The auto-loan tag has no wiki summary.
7
votes
2answers
60 views
How do third-party banks issue car loans?
If you buy a (new or 'certified' used) car at an American dealership licensed by a manufacturer (and, of course, your credit is good), you can borrow money from the manufacturer's associated bank, ...
4
votes
3answers
96 views
Should I lease, buy new, or buy used?
I'm looking for an answer based on quality(they don't make 'em like they used to), price(are new cars even worth the $), and/or reliability/low maintenance (where leasing is attractive) which option ...
3
votes
4answers
1k views
What's a reliable way for a non-permanent resident alien in the USA to get an auto loan?
I am a Canadian citizen starting work in the USA under a F1 OPT extension (one year). After the OPT extension is up, I'll probably be seeking an H1-B visa.
I'm looking for an auto loan. I have a ...
3
votes
3answers
133 views
Building Credit for a Young Person with No Credit
I don't have any credit established but I'm a computer programmer and I make pretty good money. I'm 21 and I would like to buy a new car. I can't get a loan because I don't have any credit and I've ...
5
votes
1answer
107 views
Question about car loan payment
Say I bought a car for $20,000 and made a down payment of $5,000
Now, at 0.99% APR, I need to pay around $450/month for 36months to pay off my $15,000 debt.
Now, which is a wiser option:
I make ...
1
vote
1answer
94 views
Why can I refinance my recent car loan at a lower rate than I had received originally?
I just purchased a new car a month ago at 3.2% APR. This was the best rate I could get at the time.
I currently have an offer from a bank to refinance at 2.25% APR. For a $25k auto loan, this ...
10
votes
4answers
367 views
Did my salesman damage my credit? What can I do?
I am in the process of purchasing a new truck. A few months ago I put a $500 security deposit down on a truck. I was told that the truck was at a neighboring dealership and that it would take 2-5 days ...
4
votes
2answers
332 views
Buying a car - advice needed
Some bad decisions and/or stupidity during grad school left me with a credit score of 593 and a collection+late payment on my credit report. A month ago my car died and now I need to get another one ...
5
votes
1answer
106 views
Will “rate shopping” affect my credit score?
I'm thinking of buying a car but I have a low credit score (649). I have a bank account that I've been using for the past five years so I thought I would apply at that bank first, get a quote and then ...
8
votes
1answer
600 views
Why are my auto loan payments calculated differently than my mortgage payments?
Last year I got a home loan that follows the standard Rule of 78s amortization schedule. I can easily predict how much of my mortgage payment will go to interest and how much to principal.
A few ...
3
votes
3answers
124 views
Will I incur late fees, now that I am making infrequent/late payments on my auto loan?
I have been unemployed for 6 months now. I have been making infrequent payments on my auto loan. I am suppose to be paid up in May of 2012. My lien holder never sends me my balances or a bill, so I ...
