I’ve bought several cars and always just go with whom ever the dealership finds to carry the loan. Would I be able to get a better interest rate if I did the work and looked for a bank/company to carry the note? Or will I get the same results they get? Thanks 
10 points
What is the best value car to get?
10 April 2010I am turning 16 in the near future and yes, its time to buy a car. What is the best car value i can get. Im looking to get a car not too expensive, yet, i want to impress. It dosent neccessarily have to be new, and most likely will be used. How can i get a good loan and enough money (obviously besides working) to get a car i will be happy with?
My current experian credit score is 637. If i finance a car loan will it bring my score up?
07 April 2010I just got approved for two department store cards and got rejected for one or two majors. I know the fact that the lenders are checking my credit affects the score but with the car loan will it bring the score down?
I am in the process of purchasing a car and decided to go to my credit union for the loan b/c i hear that they have the best rates. I had run my credit about a month before and it came back with a mid of a 777. (lucky huh). Any ways after the application process with the credit union (i had to fax my tax info to them three times) they came back and said some new collection had been reported and my mid was 625, they said i was approved at 10.75%, and they will pay 80% of the highest value Kelly Blue Book gives to the used car. That interest seems kinda high to me and it seems i can do better. What do you all think??
P.S. I was surpised at having any collection, and am still pestering them because they haven’t even been able to tell me where its from.
Thanks. I did pull my credit and got an address and for company name it only says medical. But i yahooed the address and got a phone number and they said they will mail the information. Also Gibbs, yes it is a used car, i just bought my wife a new accord and got a great rate of 6.45. Also this will most likely be a private party sale, or if it is a dealer it will be out of state. AutoSellingMaster, Should i let the out-of-state dealer have a crack at it??
Gibbs you are correct in reference to rate. Having a FICO of 777 would only give me an interest rate of about 9% with the Credit Union on a used car loan. That is a difference of about /mo on my payment and 00 over the life of the loan, which in my opinion is not a big difference. Thank you for your input.
Finding a new company to finance a car loan?
04 April 2010Right now i’m currently with CITI Bank. I’m desperatly trying to find a new company to finance through, simply because CITI bank is just plan nasty, one day late on a payment and they call me, asking me where my car was because they were going to pick it up, it ended up in a screaming match, because I don’t put up with b.s. like that.
Is it even possible to switch? If so, How?
i need help with car loans plz!!!!!!!!?
03 April 2010I hav a question about car loans..best answer 10pts..
i’m thinking of buying a car, probably an audi tt or jeep wrangler, either one the year is gonna be 1999-2001. i want to get a car loan depending on what car i buy, but my question is, if i’m buying from a private seller(not a dealer) can i still get the loan from a bank???…. and are they gonna charge me differently?? thanks for the help!!!
Should I wait to re-finance Car Loan?
01 April 2010I had to close out 3 accts: 2 cr cards 1 LOC, and I just learned that one of my chks from cr card was ret’d for insufficient cash. I want to sign up for a Credit Union in order to re-finance my car loan to a smaller APR (8.99% now). Should I wait until my credit history calms down before I join Credit Union? Or just not apply for a car loan until next yr when my credit settles a bit? I did sign up for a debt management solution which downsized my monthly pmt on the 3 closed accts.
Has anyone dealt with DCU – Digital Federal Credit Union – for loans? What Co. is best for car loans?
31 March 2010My husband has a loan through them right now for his car, he just added me on so I can have access but they are such idiots! I called up a few times and was on hold for more than I could wait, so I emailed them twice and they haven’t gotten back to me. I threatened them with a lawsuit because they’re trying to extend our loan and charge us an extra 0, and they’re adding late fees on payments that are made well before the due date, then they say they do not charge late fees? I’m fed up with them!
Has anyone ever had to hassle with them? What did you do to resolve the situation besides try to pay off the loan and switch companies? And what loan company do you recommend for future use when trying to purchase a semi-used vehicle and have a low monthly payment? (budget is 0/month)
I should add to this that I’ve been paying them more than is required for our monthly payment right now so our balance left on our loan should be much lower…but it’s twice as much!
Being on hold for too long doesn’t bother me, but it’s everything else along with it. The hidden fees they say they don’t have, they’re supposed to send us monthly statements but we only get one a year, if we’re lucky so it’s hard to keep track of the balance and make sure my payments are getting to them on the date specified. Not only all of that and the above stuff I mentioned, but we went to a certified dealership for a car…they didn’t even have DCU for a recommended bank…and they had a list of about 3 pages of recommended banks…it just makes them seem kind of sketchy. Perhaps it depends on the area. The DCU branch in Burlington, MA is horrible in my opinion.
I’m happy with the APR though…ours is 5.4.
Is it possible to get a dealership to finance a car loan for you with a poor credit score?
30 March 2010I have a very high income to debt ration but have a poor credit score (592) and am wondering how possible it would be to get financed for a 40000$ automobile which I have plenty of income to make payments on.
Question about car loan payments?
29 March 2010I went to a dealer to buy a 00 car. The bank and his third party people are quoting me 0 a month for a 48 month loan. There is a 7% interest rate, and I used one of those online payment calculators, and I keep getting around 0 per month. Logically 7000/ 48. = 145(without interest.) How is he getting 0 per month? No one can give me a straight answer. Am I missing something? Any help would be appreciated, thanks.
