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refinancing cars FAQ
What are the pros and cons of refinancing a car?
Sep 08, 2007 by KC | Posted in Personal Finance
I have good credit (well over 700). The resale value of my 2004 Honda Civic is well above what I owe. I'm interested in refinancing to pull some money out to pay off a credit card bill. If I do refinance, how will this look on my credit? My husband
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
Mike M. | Sep 08, 2007
Refinancing a car is a terrible idea. Cars do not hold their value.
Suzy | Sep 08, 2007
How do you go about refinancing a car?
Nov 12, 2009 by lauretta988 | Posted in Buying & Selling
I've had my car for 2-1/2 years, and would like to lower my payments. How do you go about it? The company that currently finances my car doesn't do 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
mccoyblues | Nov 12, 2009
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
mccoyblues | Nov 12, 2009
How does refinancing a car work?
Nov 12, 2010 by iDream | Posted in Buying & Selling
My car payments are $338 and it's starting to get annoying. We can afford it but it'd be awesome to get the monthly payment reduced! We've heard that refinancing gets your lower interest rate therefore lower monthly payment with another added down payment.
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
| Nov 12, 2010
I need information about refinancing my car?
Mar 20, 2007 by Tenn_Tazz26 | Posted in Buying & Selling
I am considering refinancing my car loan with a different lender. I know what my payoff amount is for the vehicle, and it adds about a $1.50 per day from today to the payoff amount. Will I have to pay taxes again for refinancing? Also should I automatically
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
malemute1 | Mar 20, 2007
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
refinancing cars about
Lookers set for acquisition spree
Manchester Evening News - Aug 17, 2011
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
Lookers aims to accelerate with buying spree
Yorkshire Post - Aug 19, 2011
Chairman Phil White said the group would build the capacity to make purchases into a current refinancing, while selective sale and leasebacks of some properties would also free up more funds. Lookers lent heavily on its parts business in the first six
Starwatch Consumer | Mortgage rates dip again
Kansas City Star - Aug 18, 2011
The average rate on a 15-year fixed mortgage, which is popular for refinancing, fell to 3.36 percent, also a record low. General Motors Co. said it will make a plug-in hybrid Cadillac ELR that uses technology similar to the Chevrolet Volt that went on
Chrysler reports 2Q loss due to bailout repayment
BusinessWeek - Jul 28, 2011
refinancing bailout loans from the US and Canadian governments. Without the expenses, Chrysler says it would have earned $181 million. The company says its turnaround plan is on track. Its lineup of cars and trucks is catching on with Americans.