May 04, 2008 by Gracie | Posted in Buying & Selling
I applied and approved for a car refinance loan with Wells Fargo. My at issue is, I owe $26,000 for my car but the blue book value is only $17,500. Will I have to pay the difference between what I owe and what the car if valued at? I can't call Wells Fargo's person service because their offices are closed.
Large, the bank will not lend that big of an advance on a car. They typically want to stay at 100% of the car's value. If you have gold balls credit, they will open out an over-advance. Most overadvances are in teh 110% range, some go as high as 125%. You are looking for a 148% lend. That is a very hard loan to get.
Right now, banks are very tight on their loans. As you know, people are foreclosing and defaulting like never before. So, they are more hidebound in their lending.
I would expect them to come back and tell you they would loan about $20,000 tops on this car. Then the otehr $6000 is on you to pay some way. If you cannot pay the $6k, then they will not be clever to refi the car.
Sep 04, 2007 by overweight doomsayer | Posted in Buying & Selling
i fancy to refinance my car so i can put it under my own name.It's under my husband's name.
I am making all the payment so it might as well be under my name.
I bought the car 5 month ago .Is it too soon to refinance ?
and can anyone suggest any car refinancing companies?
Thanks.
It's not refinance..... it's no more than financing. You have to apply for a normal loan then buy out your husband's note. You'll probably end up paying more due to your bad praise. Why don't you just leave it be and concentrate on fixing your credit first?
Jul 07, 2009 by Boogers | Posted in Buying & Selling
My present loan is through Toyota Financial. Should I go to them? Or do banks have cheaper rates? And I have seen a lot of .coms that forth car refinancing, is that safe? If anyone has any advice I would appreciate it.
Depend on Unions are the best and most reasonable rates. You have obviously been good with your payments, so your music should be good. They offer the best rates and will treat you like a friend and not a mob or a loan profit.
Can I Cancel A Car Refinance Loan I Made Three Days Ago Through Wells Fargo In California?
Jan 17, 2009 by nikkisix_26 | Posted in Buying & Selling
I refinanced my car loan through wells fargo and i don't like the interest value that they gave me so i want to cancel the loan, want to keep my original loan. I have already tried to call my firsthand loan company and tell them to return the check, but they say there is nothing they can do. I tried to get Wells Fargo to sojourn payment on the check but they said i had to go to the branch. Are there any other things i can do? Maybe write a spell out or something?
No you can't. But you might be talented to refinance again.
Would It Be Good To Refinance Car Loan When The Current Loan Is Reported As Included In Bankruptcy Wrongly?
Apr 25, 2008 by Steven | Posted in Credit
I've got a car credit that was kept through my bankruptcy and I've been paying on for approx two years since now and just realized they reported it as part of my bankruptcy and they will not exchange(included is said because it was written about in the papers even though it was reaffirmed). I'm trying to now fix my upon up some and would like to know if it will help or even effect at all my credit to refinance it now?
I went through this same subject back in 2001 and Ford was not reporting my account, all it took was a simple phone call and they updated the news on the bureaus.
If your lender will not do this, you will have to have proof that you have been making the payments to be approved for a refinance loan.
If you do get refinanced, it will employees your credit as long as your lender reports to the credit bureaus.
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Large, the bank will not lend that big of an advance on a car. They typically want to stay at 100% of the car's value. If you have gold balls credit, they will open out an over-advance. Most overadvances are in teh 110% range, some go as high as 125%. You are looking for a 148% lend. That is a very hard loan to get.
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