Posts Tagged ‘Auto’

Question by lucky: i need a car and only have 0 to put down plus maybe a trade in…. plus banks or auto credit?
my mini van just died and i was wondering if 0 plus a broke down mini van and a budget of 0 a month would get me anything better then what i have. 1998 ford windstar in vg condition besides the curret situation. 120,000 miles.

looking for a decent car or van to fit 2 adults and 3 children.

can i get a loan from a bank with a poor to fair credit score and the van i have i didnt miss a single payment on. credit score of about 620 – 650ish i think.

please advise me in any way
thanks in advance
i should have added im looking to spend a total of 3 to 6 thousand on a van, or car. im not looking to buy new.

Best answer:

Answer by PCT
I dont think so….
because you should have atleast 700 and above credit score or you need a big down payment so you could get a lower monthly payment.
But then again it depends how much is the car are you looking for. most likely its a used van with a lot of mileage too.

the car that you want to trade doesnt have a value anymore in a dealership because it already has 120,000 miles on it. if you know somebody who needs a car you might as well sell it to them so you can get more money.

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Question by D/\/\C: Does Honda Financial Services have a grace period for payments on their auto loans?
Or will they consider a payment late if it is even a few days past the payment date? I can’t call them to ask because they are closed on the weekends.

Best answer:

Answer by I love my DIRTBIKE!
i think you have ten days from the days its due. but make sure you get it in before 30 days they like to report people. they are mean.

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by MotorShowNetwork

Question by lbcali: will settling an auto repossession improve my credit score rating?
I live in California and my car was repossessed about 7 months ago. After talking to the auto loan company they offered to settle for ,000. The original amount owed to them was ,000. In the letter they sent to me with the settlement offer in writing it stated that upon receiving the ,000 they would amend my credit report to reflect the settlement of this account. What does this mean to my credit rating? Will it help it any or not make too much of a difference?

Best answer:

Answer by fojimo
it won’t make it alot better score wise but it will a show paid repo. since it is a fairly new repo you are better off paying it so it doesn’t show unpaid for the next 7 years. even the small increase in your fica score will be worth it.

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Question by super_gir85: I am shopping for auto loans for the best rate. Anyone know of any good places to start at?
I am looking for various banks with good reputations and if possibly credit unions.

Best answer:

Answer by almost_wealthy
credit union

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Question by srar: Anyone getting wracked on auto insur premiums after credit check?
How can one have good credit and still be viewed as sub prime on he auto insurance rates?

Best answer:

Answer by dj
Ways to Lower Your Premium
There are many actions you can take to lower the cost of your automobile insurance.

http://www.autocoverageinsurance.com/auto_insurance/lower_premium_insurance.htm

Increase Deductibles
Many of the factors that go into setting your auto premium are relatively fixed by your household make-up and lifestyle. One thing you can easily change, however, is the amount of your deductible (usually only applies to comprehensive or collision coverage).
A deductible is the dollar amount you must pay out-ofpocket for each covered claim.

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by theengineofdemocracy

Question by patricia b: auto loans and how they work by using the bank?
we have a truck that we are using the bank to pay the loan for. we need to trade it in for something more economic and cheaper. any suggestions on the best way to go about it?

Best answer:

Answer by ptcruisher2001
they use lenders, some are banks

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Question by tbubble1978: I have two auto loans that are two months behind in payments. One lender is threatening repossession.?
I do not have a house to get a home equity loan. I don’t know WHAT to do! What can I do? Who can I call to prevent me and my baby from walking and making my poor credit even worse? PLEASE HELP!

Best answer:

Answer by dual_reality
You could probably try and renegotiate the loan so the payments are put at the end of the loan….but they will look at the payment history to see if it’s a risk they are willing to take.

