone give me the straight on this? PS by exurban I mean northern, mountainous, snowy, but not necessarily SUV-only territory.
Thanks a gathering!
Take to be a Jeep Cherokee (the boxie one, not the grand Cherokee). They are cheap, reliable (I have one and my mom has one and neither of us have had problems *hammering on wood*). They should fit the bill in your area and terrain. You might also consider a Chevy Cavalier that is a few years old.
Any new car is succeeding to be at least 14K after taxes and such. If you buy a used car, especially one in the 7K range, you wont lose much if you sell the car in a few years and get a new car.
What Is My Chance Of Getting A Car Loan Under These Circumstances?
Aug 10, 2009 by mulattochicana | Posted in Buying & Selling
My praise is SHOT, I know this for a fact. I am looking to buy a cheap used car for no more than $5000. I want to go somewhere that does vendor financing and put down $2500, how likely am I to get someone to take a risk on me?
If you are terrible enough to have a bad credit rating then you will probably know how hard it is to get any kind of credit. Lenders will switch off you down for as long as you are seen as too big a risk even if the credit problem was long in the past and you are back on your feet again. When it comes to loans for those with a bad information of credit then they are available and your best option is to look for the best deal for bad depend on loans online. When shopping for a car loan, it is important to compare many aspects of the different car loans you might be offered. You will shortage to compare car loan rates, terms, and read all of the fine print. The best way to set out on to compare auto loans is to familiarize yourself with the different types of auto loans out there. The first epitome of auto loan is a loan with a fixed interest rate. this means the interest rate does not change through the soul of the loan. this is the most important typical type of car loan.
If I Have A Default Student Loan, Can The Collection Agency Take My Used Car?
Nov 07, 2008 by dianne1Three | Posted in Financial Aid
if i retail my cheap used car, can the collection agency somehow find out about it and take the money i get from selling it?($1000)
If your car has a lien on it by the store agency, you cannot sell the car. If you own it outright and there is no lien, you can sell it and no one will take the money.
If the collection power has a judgment against you for the student loans, they can in fact attach your wages, federal tax refunds and your bank accounts.
You should look into getting your schoolgirl loans back on track. You can set up a minimal repayment amount and after 9 consecutive ontime payments, your loans will be rehabilitated. Faith reporting will be retracted, penalties will be removed and you'll be back on track. You'll even be eligible to borrow again if you wanted to re-emergence to school.
A defaulted student loan makes your life a living hell. See if you can labour it out with the collections people. They will pressure you for a large payment (because that's how they get their commission) but just keep saying that you lack to look at a minimum payment. Depending on how much you owe, you should be able to get something manageable in place.
They will ask what you can pay. Acknowledged them a low figure. They will come back with another figure. Keep going until you're both happy. You'll be so glad you got things sorted.
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Pitiful, but you won't get a loan. Your credit score is way too low and you've never financed a car before. The reality is that you don't qualify. And that's a good thing because winsome on two car loans in this recession is a bankruptcy in the making.