August 12th, 2010
Question by Kishor: What is the procedure to pay online car loans?
I am just planning to get some loans from online providers, Do I have to pay every month like, or they will get it from my CC? I would like to confirm with you people before I proceeding. Regards
Best answer:
Answer by Sherawat
The process of car loan application is very simple. Just open the site of the company or agency from where you are taking the car loan. Go to the area which has the form for the online car loan application. Download the form and fill the requisite fields like the name and address of the loan seeker. The amount of loan that you want and the amount of deductible you are willing to pay. You also have to give the term of the loan for which you want the loan. It is advisable to do some calculation of your own on this subject by the online loan rate calculator provided by each company and find out the tenure and loan installment most appropriate for you.You also have to give the details of your previous address if you have changed residence in the past two years. Similarly, you have to give details of your previous employment if you have changed employment recently. Besides, you have to give information of your current employment like the latest paycheck, your employer’s address, phone number or identification number. If you have taken the guarantee of a co-signer then you need to give all information of the co-signer as well. Once these details are sent, the company or agency will give you a pre-approval before your loan is sanctioned.
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Tags: loans, online, procedure
Posted in Uncategorized | 109 Comments »
August 11th, 2010
Question by Tom Landry: How does leasing a car as a business work?
Do you have to go through a dealership’s business/corporate leasing program? Does the car have to be from a dealership? How are the payments/downpayment determined?
My boss is letting me lease a car for under 0 a month, the company is not a small business…if that makes any difference.
Best answer:
Answer by Steve
Leasing is just an alternative method of financing for people that want a smaller monthly payment. With a lease you start out with a cap cost or sales price and pay down to a residual value at the end of the lease. At that point you can buy the car for that amount or turn it in to the lease company. All banks offer leases as well as the financing arms of the car manufacturers. Usually the dealer that sells you the car can set you up with a lease.
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Tags: business, leasing, work
Posted in Uncategorized | No Comments »
August 10th, 2010
Question by Kendra: Which is better to pay off car loans, credit card or put money toward mortgage.?
My husband and I have two car loans one at 4,800 at 4.9% the other at 14,400 at 6.15% and a credit card at 10,700 at 7.9% but we also have a mortgage. What I’m planning on doing is having my husband sign up for another credit card because the current offer is no interest till 2008 (including balance transfers, there is a fee but the max fee is about how much we pay for the finance charge in one month. What I don’t know is if I should put our tax refund toward bringing down the lower car loan so the 230 we put toward that every month can go to something else sooner or if I should put some toward the car and some toward the mortgage each month. We don’t know if it’s better to pay the min on the mortgage and put more toward the other loans or put a little toward the mortgage and one of the other loans. And yes while doing all this I do put a little towards savings each paycheck. Forgive me for rambling but I wanted to be as detailed as possible. Thanks!
I’m not cancelling the current card the one I would be transferring to has an apr of 9.9%. So I would transfer what’s left after the 15 months back to the old card.
Best answer:
Answer by smiling_freds_biz_info
Pay the one that is most costly first….but do it by increasing your income. Start a home-based business.
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Tags: better, card, credit, loans, money, mortgage, toward
Posted in Uncategorized | 14 Comments »
August 9th, 2010
Question by 6th Finger: What would happen if the USA banned all interest loans including auto loans, mortgages, and credit cards?
What would happen if you could only buy things that you could actually afford?
Best answer:
Answer by StupidKupid
Many would be riding camels to work and sleeping in cardboard boxes.
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Tags: auto, banned, cards, credit, happen, including, interest, loans, mortgages, would
Posted in Uncategorized | 154 Comments »
August 8th, 2010
Question by Christina B: Will it be difficult for me to refinance my car loan?
I applied yesterday for a new apartment, so obviously my credit will be checked, among other things. My mom co-signed for a new car for me about a year ago and I am now plan to refinance my car loan in just my name. Am I going to have a difficult time getting the loan being that I just had my credit checked for a new place? I have about 2.5 years credit history with a fairly average credit score.
Best answer:
Answer by Cookie
Try it and see. It will be the only way you will know.
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Tags: difficult, loan, refinance
Posted in Uncategorized | 120 Comments »
August 7th, 2010
Question by George: How do auto loans work?
I am selling my car to a buyer that is paying with a loan and was wondering if i will have to pay taxes after the deal. Do the bank that loans the money to the buyer have to take a look a the vehicle too
Best answer:
Answer by Katie
The buyer must get the loan from a bank. If the bank approves the loan, the buyer will receive a check for the cost of the car, which they will then use to pay you. The buyer pays the taxes when they register the vehicle at the DMV.
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Tags: auto, loans, work
Posted in Uncategorized | 3 Comments »
August 6th, 2010
Question by justina l: did anyone refinance a car loan with chase bank?
i have a car loan for 3 months with chase, and they told me that i can refinance the loan in 4 months. my current rate is 12 %. did anyone refinance a loan with chase? how much did they lower the APR. Which bank is the best for car refinancing.
Best answer:
Answer by Anna K
If you think that you are paying a higher repayment amount for your existing car loanyour monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.
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Tags: anyone, bank, Chase, loan, refinance
Posted in Uncategorized | 142 Comments »
August 5th, 2010
Question by honeybeejim: Why are the Auto loans being called Bail Outs?
The bankers and others are given bailouts but the car company’s have to pay back the money.
Best answer:
Answer by Dave
Car company’s have been cutting their throats for years.Paying execs way more than they were ever worth and allowing them to pocket even more! Although i believe in good wages some of the wages and the execs antics got them in the fix their in, that and the imports.And i think the bankers should pay it back.Because those guys are thieves any way!
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Tags: auto, Bail, being, called, loans, Outs
Posted in Uncategorized | 113 Comments »
August 4th, 2010
Question by Que: Can you get pre approved for car loans?
Can you get pre approved for a car loan the same way you do for home mortgages?
Best answer:
Answer by Lady Tyche
Yes. Through your bank or credit union. They will give you your maximum credit limit that they will loan you and you go find the deal. They also set the restrictions such as the oldest year they will finance and maximum milage on the vehicle.
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Tags: Approved, loans
Posted in Uncategorized | 74 Comments »
August 3rd, 2010
Question by K: If you had 5k in student loans and 5k left in a car loan and you were about to get a check for 8k?
which loan would you pay off first? And suppose your car payment was 0 / month as well.
Best answer:
Answer by Mr Lizard
Pay off the one with a higher interest rate. Probably the car loan. Then use the car payment money to pay extra on your student loan each month.
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Tags: about, check, left, loan, loans, student, were
Posted in Uncategorized | 102 Comments »