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Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Is a car loan considered an installment loan?
Yes, a car loan is considered an installment loan.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
Is a car loan secured or unsecured?
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
Where can I get a Guaranteed Car Loan in Omaha, NE?
SBA Loan Omaha ,NE .Here you can get a guaranteed Car Loan
What is another term for refinancing a car loan?
Another term for refinancing a car loan is "auto loan refinancing."
Can you roll the balance of a carloan into a new car loan?
No, it most cases you cannot roll the balance of an existing car loan into a new car loan.
What information does the car loan calculator Canada give?
Car loan calculator Canada can calculate ones car loan payments. One has to enter his/her price, down payment, trade-in value and rate into the Canada car loan calculator and the calculator will calculate ones car loan payments.