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Question by Chris B: Can i re-build credit after a Chapter 7 Bankruptcy with an Auto lease instead of a Credit Card?
I recently declared Chapter 7 Bankruptcy. I re-affirmed my Auto Lease. Will this help to re-build my credit score? I’ve heard the “get a credit card and use some and pay-off or keep 10%” idea. But can the lease have the same effect without having to open another credit card agian? I am looking for the easiest way to build credit without a credit card. But if i have to, i guess i will.

Best answer:

Answer by SPIFIMAN1
I went through the same thing back in 2001 and what you need to do is call your lender and make sure that they continue to report to the bureaus and then yes it will help reestablish your credit.

Using a credit card for every day things, never exceeding 30% of your limit and paying it off in full before the due date will also greatly improve your score.

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by YoTuT

Question by Mike B: When should I refinance my auto loan?
I have poor credit but was able to get approved for a new car (about 000) in January. Of course the interest rate is terrible (18%) and I would like to refi the loan. I have been able to establish other good credit since then and have had only one late payment since January. How long should I wait until I try refinancing the auto loan and where is a good place to go? The bad reports on my credit history start dropping next January and will be all gone by the end of 2008.

Best answer:

Answer by Richard J
Refi as soon as the credit score starts to rise, then refi again if it goes up over 30 points. Thats what I did when I had problems a few years ago.

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Question by Tiger Moods: Why do banks require 5 references for auto loans?
I have good credit but no references because I am a loner.

I know some people because I play basketball with them once a month but dont know their last names or phone numbers. We dont hang out at all just play bball for an hour.

My family lives in a foreign country so I cant use them.

So why do banks require references and will they decline me if I dont have any?

Best answer:

Answer by oklatom
Not all banks require 5, but most do require some. They require references so that they can find you if you suddenly stop paying and don’t communicate with them, they need friends or family to call to ask where you are so they can contact you.

Yes, if you don’t give them what they need to complete the loan, they will decline to lend you money.

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Question by autoshowplantation: Anyone know of online Auto Financing sites?
I have a small dealership, 10-12 cars. I do not want to deal with the hassle of going through in-house financing. I know there are many sites that advertise auto loans, but the majority of them just refer people to a dealer who buys the leads. What I need are sources to refer my customers to obtain their own financing. Most of them have marginal to bad credit. What would be ideal is a site where I can sit the customer down, have them put in their information, and get a decision quickly, and a check sent to either me or the customer. Does anyone know of any sub-prime lenders who give online approvals?

Best answer:

