Also, I was already approve for a car loan, but I want to find a better deal. If I go and apply for several other loans, will my first approval become affected? What I mean is since I was approve for the first loan, will it change because I went to apply for another one?
I 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.
I 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!!!
I 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.
and you can’t manage to pay the full amount within a month? My insurance company is paying off most of my car loan after my car’s been written off, but there is £400 outstanding and I don’t have the cash right now to pay to clear this loan.
Hi I’m a first time buyer over 25 and I was wondering where can I get information about how to get the best car loan? Is there a general place, book, website where I can learn about different types of car loans? Are their different types of car loans. Please help I am a total neophyte!
Sorry Maxwell but I wouldn’t want help from anyone who didn’t know how to use spell check, especially when they don’t have a website, you could be trying to steal my identity.
I have credit history I just have never had a car, I was born and raised in NYC and now live in Orlando.
Can someone tell me if there’s an online calculator that will show me how much I’m saving by paying ahead on my car loan? I want to know how much money I will save and how fast it will be paid off. (fixed APR loan, no pre-payment penalty)
Thanks for the links.
I am the cosigner on my ex husband’s loan (UGH!) and he is in default. My car loan is financed through the same bank. The vehicles were purchased at separate times and through separate dealerships. Can the credit union repossess my car too if his gets repo’d due to nonpayment? We are in Oregon if that helps.
so ive found a car for -k i want to know how a car loan will work.
my credit score is poor how will it work? can i work a deal with them and take a high interest rate? i dont mind if thats what it will take for me to get the loan. is it up to the money lender of which kind of deal they want to do with me?
what is the best lending company out there? which is the most flexible? i looked into the auto loan calculator and its all based on the years and interest rate. what is an average interest % rate for a a person with poor credit?.
my location is
94080 south san francisco ca
if that could help if needed
im actually buying the car from a private owner
