My Car Engine Seized, $3k Left On The Financing Loan, Car Worth ~$7k, Any Advice? Trash It, Save It, Other?
Sep 06, 2009 by KJ | Posted in Buying & Selling
My car machine seized, $3k left on the financing loan, car worth ~$7k, any advice? Trash it, hold it, other? Not quite sure which way to go. I've never heard of anyone saving a seized engine, is that possible? Or only accept it and move on? Any advice is greatly appreciated.
Note: The car is an '05 Scion tC, forgot to mentioning that.
yeah, that cars not advantage $7k now, probably not worth that when it was running either but thats another conversation.
I just want to say so that I'm unflinching you know, no matter what you decide to do (fix, trash, use it as a fish tank) YOU HAVE TO PAY OFF THE LOAN.
ok
I would probably have someone find you a toughened motor and have it put in, the good news is you only owe $3k on the car and its an 05'. so its probably worth finding a reach-me-down motor somewhere and having it put in, like the other people have said it will probably cost $3,000 or more by the formerly its done.
Your other choice is to sell it with a blown motor and get about $1,000 for it, then pay off the loan of $3k and get your self a new car.
How did you blow the motor on an 05' scion? did you not swop the oil since it was new?
I am planning on buying a new car some time and I want to know whether that'll affect me getting approved or not. I have good credit, he does not. We don't have anything that is in both our names. Conscious of your help!
If you do not bibliography him as co-signer/co-borrower, his credit should have no effect on yours.
Shop around for financing prior to shopping! Central One offers a great deal, fast approval and decent rates.
Also, if you connected with to a credit union go there first.
Keep in mind that the minute you drive the car off the lot a new car loses a substantial amount of its value. That is why they offer "gap insurance".
What Can I Do If I Cant Get Approved For A Car Loan Or Financing Do To Past (now Resolved) Credit Issues?
Mar 11, 2008 by Crystal B | Posted in Buying & Selling
Ive tried approximately every car loan place and almost every bank within the Chicago land area Ive had credit issues but they've been resolved for about 3 years now but I can't seem to get approved for financing my in doubt is does anyone know of any car dealerships within the Chicago land willing to give a single hardworking mom a interrupt and a 2001-2007 vehicle with financing and no money down????
Upon score too low and every time you try to get a loan, you are lowering your score.
Did I Receive An Average Financing On A New Car Loan?
May 25, 2007 by theguyfromhouston | Posted in Credit
It's the first rhythm that I buy a brand new car from a dealer. It's a Honda Civic LX. I would like to know if I got a fair understanding large, an average financing, or if I got charged more than I should be.
The deal is done. But at least, I want to know if this is the average burden faced for every new car P, to face it as a man.
Here are the details: Mi credit 650. Sticker price: $18335 Down Payment: $3000 Interest rate: 9.4%
and then in the reality-in lending disclosures reads:
Finance charge: $7709.21 Amount financed: $24299.11
Totality of Pymts. $ 32008.32 Total Sale Price: 35008.32
72 Payments of $444.56
Let me know if you weigh this is an average loan, or not, and the possible options if any, that I may have. (I was thinking paying 6 months like this, tarry for my credit to go up, and then try to finance with the bank since there's no penalty for paying early. I'll appreciate your belief.
Auto assets is what I do for a living and this makes no sense.
If the sales price was $18,335.00 and you had a down payment of $3,000.00 that leaves a equalize of $15,335.00. So how in the world was your amount to finance $24,299.11?
This is a increase of of $8,964.11. Every thing else adds up as far as the payments and total amount paid if you attack all of the payments, but where in the world did the additional $8,964.11 come from. Even if you purchased a service engage, gap insurance and credit life this should have amounted to no more than about $5,600.00.
As far as options, since the deal is already done your options are none. If you come in about 12-payments you should be able to refinance but your LTV (loan to value) is going to be sky high due to the additional $8,964.11 added to the amount financed.
How To Sell A Car That Is Already Under Car Finance Loan. Please Let Me Know?
Dec 12, 2007 by pugazhenthi s | Posted in Buying & Selling
I purchased a car before six months with a assist of car loan. I would like to sell the car now. Do i need to pay my loan first and sell the car or is there any facility to transfer the loan to any buyer.
Your loan has to be paid off before you can legally carry the car. If you find a buyer, they can either pay off your loan with cash, or if they have to get a loan, their bank or loan company will pay off your loan. Unless you got a real good understanding large when you bought it, don't expect to walk away with any cash in your pocket. It may even cost you some $$ if your payoff amount is higher than the value of the car. Also, call your loan companions, tell them you want to sell the car, and they will tell you what to do. They may even be able to set up financing for someone who wants to buy it.
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yeah, that cars not advantage $7k now, probably not worth that when it was running either but thats another conversation. 
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