Do I need a VIN number to get a car loan?
i'm looking to buy a new car. I have a friend who is an auctions cars and can get me good deals on cars however I need to cash on hand before I buy a car. Last time I did my car loan I needed to put down the Vin number and the sellers name during the application process. Is there a way to apply for car loan without the Vin number so I can have the cash in hand and pay at the auction for the car?
Can a bank reverse my car loan?
Auto finance is what I do for a living and the dealer did what's called a spot delivery. This is when they let customers leave in the vehicle without having a real honest approval in their hands. This is why they want you to come in and sign new paperwork because the numbers, term interest rate etc does not match the paperwork you signed. This gives you the opportunity to back out of the deal. Only bad thing is depending on how the paperwork reads your down payment may not be refundable. Look on the purchase agreement it could say that down payments are actually partial payments and are not refundable. And yes what they did is totally legal. Good luck.
How can we know about car loans?
Try this site where you can find the best solutions for all your personal financial needs://INSURANCEANDFINANCETIPS.INFO/index.html?src=perfinance//RELATEDDoes checkmate payday loans take broken phones for cash?I was told by someone that you could get cash for broken phones at checkmate payday loans and was wondering if that was true?Is Online Shopping for Electronics, Apparel, Computers, Books, DVDs & more safe and secure for me to use my visa debit card?i’m not 18, so i dont have a credit card to use, but i really need to get stuff from there cuz its way cheaper, like a financial calculator. i was reading through the info they gave me from the bank, i have a bank of america card, and they say that i would be reimbursed if there was unauthorized payments. is that true, whats the deal? and should i use it or not”#repostCapital One auto loan?I just got a new auto loan with Capital One. Does anyone have a Capital One auto loan, and happen to know how soon after the origination, my payment will be due? I know some companies don’t do it exactly 30 days after signing, so curious if they do. Thanks!”Why were jews treated so badly?Hi I am doing research on why Jews were looked upon as devils back in the 13th century? Do you know a good website that could help e with this topic? Thanks! :D#repost“Has anyone used a credit repair company, with any success?”I’m thinking about using one, but I am skeptical as to whether they actually remove derogatory items from your credit. Any insight on this will be greatly appreciated.”Is there any where that one can get mortgage assistant which I am under ch 13 .?I am under ch 13 and almost all of my income goes to ch 13 trustee and I know my lawyer did not do like he should have and cost me more. I know it is hard to get it refinance and have to wait 12 months I think. I just need some help paying part of the mortgage is thee a organization that help people.#repostI want to file bankruptcy but I also plan on getting married soon?I want to file bankruptcy but I also plan on getting married soon? Would it be better to file bankruptcy before I get married or because my spouse has bad credit as well get married as planned and file together? Is a spouse bankruptcy more expensive? But mostly would it be better to file together?
My bank said I need to show proof of car insurance to get a car loan but how do I get car insurance if I have no car in the first place?
My bank said I need to show proof of car insurance to get a car loan but how do I get car insurance if I have no car in the first place?As someone else said, it is sort of a catch-22. In order to get the insurance, you need to have the car’s Vehicle Identification Number (VIN) and the loan information. BUT, your lender just told you that you first need the insurance, before they’ll approve the loan.1) If you are loan shopping before buying the car, you should have a certain dollar amount that they will approve you for.2) You need to THEN have a specific car, that you put your down payment on, pending getting your Finance Check AND Proof of Insurance, so shop around.3) Go to your agent with all of the information from the bank (where the bank wants the insurance papers to go) and the Vehicle information including the VIN. Purchase your insurance.4) Go back to the lender with the purchase order from the dealer AND your proof of insurance. Get your check to pay the dealer with.5) Take the Finance Check back to the dealer along with your proof of insurance, and pick up your car.
IS A BANK INTERVIEW FOR CAR LOAN BAD?
My husband and I are trying to get a car loan through Kia. The sales manager at Kia said everything looked good and the bank shouldn't have a problem financing us. Well today we found out that the bank wants to call us for an interview on Monday and our account is pending final approval. Does this mean we are leaning more towards not getting approved? Or because we are first time buyers? It's better to get an interview then them just declining it to begin with right? Any advice is helpful, the waiting game sucks!
What bank will approve a car loan for $30,000 with bad credit?
I need a $30,000 car loan so i can get out of my piece of sh** car that I had no choice to get. I want a chance that everyone else has. I see all these nice cars and I am always pushed into getting something without a choice. I do have bad credit cause of some fraud issues on my credit report. I already turned that in to the police and the creditors but nobody will still approve me. Please Help me get out of hell and get into a new car.
Do banks in Dubai offer used car loan?
Used cars market is also developing rapidly in Dubai. So, if you ever want to have a used car loan in Dubai, you need to know a few facts regarding the same.The tenure of used or normal car loan is usually 60 months. However it depends on the requirement of the banks that provide you the loan. Some banks provide used car loan for the car which is not older than 10 years upon the completion of the loan.You can only finance up to 80% of the used car’s value that is 20% of the down payment.Sometimes, you need to settle the down payment of 20% directly with car owner whereas the other times, bank itself settles the remaining 80% of the car’s value.The EMIs that you pay on the car loan should not be greater than the difference between half your salary and existing liabilities.You can gain loan from any bank in the UAE not just the bank to which your salary gets remittedYou should be ready with three months bank statements, salary certificate, UAE driving license, clean financial record, healthy credit score and you should be a UAE resident to attain loan from the UAE.You can get more information on car loans here Compare Car Loans, Interest Rates in Dubai, UAE
Why do banks need to know my net worth as part of customer due diligence? Do they need to know this even though I am not seeking a loan?
If you are not seeking any credit extension, then they do not need to know. For you it is too much information to share.
Which is better bank loan or car dealerships loan??
THis is not an a simplistic answer. The car dealership financing will often just be a front for a bank (F&I scenario- where the bank places a fainancin and insurance rep on the dealers floor with all paper work in the dealers name) and thus it is not always apparent whether you are dealing with independent financing or a bank. Ask the question, if they are affiliated to a bank they should be happy to tell you. The next bit of homework is to compare rates- not just the interest rate being offered but issues like- can you choose your own insurance company (if you are tied into a specific insurance company the insurance may be ovver priced in order to make up for lower returns on the car loan), what happens if you settle your loan early (some companies will levy carges on early settlement due to the lost interest. So do your homework and evaluate what you are offered for both. (Don't forget to ask for lease vs installment sale options as well.)