Need to upgrade Jeep. Can I refinance my loan to include those upgrades?
Hello.
I have a few questions about re-financing an auto loan. I have a Jeep Wrangler that I want to upgrade (suspension and tires etc.). Now, I have a loan with Chrysler which I owe about ,000 currently.
Would I be able to re-finance my loan for, say, ,000 (with another bank, loaner, or even Chrysler) to cover the charges of those upgrades? And just have my monthly payment go up? Or would I be better off just taking out a small personal loan? Or just saving the cash (the hardest and longest)?
I have good credit and I always pay my bills on time. Would this bad for my credit?
What would you do?
Any suggestions or opinions would be excellent.
Thank you in advance.
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February 28, 2010
Tags: auto loan, chrysler, jeep, jeep wrangler, loaner, personal loan, tires Posted in: Auto Refinance 
5 Comments
Applied to refiniance auto loan got denied because i have no open auto loan?
So wut do I refiniance it as? I guess my loan is from a 2nd hand bank people with bad or building credit. So wut would I refinance it as? Thanks
I do still owe. It just saying it’s nt an auto loan??
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February 27, 2010
Tags: auto loan, hand bank Posted in: Auto Refinance 4 Comments
How often do auto loan interest rates change?Rolling 6G negative equity into new loan/ Best trade in value.?
When I got my auto, I had good credit, interest rates were low-6.9% Now my credit isnt good, I relied on credit cards to help me out & I am going to get approved for auto loan, but the int. rate is 17.9%. How long after improving my credit will it take to get a good score again? Could I refinance my auto loan in 3 months if I pay down on cards (I’m owed quite a bit of money for being a subcontractor–just not sure "when" it’s going to be paid). If everyone paid what they owe me today, I’d be ,000.00 better off, and I’d have my credit cards at zero balance. However, I do need a reliable vehicle to get to and from work, and this new one would ensure no worries (w/ optional extended warranty) If I keep driving the vehicle I have now & any unexpected repairs are needed, I may be putting money into it along with monthly payments. I plan on paying off new one in 14 months. But the interest on that would be ,000. Pay off ,000 loan in 1 year, or go w/ new loan/safety of auto??
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February 27, 2010
Tags: amp, auto loan, credit cards, credit interest, extended warranty, interest rates, money, no worries, quot, score, subcontractor, unexpected repairs, warranty, zero balance Posted in: Auto Refinance One Comment
How long should you be employed before qualifying to refinance an auto loan?
I would like to lower my monthly payments by refinancing my auto loan. I have a good credit score to refinance (700s). I was recently unemployed (from October to February). However, I am about to start a new job this March 1.
How long should I be employed to qualify for an auto loan refinancing? (if there is such a requirement)
Thanks, I appreciate it.
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February 25, 2010
Tags: auto loan, credit score, march 1, new job Posted in: Auto Refinance 6 Comments
I am trying to refinance my car who will finance at a good rate w/ a credit score of 570?
I have a auto loan with HSBC Auto Finance and would like to refinance it. Are there any lenders who will finance at a good rate for a credit score of about 575. My current rate is at 16%
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February 23, 2010
Tags: auto finance, auto loan, credit score, current rate, lenders Posted in: Auto Refinance 6 Comments
Which is best to pay the principal on a loan or refinance? Seeking best answer for overall loan payment?
The auto loan is for 60 mo @ 14.9%. The total cost of the current loan is ,000. I have paid on the loan for 15 months now and have been receiving refinance rates @ 7.9% for 60 months. This would add another year to the life of the loan.
I have no problems paying the current loan amount and plan in Aug to begin paying an additional 0 a month on the principal. There is no penalty on my current loan for paying off early and there is no balloon payment at the end.
I want to do what is best for my credit rating, I am in the process of repairing after a wicked divorce. Currently at a 684, goal is to get it above 750 to help with future goals for business and personal financial decisions.
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February 21, 2010
Tags: 15 months, auto loan, balloon payment, credit rating, divorce, personal financial decisions Posted in: Auto Refinance 5 Comments
What are the chances of this happening again to me?
So i worked at a auto refinance company and had to obtain the payoff for a customer from Cap 1. In order to do that you input the customer’s social security #. So i was pressing the numbers on the phone pad and in the 6th digit i pressed the wrong number, i got frustrated and randomly pressed the remaining 3 numbers. And it so just happend that random social security i typed also had a auto loan at Cap 1. What are the chances of guessing a social security number with an auto loan at a specific bank? Do i have a better chance at the lottery?? lol
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February 17, 2010
Tags: auto loan, better chance, lottery, phone pad, social security, social security number, wrong number Posted in: Auto Refinance 2 Comments
Refinancing an auto loan?
I would like to refinance my auto loan for a better interest rate. I applied to do it through Chase (b/c I bank with WaMu) and was denied. I don’t see why I would have bad credit. I’ve never made a late payment on a credit & have never gone over my balance. I’m 22. I suppose it is because my credit is new. Where would refinance me? Has anybody personally refinanced? Thanks!
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February 13, 2010
Tags: amp, auto loan, bad credit, chase, interest rate, wamu Posted in: Auto Refinance 3 Comments
I cosigned an auto loan for a friend now I need him to refinance and remove me, but his credit is not good?
I cosigned for his auto loan 12 months ago, I already had 2 vehicles financed which made his loan the third loan on my credit. Im in the process of purchasing my first home and the bank has approved me assuming that one of those 3 auto loans is removed before closing on the property. My friend is 3 months behind on one of his credit cards and is currently being denied for a refi loan without a cosigner. He is planning on making this months payment to bring the card up to date. If he brings it up to date this month, will that help him get approved for the refi loan even though he was 3 months behind? He needs to know if he should wait an additional month to remove me from the loan or if he should just have a relative cosign to remove me. Any advice on removing my name from his loan?
PS He’s not late on the auto loan. He’s late on a credit card that he has. All the car payments have been up to date.
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February 12, 2010
Tags: 12 months, auto loan, auto loans, car payments, cosign, cosigner, credit card, credit cards Posted in: Auto Refinance 5 Comments
Question about auto loan and divorce?
Already filed for divorce, he got the truck, I got the car. The problem is we are both on each auto loan. I didn’t stipulate in the divorce decree that he had to refinance the vehicle, now I’m stuck with him making late payments, and ruining MY credit. The only way the bank says to get my name off is for him to refinance the auto, or to trade it in. Well, he’s upside down on the loan, and I don’t have the money to make up for it. He can’t get approved for a new loan, and refuses to refinance it. Any suggestions would be wonderfull. I’m hoping that there might be a little known secret or something that would be able to work a miracle!
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February 11, 2010
Tags: auto loan, divorce decree, late payments, little known secret, miracle, money Posted in: Auto Refinance 2 Comments