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Obraining a auto refinance loan?
im currently 19 years old and am employed by target. I bring home about 1200 a month. Last year i bought my first car and since i had no credit i got stuck paying a obscene interest rate. 17% , im 14 months threw the 60 month loan and am ready to refinace. I have a decent credit score at 675 for a 19 yr old. Problem is i owe about 9800 principal left on the car. I put alot of miles on it and the car is no longer worth the amount that i owe. Car is prabably worth 7500. Would amy bank refinance me given that i owe more than its worth?Its a 2002 toyota camry 107,000 miles great conditionto rusty. so if i qualified but it be better off to simply get a 3 year personal loan for 10k to pay the car off and id still save about 1500 dollars in interest and a year off the loan
Why will noone approve me for an auto refinance loan?
I have a decent credit score 650 700 , lived at my resident long enough, been at my job long enough almost 2 years and make more than enough money to get a loan. I have paid on the car for 7 months on a 6 year loan. The interest rate is over 20% right now and have an excellent payment history on all my accounts credit cards. So far, most reputable financing companies have rejected me online. I will soon go to banks and credit unions. Any suggestions?
Why will noone approve me for an auto refinance loan?
I have a decent credit score 650 700 , lived at my resident long enough, been at my job long enough almost 2 years and make more than enough money to get a loan. I have paid on the car for 7 months on a 6 year loan. The interest rate is over 20% right now and have an excellent payment history on all my accounts credit cards. So far, most reputable financing companies have rejected me online. I will soon go to banks and credit unions. Any suggestions?
Where can I get an auto refinance loan that will give me extra cash over and above the payoff for my car?
I want to do some extra work on my car to enhance it's value and condition, rather than just trade up. I like my car and I know what I've got into it already. I don't want to get another used car something that I have to start all over learning about, in terms of its mechanical needs. I just want to make my current car better, with the extra cash imbedded in the refinance.
How to get a copy of a (Fraud?) signature on an auto refinance loan?
My brother cosigned on a car for me and a year later I refinanced on my own without my brother. At least this is our recollection...we seriously do not remember him signing on the refinance...but his name shows up on the new loan. The company says they have his signature and said they would mail the doc's out but neither of us have ever received anything. They keep beating around the bush but wont supply us with a copy of the loan. I am 95% sure he didnt sign a thing on the refinance and my brother says he didnt either. How do I go about getting these doc's since they have had ample opportunity. Any advice on how to go about this?
Where can I get an auto refinance loan that will give me extra cash over and above the payoff for my car?
I want to do some extra work on my car to enhance it's value and condition, rather than just trade up. I like my car and I know what I've got into it already. I don't want to get another used car something that I have to start all over learning about, in terms of its mechanical needs. I just want to make my current car better, with the extra cash imbedded in the refinance.
Should i consolidate another loan into my auto refinance loan?
i am refinancing my current auto loan. i have a lot of equity in my car, so i was told that if i wanted to, i had the option of using that equity in my car to pay off a current student loan and consolidate it into one with one interest rate. my student loan amount is around $7,000 with 12.5% interest. the interest rate is lower on the auto refinance loan, and i would have it payed off in a shorter period, plus it's a fixed rate so i am guaranteed it won't raise over time. my question is, would it be a smart decision on my part to use the equity in my car to do this? it sounds a lot better to me having the lower interest and having this paid off in 4 years rather than the 10 more i have to pay on it, but i'm really unsure which move to make. someone out there that is smart in this kind of thing please give me some input on the advantages, or disadvantages to using my equity for this. thanks in advance
