Apply Auto Loans

Also, I was already approve for a car loan, but I want to find a better deal. If I go and apply for several other loans, will my first approval become affected? What I mean is since I was approve for the first loan, will it change because I went to apply for another one?

You do Not need to apply to find the deals , Unlike mortgages .
Just ask the lenders what their rates are for the various terms ,
Then take the best offer .

http://www.bankrate.com/brm/rate/auto_ho me.asp

>

2008-06-17 18:47:56 by Queline

CAR LOAN FOR BAD CREDIT NO CREDIT AUTO FINANCING CAR LOAN RATES AND CALCULATOR AND ALL TYPES OF LOANS FAST APPROVAL GUARANTEED VISIT NOW AND APPLY ...

I have horrible credit, no cosigner, and very little for a down payment

I would try using Drivetime, though be wary because they will try to take advantage of you since they know you are in a somewhat desperate situation. I work in the insurance industry and I have a lot of sub-par credit insureds that use them.

2006-09-12 12:46:16 by Tim D

Price: $17.95 $17.95

I've read and heard that when applying for auto loans, you can apply all in the same week and have it hit your credit as one hit. Does the same apply to student loans? I need a student loan to take some classes this fall. I have 100% tuition reimbursement from my work, so I don't care about the interest rate, I just need to get the loan so I figured I might just apply to every place I can find.

I agree with above poster. IF you don't care what the interest rate is, why apply for more than one?

But to answer your question...
Each loan application is a separate hit. Unless you have great credit and a full time job earning good money you will need a cosigner and will have to pay "origination fees" or something similar. It is money that comes right off the top of the loan for borrowing that is in addition to the interest on the loan. So if your tuition is 2000, you will have to borrow something like 2200 to cover the 2000 bill.... your employers money wouldn't pay it off.

My advice:
Don't do a private student loan, do a federal one. You won't have your credit checked, you won't need a cosigner, there will be no prepayment penalties or loans that REQUIRE you to pay the interest anyway despite being paid off and some federal loans are subsidized.. meaning no interest will be charged while you are in school.

ALL private loans will charge you interest... from the day your school gets the money. Even if your work pays your tuition, most of the time it's not until after you finish the class and turn in your grades. Or sometimes not until AFTER you get your degree or work for them for a certain length of time and ONLY when the class is an approved class. You will be charged interest and your employer won't pay for that.

BE SURE you read the fine print of your employers reimbursement policy because it is doubtful the will pay 100 % of your tuition no matter what. What if you got into Harvard or the University of Phoenix (that costs same as Harvard)? Would they still pay 100%? Doubtful!!!

Also be aware if your employer pays for 100% tuition, they may not pay for your schools "fees" and at many schools, the fees are MORE than the tuition!!!

Don't jump into this without knowing exactly what you are getting into.
Do federal financial aid loan at http://fafsa.ed.gov

2008-07-27 18:46:21 by kittygirl128

I have just applied for an auto loan at a credit union in order to get a low interest rate. Problem is they keep saying I have insufficient income because they only look at my schedule C gross income which is after business expenses are deducted. Shouldn't they be looking at the big picture? Like monthly income? Bank Statements?

Isn't there a specific way to do self-employed loans differently? Are there loans specialized for the self-employed?

If anyone can suggest some info i would appreciate it!

Try getting an online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo ans.html The questionairre will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.

2008-09-29 20:53:58 by trulve

I applied at my credit union for an auto loan and they gave me an answer of X amount. If I go straight to a car dealer about car financing/loans, will they give me the same answer of X amount? That being said, is it the same everywhere or do businesses/credit unions/banks each have their own unique judgement?

YOU NEED A PERSONLIZED BANK. WHEN IT IS ON A PERSONAL LEVEL, THEY CAN SIDESTEP GUIDELINES.
YOU NEED TO GO WHERE YOUR CHECKING, SAVINGS ACCOUNT IS.
TALK WITH A LOAN OFFICER. BE ON A FRIEND BASIS. WHEN HE SEE'S YOU AT THE STORE, HE KNOW'S YOU.

I PROMISE YOU....."PERSONAL" IS THE KEY TO SUCCESS.

MY BANKER WILL LOAN ME $10,000.00 ON A $5,000.00 CAR.

GUIDELINES, SAY NO. "PERSONAL RELATIONSHIP", SAYS ..YES.

GOOD LUCK.

2006-05-29 10:48:58 by roxypinkness