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refinancing cars FAQ


The interest on a used car loan is significantly higher than a new car. Sounds like your at the top of a long slippery financial slope. If your in a situation that makes you consider a loan to pay off a loan (car and credit cards) you are not in a situation


Refinancing a car is a terrible idea. Cars do not hold their value.


Refinancing is very difficult with used cars because so often the owner is upside down in their loan.

No bank is going to loan you more than the car is worth. You must have equity in the vehicle in order to refinance it.

Refinancing


Refinancing is very difficult with used cars because so often the owner is upside down in their loan.

No bank is going to loan you more than the car is worth. You must have equity in the vehicle in order to refinance it.

Refinancing


Refinancing involves buying your existing loan with another loan that has more favorable terms. Will increase the principal amount you owe but the interest ought to be lower and maybe the loan term will be longer.

Yo dawg, I heard you like


when you go to the bank for the refinance they will get a current payoff and cut a check for it...and no...thee should be no fees to refinance

refinancing cars news

Lookers set for acquisition spree

17.08.11

Car dealership Lookers is lining up a war chest as it gears up for an acquisition spree after a review of the business concluded that a key way forward was to expand.

The Manchester-based group, is aiming to bolster its successful parts division, add bolt-on dealerships and expand in the prestige vehicles market.

The group is in the throes of a refinancing programme. It has significant headroom in its present £115m bank facilities, which amounted to £89.3m at the end of June and are due for renewal next April.

Chief executive Peter Jones also said the group was negotiating with lenders over an additional £30m pot for acquisitions. The selective sale and leaseback of some properties should also free up more funds.


Source: Manchester Evening News

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