Personal car loan

Questions and Answers

can u name loan companies that give personal or car loans in ireland please?

A) NIIB Finance are good (Northern Ireland) - specialise in car finance. Check out www.niibfinance.com

Does a UK company offer a personal contract purchase ( PCP ) finance loan to buy a car abroad such as the US?

Q) My current car was purchased using a PCP finance loan and its superb so ideally would like to use it again on my next car in the coming months. I would like to buy a 2005 Ford Mustang GT from an offical US Dealer and then import it myself as I'm a UK resident (have been since birth). I have seen many companies offering a PCP in the UK but only by selecting one of their cars I don't want to do this and instead would like to source the vehicle myself. Does anyone know if there are specific companies which cater for this?

A) most of the finance companies will, HSBC, lloyds TSB etc... ask your local car dealer for a quotatation on a PCP then take the PCP info away and contact the finance folk direct....

Can I get a personal/car loan in the amount of $30,000?

Q) I moved out of state for a job but I'm now considering moving back. Been on the job for 6 yrs and my credit is in the upper 600's last time I check which was about 2 yrs ago. I want to move back home so I was thinking of selling my car which I could get about $5000 maybe and then trying to get a personal loan or a car loan from the bank for about 25k-30k. Use 15k to get a new car and the other to help with my expenses while I move back and hold me until I find a nice job, just in case I don't find one before my move. Is this possible? Well my current vehicle won't last much longer. I plan on finding a job before I leave, but that's easier said than done.

A) It would depend on what you have in the way of assets and income. If you are asking to borrow the money without having a stable income, such as you would if you are between jobs moving, you are unlikely to get this loan. $30,000 is alot of money to have loaned to you with no real collateral. It is possible to get it, but I would expect to pay a high interest rate, and you should definitely have a job lined up before you consider going to a bank to try to get the loan.

credit inquiries for car and personal loan?

Q) is it true that by seeking information from various lenders on good rates for a car loan or personal loan your score won't go down and you won't have multiple inquiries?

A) The multiple inquries not hurting your score only applies to cars and home loans. http://www.disputedemon.com/credit-score

is getting a personal loan from the bank to buy a car better than financing a car loan thru the bank?

Q) i want to refinance my vehicle but am unsure if i should get a personal loan to pay the car off, and just pay the loan back to the bank

A) Totally depends on which is the better rate, and length! It is good to pay a car note off early, but not if it isn't saving you! Plus you really need to watch, robbing Peter to pay Paul. It can become a viscious cycle!

can i deduct my personal loan&car loan principal in 80c of indian it act?

A) no only mortage interest is deductable, a car is not real property according to the irs. go to a tax pro w/ the question!

Where can I get a personal car loan in Georgia?

A) You don't need to find a lender who is phyically in Georgia, most lenders on the Internet could help you. There are a few lenders, including E-Loan and MyAutoLender at http://www.refinancingyourvehicle.com/ that can help you with a great loan.

Personal loan for car used in determining if I'm a dependent?

Q) I bought a car by getting a personal loan using someone other then my father as my cosigner. Is the money that I got from the loan to buy my car included in how much I supported myself when trying to figure out if I provided most of my own support for tax purposes if my dad wants to claim me as a dependent?

A) By you stating that you got a personal loan to purchase a car, it can be assumed that you are over 18, since a minor can never enter into a legal contract. In order for your father to claim you as a dependent, since you are over 18, you must be a full time student in school. Also, he needs to provide at least 50% of your support. "Your support" means the total value of everything it costs to keep you fed, keep a roof over your head, clothes on your back, etc. So yes, this would also the monthly payment on your car loan, the gas you use in your car, and the auto insurance you have to pay to drive the car.

Personal loan for Car?

Q) Alright, i only got a certain amount of time before i decide how to get the 2,500 i need for my car. I;m buying a 94 honda prelude coupe and i dont wanna pay full coverage for the car because i would afford it. Is there a way i can save money such as get a personal loan then pay for the car and give the title to the bank as collateral? Please HELP?

A) A personal loan carries a higher interest rate than a conventional auto loan. If your bank will give you a personal loan, they may want the title until the loan is paid back. Sometimes, you can obtain a loan with no questions asked. It depends on the financial institution.

Trade car in with a personal loan lein on it?

Q) Have a car I'd like to trade in (paid older car), but a few years back I got a personal loan and used my car as collateral. Can I trade my car in? Will the dealership pay my lein off and maybe add it to the new car? The loan was $1500 and I don't have the money to pay the loan off in full (it's in default)

A) If the bank is a lien holder listed on the title you must have their signature to trade in the car. If you are getting a new car loan they would probably roll over the balance into their loan and pay off the bank. The bank will demand payment before signing the title. Also you have the option of going to your bank that gave you the first personal loan and qualifying for a car loan there with the balance rolled into it. Beware though, if you get a loan in an amount that is more than the car is worth, the interest rate shoots up.

Personal Loan 15K Want Car?

Q) I want to buy a car I'm 20 and I was able to get my 1st loan with a co signer from a credit union in my area. I went for a second loan for the same amount both were 3,500 dollers and got that one w/out a co signer. The second time though I took out the loan for 3 yrs vs the 1st which was for only 1 yr but had a co signer. I want to go personal becuase the car I want I cannot afford to put full coverage on which I would have to do if I went auto loan instead of personal. I'm not sure what my credit score is but like I said I was able to get my 2nd loan on my own but this is for a much larger amount. I make about 14 dollers an hr at my current job and have been there for almost 2 yrs now. Just kinda looking to see if I'm shooting for the stars or if I have a chance to get a loan this large.

A) You won't be able to get a loan in that amount as a personal loan. You make about 28k/yr and you want to take out a 15k unsecured loan - It won't happen. I make over 100k/yr and I doubt I could walk into my bank and get an unsecured note in that amount. If you want the car, you'll need to get an auto loan and use the car as collaterol and you'll have to carry full coverage.

is credit card debt different from a personal loan or a car loan? Which kind is better for your credit history

A) Actually installment loans are better for your score then credit cards. Being secured, they show long term payment history's and better reflect your ability to manage money and make monthly payments as agreed.