Wednesday, May 26, 2010

Any car loan lenders that dont care about negative equity from your current car?

The financing company doesn't care about your negative equity. Finance companies give dealers guidelines to structure a deal with you. The dealer has to account for the negative equity. Most of the time, the dealer can roll your negative equity into the cost of your new car (as long as it's not too much).



Check out this article about auto financing. It should help.



http://development1.blogspot.com/2007/01...



Any car loan lenders that dont care about negative equity from your current car?

Hey remember the ones that 'don't care' actually just tack that neg eq on to your new loan, with assumption fees. So why WOULD they care? They get more commission off the higher loan, plus extra fees to boot. Beware!



Any car loan lenders that dont care about negative equity from your current car?

most dont care as long as you are good for the new or rollover loan. a car dealer will do most any loan jiggering to sell you a car...just try not to get more upside down then u are now...



Any car loan lenders that dont care about negative equity from your current car?

Refinancing or buying another car? For refi it would make a difference, but if you are buying a new car, particularly from a dealership, they can %26quot;adjust%26quot; the numbers to hide the negative equity. They will add to the %26quot;value%26quot; of your trade in and then up the sales price of the new car by the same amount. It's not affecting the bottom line, just the appearance of negative equity.



Any car loan lenders that dont care about negative equity from your current car?

no there are no car lenders that wont care unless you have good enough credit to keep that loan open and pay it but if you want to trade out of it you will have to get financed more than retail on your next loan or put the differance down in cash

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