Should I get a personal loan to get this car?

I am interested in purchasing a 1999 isuzu rodeo that only has 85K miles on it...alot of people have told me that most banks wont finance a car of that year ..and I only want my monthly payments to be between 150-200/mo,which I have been told is damn near impossible for a car payment. The only thing I have seen that would allow me this payment is to get a car thats at least 6-10 years old, or a car that is only a few years old but has really high mileage. I was told I may have to get a personal loan instead of an auto loan to purchase this vehicle. is that true? anyone else been in this situation where they were trying to finance an older vehicle and couldn't? is it a bad idea to finance this vehicle? I only have 200 dollars for a down payment and need a car quickly or else i cant get to work.

Should I get a personal loan to get this car?

First a $200 car payment is NOT impossible. My car was a little over $5000 and my payment is 200. You need to find a dealership that has used cars that around the $6000 or $7000 range and depending on how long you want to pay, you can get a 200 car payment. A personal loan sounds good but I your investing in something that's really not going to help you. Have you checked the gas mileage (it's horrible by the way) and it's parts are going to be a litttle expenisive. How long do you want to pay on the car?

Should I get a personal loan to get this car?

NOOO WAY!!!

My advise is to find one from a private seller.

Should I get a personal loan to get this car?

you can finance a car for practically any amount. anyways, you should check with the finance companies to find the best interest rate. obviously, it would be the most practical to just pay it in full, but if you can't, you can't. my last suggestion is that you consider a car that gets better gas mileage. i don't know how much you spend on gas a month, but it would be wise to buy a slighty newer car and spend less on gas, than an older, less expensive suv that is expensive on gas. with the saved gas, the car payment/gas bill will probably be the same which ever route you take.

good luck

Should I get a personal loan to get this car?

banks finance cars 2000 and up with less than 100,000 miles thats where you get your best rates. Buy Here Pay Here lots will finance anything but Beware they will stick it to you.

Should I get a personal loan to get this car?

I am no gonna say I am one hundred sure about it.Besides it really depends on the personal feelings.

SO it would better for you to find yourself.Here is a good resource.http://loan.online-supporthome.info/cash...

Is there any good way of getting out of an upside-down auto loan?

You havent said that you cant afford your car payments so im going to suggest 2 things to you. If you are just looking for a new car that you wont be so upside down on, you need to find the car, NO MATTER THE MAKE OR MODEL, that has the most rebates on it to bury your negative equity. I know at one time it was the dodge ram with about 5k in rebates. The chevy suburban also had about 10K in rebates. From now on if you have good credit dont buy.......... lease........

Or put your full coverage insurance to use and drive your car off of a cliff.

Is there any good way of getting out of an upside-down auto loan?

try early pay off

Is there any good way of getting out of an upside-down auto loan?

You get a different loan and pay it off.

Is there any good way of getting out of an upside-down auto loan?

If you are upside down on a loan, you need to sell. You need to cut your losses and try to find a cheap, reliable vehicle. Sell via private party rather than trade-in as you will get more out of your vehicle. Try http://www.kbb.com/ for the estimate value of your vehicle and go to http://www.cars.com/ to take possibly sell the vehicle. Next time, try to buy a car that retains it's value. Honda's are great vehicles that generally do this.

Concerning auto loans from banks, who and what is the "lien-holder"?

My auto loan check hasn't cleared in the dealership's bank acc't, but he'll let me take the car off the lot of I can give him the lien-holder's address and phone number from the bank that issued me the auto loan. ??? Someone please explain what he means. Thanks.

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

The lien holder is the lender - the bank you borrowed the money from to buy the car.

A %26quot;lien%26quot; means you won't have the title to the car until the loan is paid off. Until then, they hold the title, so the dealer wants to know who this is.

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

A lien-holder is who you owe the money to.

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

a lien holder is who is giving you the loan for the vehicle (example: wells fargo, capital one etc.)

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

The lien holder is the institution that loaned you the money.

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

being more specific, the lien holder address is the SPECIFIC address the lender wants you to use on the title of the vehicle. Call them up and ask them for their lienholder info for the dealer.. it is usually included in the paperwork the bank gave with their draft.

Concerning auto loans from banks, who and what is the %26quot;lien-holder%26quot;?

He wants to know the name and address of the lender who gave you the money for the car. The lienholder is usually the lender, however, a lienholder can also be someone who has filed a claim/lien against your car, for instance a mechanic who didn't get paid for services performed on that car, the mechanic would file a lien, stopping you from selling the car without a release of interest from him.(which he won't do unless he is paid in full) But, in your case, the dealer wants the bank's name and address.

Where can I get a best rate on auto loan?

It is really going to depend on your credit history. A lot of places are advertising great rates, yet when you apply, you don't get them. This might be because you have a negative mark on your credit report. Most of those great rates that are advertised are for %26quot;well qualified borrowers.%26quot; One late payment on some other account removes you from the %26quot;well qualified%26quot; category.

Try NetBank. http://www.netbank.com

Try Chase Automotive.

Good luck.

Where can I get a best rate on auto loan?

Auto Loan Guide: http://autoloanguide.automobil... Report It

Where can I get a best rate on auto loan?

I know it sounds dumb, but geico.com

Where can I get a best rate on auto loan?

USAA Federal Savings Bank.

Lost my job, unemployment pays utilities, what happens on voluntary return of auto & deficency o

ask someone frm govt

Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

You will still have the bad credit on your report.

Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

If your thinking of %26quot;voluntary return%26quot; it still comes back as repossessed. I did that. And then they sold it at auction and I had to pay the difference of what was paid at auction and what was owed which was 6,000!! One suggestion is to talk to your lender, explain that while you cannot make payments, you are trying to find a buyer. They may give you extention for month or so. If there is a reputable used car dealership around they may be able to help you find someone to buy it. Avoid %26quot;voluntary%26quot; unless absolutely necessary. Good luck.Been there .

Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

well the car will be sold and your Will be liable for difference!!!!

Is it possible to change an auto lease to a loan?

I just leased a new nissan sentra. It is the first car I have ever leased. I am less than 30 days into it. I haven't even made my first payment yet. I am just not sure I made the right choice in leasing. I think I would be more comfortable with a simple loan. Can it be changed to a loan without it costing a fortune?

Is it possible to change an auto lease to a loan?

Yes it is possible,

but it will be expensive.

Call your leasing company and ask them if you can buy out your lease.

If you are financed through NMAC they will require you to go back to the dealer you leased the car through to do the paperwork.

Be prepared for a signifigantly higher payment... Leased payments are based on the residual value (aka expected value at the end of lease term) While auto loans are full the full purchase price of the vehicle plus any applicable sales tax. Example... Financing $19750. for 60 months at 8% gives you a payment of about $400 a month.

Best of luck!

Is it possible to change an auto lease to a loan?

It would cost a fortune. You would have to pay the penalties to get out of that lease. If you wanted to buy the car, they would have to determine the %26quot;residual value%26quot; of the car/

Residual Value: %26quot;The price at which the car is expected to be sold at the end of the term. Residual value is used in calculating depreciation. Also called salvage value, scrap value.

The car lost value the day you drove it off the lot. You are upside down on it already.

You can talk to the dealership and ask them if you can buy the car at the residual value, and they MIGHT let you. But they also have the right, by contract, to penalize you for breaking your lease. If you do not pay the fees, not upholding your part of the deal, you will then be in default, and you will be in the ballpark for a high risk loan (which is a higher interest rate). Keep the car, and deal with it. It's not forever.

I have leased my car, and I think it's the way to go. You don't have to worry about selling it. The payments are lower, and you just turn it in when you're done. You can then chose to buy it at the residual value (which they will offer you). Or you walk away and let it be their headache. So what are the benefites of owning a outright? Sure you'll get the fuzzy feeling that it's yours. And someday you will pay it off (with higher monthly payments which mean you have less monthly cash flow). And then you'll probably just to turn around and buy another one. Then you have the headache of selling it or haggling a trade in. So think of a payment as your fee to drive. Cars are rarely good investments. They're not intended to be, unless you are into classic car restoration.

The other option is to total the stupid thing. They get paid, you're out of it. But then your insurance goes up and you might kill yourself. So I don't recommend that. LOL

Is it possible to change an auto lease to a loan?

you dont really state why you dont think you made the right choice in leasing, but the fact is, not that you ARE leasing, you would only cost yourself more money trying to change it... and by the way, you HAVE already made the first payment. In leasing you make your first payment before you drive off the lot, unlike a purchase where you pay a month or so later.

Is it possible to change an auto lease to a loan?

If you use the car for business then 100% of the lease is tax deductable, only the interest on the loan would be tax deductible.

Is your lease residual or non residual? Residual means you pay out the balance of the car value at the end of the lease and then you own the car. Non residual means you hand the car back at the end or the lease and lease another car or get a new lease on this car. If non residual then the difference between the value of the car at the end of the lease and the original purchase price may be billed or refunded to you, read your lease to find out if this applies.

A lease costs you the price of the purchase of the car minus the estimated sales value of the car at the time the lease expires plus interest and lease fees. A loan costs you the full purchase price of the car plus interest plus loan fees.

see the attached links to calculate roughly the cost on each.

It can be very expensive to break a lease on a new vehicle as they lose a lot of value as soon as they are driven out the show room door and you will have to pay this value plus fees attached with terminating the lease.

Is it possible to change an auto lease to a loan?

Take a deep breath: There is life after a lease. But since you don't own the car, you have fewer options. And it will cost you. Be prepared to pay steep charges if you cancel it outright.

A better move is to restructure the lease so that your monthly payment is more manageable. Keep in mind that you are at the mercy of the leasing company; be honest and explain your financial situation in detail.

Is it possible to change an auto lease to a loan?

Just pay it until the end and then buy it out.

Is it possible to change an auto lease to a loan?

NO IT'S NOT POSSIBLE, the moment you took delivery the depreciation factor hit way over 20%.

LEASE You must FULLY understand the contract when leasing a vehicle. Whatever terms you agree to and sign, be 100% sure you will want to keep it for that term and fully understand the fine print. If you went to jail for 3 or 4 years, you would most likely be released early based on good behavior. Not so with a lease! There is no parole without severely hurting your pocketbook. - sorry

Is it possible to change an auto lease to a loan?

Too late. Unless you want to lose oodles of $$$$$$$$$

Finding out if auto dealer took recourse loan?

will bre having repo on my car and want to know if dealer took recourse loan with financer

Finding out if auto dealer took recourse loan?

If you have your contract that was mailed to you by the dealer when you purchased it, there is a place on the back the dealer has to sign for recourse. Otherwise, call the lender or ask the dealer for another copy of the contract. However, I will tell you that it is not common practice for dealers to recourse a deal.