If i could buy a car with cash, or keep that money invested in anything(probably stocks) and get a auto loan for the car, what should i do? A car loan would be about 7% interest rate. I am a new invest I think i could get a 7% return but there are no garantees.

I am 26 yrs old and have 6500 in credit card debt and 00 remaining on an auto loan. I was thinking of using most of my IRA to pay off these loans. Being that I’m still in my mid- twenties and having 30+ years to save up for retirement, it seems like a good idea. Plus I’ll be able to aggressively save after I pay off these loans, both retirement and cash reserves. Good or bad idea?

I find myself needing a new car and as many of you know, times are bad in the economy. I have no credit history what so ever I checked my credit report and there is nothing but zeroes on the report. I am 50 years old and have always saved up my money and payed cash for everything. I have ,000 in a money market acount getting 4.10% intrest. I was wondering what my chances are of getting a cash secured loan for a new car?. I thought although I could pay cash for the car if I took out a loan it might help me build a credit rateing better then 0. Does anyone know if a bank would likely give me a ,000 auto loan if I used my money market acount for caladeral?

i have a credit score of 650. i am willing to put down 5000 cash as a down payment. i will not have a co signer. i am wondering if i will be able to get an auto loan with an interest rate of 15% or lower.

My mom has worked for a small retail shop for about 5 yrs (she’s the ONLY employee) and she gets paid in cash (the owner doesn’t file payroll tax). Will a letter from her employer stating how much she makes suffice as proof of income when applying for an auto loan? If not, how could she go about providing proof? Any suggestions would be a great help. Thanks in advance

I’m thinking of calling Chrysler Financial and trying to get them to refinance my auto loan. I still owe them about 000 on a loan for a car that blue books for less than 00. Since I have no chance in affording any type of new car anytime soon I figured I my as well drag the loan out more and lower my payment to give me extra cash every month. Has anybody worked with them? Do they help you out or will they give me the boot?

I’m thinking of calling Chrysler Financial and trying to get them to refinance my auto loan. I still owe them about 000 on a loan for a car that blue books for less than 00. Since I have no chance in affording any type of new car anytime soon I figured I my as well drag the loan out more and lower my payment to give me extra cash every month. Has anybody worked with them? Do they help you out or will they give me the boot?

Hi i’m trying to purchase a car from a private seller, i’m 27 and work full-time. I’ve applied to Chase, Bank of America, and TD bank for a Auto loan for 9000$, each bank said i lacked enough credit history for them to process my loan.

Do i have any other options besides finding a co-signer? I have cash on hand to purchase car, but i rather finance.

Hi i was looking at getting a auto car loan from my bank i was wondering what are my chances and i have a set car already and have about four or five of them lined up i wanted to pull out like a 5000 auto loan would this be a good idea or should i get a co-signer or i shouldn’t even bother and just do cash.

I will need to get an auto loan for 000 or so. But I never received an auto loan thru bank and am not sure how it works. Once submitting the loan application form, then what?

How long does it normally take to get approved? And once approved, then do I receive the money in cash from the bank? How do I purchase a vehicle using that loan? I mean do I pay the car dealer for the vehicle a lump sum as cash?

Thanks.

I’m looking for a bank that is willing to over-finance an auto loan. In other words, I want to purchase a car worth ,000, but borrow ,000 and take out the other ,000 in cash. Does anyone know of a bank that is willing to do that? I have excellent credit.

I have ,000 in my Auto loan and ,000 in Home equity loan. I have ,000 in cash which I wan to use to payoff one of these loans. Which one should I payoff?
I am not sure about investing this money as it is risky.

My mom has worked for a small retail shop for about 5 yrs (she’s the ONLY employee) and she gets paid in cash (the owner doesn’t file payroll tax). Will a letter from her employer stating how much she makes suffice as proof of income when applying for an auto loan? If not, how could she go about providing proof? Any suggestions would be a great help. Thanks in advance

I know very little about this subject. But, I just applied for an auto loan on my bank’s website. I want to buy a car from a friend, so is the loan given in cash? And, how much do you usually have to pay each month to pay off the loan?

Thanks! 10 points. : )

I had an identity theft and my credit was shot. When I needed to get my first auto loan recently (I had always paid cash) I put a bunch down at a relatively high rate.

I’d like to get a more expensive car from a private party in about 15-18 months after I pay off my current auto loan (from a dealership) early. What type of FICO score do I need to get an auto loan to buy a car from an individual rather than a dealer? Does a perfect record on my current auto loan count, even if I don’t fix any of my other credit?

need help with auto loan

i qualified for a ,000 cashiers check from my bank for an auto loan, they said i would be able to deposit or sign over to a dealership but i was gonna just buy from someone selling there car and wanted to know if i just cashed the check will there be any hassle’s from irs or the bank?

i saw a nice car at a car dealer…
00….should i get an auto loan, or just buy it straight up
(cuz theres always AMEX lol)

it’ll be a fixed APR of 1.99% on my AX
idk APR for auto loan though
i figured auto loan would look good on my record =]

I’ve tried calling car dealers, the cash for clunkers hot-line, and a few different banks, but no one seems to know anything. Your answers are greatly appreciated!

I’m a college student and first time car buyer that currently drives a qualifying vehicle for the cash for clunkers program. However, the qualifying vehicle’s registration and insurance has always been strictly under my father’s name (for the past 3 years, with my name on the insurance policy).

I would need to take out an auto loan, but I’m unsure how the people at cash for clunkers qualify the purchase. The ideal scenario would be:

* Auto loan in my name (no cosigner)
* Title under my name and my father’s name (so that I might qualify for the cash for clunkers program, but not really sure if this would work!)

Ideally, I would just have my father cosign the loan with me, but he recently went through bankruptcy so his credit is not so good! My credit is decent, so I may have a better chance on my own.

So my question is: would this scenario qualify for the cash for clunkers program, and if so, which bank(s) would give out a loan to one person and let the title be registered to two people?