I have a loan through a bank (cash) I still owe approx. $8500.00 on it - I would like to get an auto loan to purchase a new car - my question is can a person consolidate a loan through an auto loan pay off the loan for the bank and have the money left to buy a car. Meaning can I use an auto loan to pay off another loan the buy my car? Any websites on this would also help!!!
2007-05-31 14:26:20 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Yes you can and interest will be about 19 percent.
Go to a bank and try to work an agreement that is less.
YOu do not want to be in debt for ever.
I work for a loan company
2007-05-31 14:34:15 · answer #1 · answered by Michael M 7 · 0⤊ 0⤋
1
2016-09-26 11:56:29 · answer #2 · answered by ? 3 · 0⤊ 0⤋
UMmmmm, I'm thinking that's not gonna work. Is there no room in the budget for the car loan, in addition to the cash loan you currently have? Trying to add the car to that loan would not be a wise financial move.
2007-05-31 14:35:16 · answer #3 · answered by fisherwoman 6 · 0⤊ 0⤋
anyone that loans out money does not want to be upside down on a car loan, meaning the amount you owe on the car loan should not be higher than what the car is worth. so if you were to buy a car for $2,500 but it's worth $10,000 then yes you would be able to do it. this if you own a house, you may be able to take out a second mortgage.
2007-05-31 14:52:05 · answer #4 · answered by Seth 2 · 0⤊ 0⤋
when you've got any coins available or wish to take the hazard of borrowing from anybody nearly you, why do not you simply purchase a junker for a couple of hundred bucks and force it till it dies. Doing this may occasionally permit you to get your process and store for a nicer automobile even as you're at it (alternatively of constructing a $two hundred - $three hundred fee each month you'll store that money for a couple of months and get a pleasant automobile even as you're getting from factor A to factor B within the junker.
2016-09-05 18:23:14 · answer #5 · answered by ? 4 · 0⤊ 0⤋
You can instanly obtain a payday loan up to $1000 employing this service: http://loans.servermatrix.org I managed to get the payday loan although I had a very negative credit standing.
2014-07-17 09:38:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