Company Car « auto loan rates

July 5, 2010

I want my auto loan company to pay off my car, let me keep it and give me a new one?

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

Gerald

Comments (4)

June 10, 2010

Credit union or my current auto finance company?

Filed under: Credit — Tags: Auto Finance, Auto Loan, Car Auto, Checks, Company Car, Credit Auto, Credit Card Payments, Credit Score, Credit Union Account, Current Company, Finance Company, Income Tax, Job, Matter Of Fact, Rebuilding Credit — @ 10:03 am

Derrick W asked:

I want to buy a newer car next year, but my credit is not the best. I”m currently rebuilding my credit, and my credit score should be between 620-650 when it’s time for me to buy a car. I’m current on the auto loan i have now and i have been on time for a year. However i was late numerous times before then, due to a job loss. I also have a credit card through the same company thats financing my car and i have never been late with the credit card payments. Matter of fact i have a balance of zero on my credit card. I’m also a member of a credit union, i get my work checks directly deposited into my credit union account. My car will be paid off in 8/2008, but i plan on paying it off earlier when i get my income tax check in 01/2008. I like the current auto finance company i’m with now, because they gave me a fair rate, eventhough my credit was’nt the best. Should i try to get my next auto loan threw them, or should i try to get it threw my credit union?

Fred

Comments (3)

December 16, 2009

I am stressed and need your help regarding an auto loan?

Filed under: Buying & Selling — Tags: Advice, Auto Loan, Capitalone, Car Allowance, Cards, Cheap Car, Company Car, Credit Rating, Divorce Agreement, New Job, Nice Thing, Salary, Score, Stupid — @ 11:58 pm

jmh60441 asked:

Ok. I have been divorced now for 2 years and am really happy with someone else. The problem is that my ex-wife really did a number to my credit. She took out cards in my name, charged excessively, etc, etc. Long story short, I had to pay a huge some as part of the divorce agreement to close all accounts. I am now taking a new job and have to give up my company car. The nice thing is that it is a great salary and car allowance. When this should be an exciting time for me, I am really stressed about having to get a car with this credit rating. I tried last night at capitalone.com and was instantly denied which isn’t a good sign. My score is in the low 600′s now. I realize a dealer will get a loan for me, but I’ll be probably 18-22%. Is it possible to refinance after a year to get out of that? I have to get a car this week and really need some advice on how to proceed based on my position. I don’t have the $ to pay for a cheap car upfront either. Looking for used car.

Tx!
It’s really sad that people even try to scam you on here, it’s actually pretty unbelievable. For those that posted trying to scam me and who obviously can’t even put a sentence together…….nice try. Do you actually think I’m that stupid?????????

Lucille

Comments (0)

September 22, 2009

Ramifications for a cosigner on an auto loan?

Filed under: Buying & Selling — Tags: Auto Loan, Company Car, Cosigner, Credit Cards, Damaged Credit, Debt To Income Ratio, Divorce Agreement, Ex Wife, Favorable Rate, Girlfriend, Money, Ramifications, Signs — @ 3:52 am

jmh60441 asked:

My ex-wife really damaged my credit a couple of years ago. I need a vehicle now as I’m switching employer’s and have to give up my company car. I make good money, so the payment is not an issue, it’s just really unfortunate that my credit still suffers as a result of my divorce two years ago. My question is that if my girlfriend co-signs for me to get a favorable rate, will it affect her ability to purchase a vehicle, say a year or so down the line?
Defaulting on the loan won’t happen, but won’t her debt to income ratio be more limiting her ability to get a vehicle?
Yes it has been two years, but the cards were closed that she opened in my name and are shown on my credit as “charge off’s”. As part of the divorce agreement, I paid $12k to settle/close all of these accounts. I don’t have any credit cards now and no balances.

Bonnie

Comments (5)