The Smug Scribe asked:


Does getting turned down by lending groups such as capitalone and roadloans necessarily mean that the dealership will not be able to find a company to finance you either?

purchased a 2008 scion TC with 3,000 down and a credit score of 634. been on job for four years, at residence for 5 years, have some debt but am in payment arrangements on it, make about 2400 a month…

i will probably be stressed until the dealership tells me its official and i’m just wondering if anyone with some finance experience might know what it takes for a dealership to get you financed. how difficult is that process and do you forsee any reason they wouldn’t be able to get me financed?
i didn’t ask for your value judgement pal, if you can’t answer the question i asked, don’t bother posting.

Monica

cryix47 asked:


I just applied for a loan today through subaru motor credit. A rep called me to ask some questions and then said I was approved. I failed to ask what the rate was. I call back and the person says that I need to be transfered to another dept. When I get connected it says welcome to chase auto finance. Dose the loan report as Subaru or as Chase Bank?

Hazel

x_y_z_012 asked:


My brother purchased a car through CarMax and they are offering 11% APR. He is trying to finance through somewhere else that will give him a lower APR. He has 3 days to bring in the check from another financing company and 5 days to turn in the car if he changes his mind. What should he do?

Tara

Michael asked:


I have a account in charge off status with HSBC auto finance. I payed this loan for two years before filling chapter 13 bankruptcy. I made payments into the chapter 13 trustee for 3 years before falling ill, loosing my job, and becoming unable to make the payments. Since then I have tried to make good on my debts and pay some of the creditors. The one that I am having problems with is HSBC! I have called and offered to pay a portion of the debt in return for them to leave me alone and stop with the harassing phone calls. The phone numbers they are calling aren’t even mine but worse the people I listed as references 6 years ago. The first offer I made was denied and after pulling together my resources I was able to offer more money. The offer now sits at 50% of the balance. They still will not settle and the vehicle blue books for less than what I am offering, and still all I hear from them is the word RE-PO. I don’t want to have to file bankruptcy again and have had no problem with other creditors, but I have to do something ASAP before these people drive me crazy. Oh and I ran my credit report and it shows the account has been charged. Also the vehicle they want so bad has no value since it needs a transmission and has not run in almost 3 years. Any insight or advise is greatly appreciated.

Steven

birdie asked:


In 2006 my car was repoed, I still owe $8000 on the vehicle to the bank. Just last year I got another loan for a car in which i still have. I am trying to trade my recent car in but auto finance companies are not approving me because of the fact that I have two auto loans in my name. So I guess my question is that if my car i purchused in 2006 with my mom a cosigner was repoed then can the auto loan from the finance company still be open , or is it suppose to show that it was repoed?(Keep in mind that I have not payed a penny to them yet, do to the fact that i am only responable for half the price,)I pulled my credit report and the loan is still showing that it is current after two years, can they do that? Please help.

Allen

Princess asked:


I purchased a car 21 days ago. The dealership drug their feet on getting the car funded from the lender. The car was wrecked and may be totaled. So I have a possibly totaled car on my hands that the bank hasent funded the financing for. So NOW I get a call from the dealership saying they are missing a piece of information they need to get the loan funded. (this only after I found out that the car was never registered in my name, and had trouble getting it towed. I had to call the dealership) I told them what happened and they are basically wanting me to lie about the car to the finance company to get the car funded. They never came out and said it, but they are jumping around the subject. I don’t know what to do. The car isn’t in my name. My insurance company is paying for it which is fine because I wrecked it. I just don’t want to lie, and now I have to jump hoops because the dealer drug their feet. What should I do and what is the law. Should I just keep the finance co. out of it?

Eugene

sugrgrl4303 asked:


Lets say… I have 8k to put down on a 23k dollar 09 Xterra. I pay off my current car loan in 2 months (finance for 72 months but payed off in 4 years…not suppose to be penalized). Have had maybe 5 late payments in 4 years. Credit score is around 615 now… Not sure what it will do once i pay off the car. Have a 3k loan from my credit union that’s being payed religiously. But no other credit accounts. Been at current residence for 5 years and current job for 4 and a half. Am 26 years old, gross at least 2100.00 a month, usually around 2600.00 with only about 400.00 of that going out in bills each month. Where would be my best option to getting the rest financed? Dealership, credit union or online (Capital One)? I don’t take rejection well and would like to skip that part if possible haha. Should I still expect a high interest rate? Payed 14% on current car…But wasn’t too concerned with interest rate at that point. All I saw was !!!NEW CAR!!!

Stephanie

taalsi asked:


My auto finance company contacted me and told that since I owe less than $2,000 left, they would pay off my current auto loan and give me a new car in exchange for my old one. They also guaranteed a lower finance rate and lower payments. I originally told them no because I’m looking forward to not having anymore payments.

However, I have a 16 year and realize the benefits of having 2 cars. So, I want to keep my current car and get a new one but I’m wondering if I can still get them to pay off my current car even though I want to keep it. I also don’t want to pay a down payment for the new one. This may seem greedy but I figured it doesn’t hurt to ask and with so many people not being able to pay for their cars, the company may be willing to work with their good customers.

Has asked about this kind of thing and how’d it turn out for you?
TIA

Chad

pjsccc98 asked:


I financed a car at 19.95% because of bad credit. About 5 months later, I recieved an offer to refinance with Capital One at 16.95%, so I did. I just recieved another offer to refinance again with Household Auto Financing at 12.95%. Should I refinance again? Will this be hurting my credit?

Denise

JL asked:


Currently I am looking to buy a New Car Somewhere in the $20k dollar range. I am looking to pay less then $450 a month and understand I will have to pay a high interest rate. My Credit Score is 439 but I have $5000 cash to put down. I did have another car loan just in my name which was repoed but I did the reedem the car after paying like $2000 to the bank. The car was Pontiac G6 but totaled in an accident and the bank was paid off fully by insurance
My dad who has a 544 credit score is willing to Co-Sign the loan. I know his score isn’t that good either but he can show income of $85,000 a year if that helps at all.

Around what amount would I be able to finance up to for a car? I’m guessing anything over $23k is too much. Also what do you think my monthly payments would be and what interest could I expect to pay?

Extra Info: I’m a college student but currently own 2 websites and make about $500 a week of those 2 sites total but don’t really have enough history to show income.
10 points to the best response

Nathan