Answer by Joker
nope

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by taberandrew

Question by bigpipeinjersey: I was awarded only 7,500 by a jury in a auto accident case what can i do ? ?
I am 27 years of age i live in NJ the reason for this email is because i need some advice or help I’ve was involved in a auto accident heading to work on I-295 i was the front seat passenger in a mini-van when i was struck from behind by a commercial truck from a company named secure triaxle i’ve sustained various injuries because of this accident following the accident i’ve hired an attorney Joseph M Marrone whom has offices in Camden NJ and Locust Street in Pa where he sent me to a Chiropractor in which i’ve was treated for for my various injuries such as back pain ,thighs and others 4 times a week over the course of 10 monthes i’ve also recieved pain management from a D.O at the same building as the Chiropractor the name of the D.O was Dr. Zeid and the Chiropractor Dr. Benn located at 1014 broadway in Camden NJ during the course of the 10 monthes i was unable to work but before the accident i was employed at Occupational Training center in westhampton NJ so during the course of the 10 monthes in which i was unable to return to work because my job as a laborer requires me to stand for 7 hours a day and now that i have back pain i can no longer preform my job therefore leading to me having to borrow a cash advance through my attorney’s Firm the name of the Cash advance company he reffered me too was Us Claims i’ve took out a cash advance of 5,000 thousand dollars over the course of 2 and a half years the interest has compounded to as of November 9th 2008 the Cash Advance loan stands at almost 12 thousand dollars so i had a arbitration hearing July 29th 2008 in which the arbitration awarded the case value at 20 thousand dollars it was appealed by secure triaxle the company i was suing for my lost wages , pain and suffering and others then Secure triaxle made a offer of 10,500 i was told by my attorney that works on my case Michael Pomerantz that if i was to have settle for thet amount i’ve would not had seen a dime because of the cash advance loan from US Claims that i’ve borrowed through my attorney so recently my trial date was Monday December 15th 2008 imy attorney Michael Pomerantz has told me this case will be trial by a Jury and no matter what the decision is that there is no way i can file an appeal therefore the judge advise my attorney and Secure triaxle to come to a settlement of 15 thousand dollars in which did not happened secure triaxle stood firm at 10,500 so Tuesday we’ve started to pick the Jury they’re needed to be 8 Juror’s for this trial in which the case did started with 8 but because of a family emergency 1 of the juror’s had to leave and was unable to continue her duties as a Juror therefore we’ve proceeded with 7 after my Testimony was my Dr Testimoney the D.O i’ve seen during the course of 10 monthes Dr. Zeid his Testimoney was very bad and then the driver of the truck Clifford Grey Testimoney was next he basically told how he did not hit his brakes or blew his horn before ramming his truck into the van in which i was seated causing him to be liable for this accident then we’ve ended the day on Wednseday with my Uncle Testimoney just discussing how he has to help me with many things now that i can not do these things for myself and of course Secure Triaxle Doctor whom they send me too his name is Dr Goldstein he specializes in orthopedic then after that they’re was the attorney’s closings and then the judge Louis Meloni gave the rules of the Law and something he said was if the Jury do find the driver of the vehicle Clifford Grey Liable then they can go on to question 2 which asks did Mr Clayton sustained a injury from the this accident and both of the them questions were checked by the Jury in 7-0 decision however the last question asks ihow much should be awarded for the plantiff and in a 6-1 vote the Jury wrote 7,500 dollars that is 3,000 dollars less then what Secure Triaxle was offering me i really need some help i believe something went wrong and i need some legal advice quick please help me

Best answer:

Answer by The Wizzard
holy shit
watd u rite a fuckin novel

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Question by SUPRA: How can I refinance my auto loan in USA when moving to Canada with the car?
I bought a car in USA with an auto loan from toyota financial services. Now I got a job in Canada. I want to take my car with me. But problem is TFS is not allowing me to take the car to Canada and instead asking me to payoff the whole amount now before moving. I thought I can pay my monthly instalment from Canada. But they are not allowing that. In this case I want refinancing from other institution, who can allow me to pay instalment from Canada. So that I can pay TFS now and take my car to Canada.Can any one help me in this matter? I really appreciate and thak you in advance.

Best answer:

Answer by LiTlE S
when i was getting my car, i used this site to get quotes on a car loan. i think it’s a great site, check it out (it’s free too)!

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by Laughing Squid

Question by SaL B: Does Consumer Credit Choice Auto Loan approve you for any car you want?
I am interested in getting Auto Loan from them. but i am not sure if they approve me for the car i want, they might put me in some piece of crap since my credit is not good. I only want 000 for 2002 camaro. Is consumer credit Choice reliable like you see on TV commercials?? Do you know if they really approve you when your credit score is not good?

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by YoTuT

Question by Save Darfur!: what Requirements to get auto loan?
I want to buy a car from private party what are the requirements for a 15,000 loan?
credit score?
what are the best places to apply?
for how long should I make the loan so i have affordable payments?
Best Interest rate I can get for a poor-fair credit score?

Best answer:

Answer by primetimekj
Well it all depends on your credit score. You;ll probably be able to get a loan but depending on your credit score, your rate may be higher. With anywhere you apply, lenders will be looking at your credit score and your monthly debt to income ratio to amke sure you can afford the monthly payments. 000 is not so bad as you figure a 4 year month would be about 300 a month. When you apply, try your local credit union first. Genereally credit unions usually have lower rates than banks.

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