Posts tagged Car Loan

What is the difference between a car loan and car lease?

Apr 5th

Posted by Banks in Buying & Selling

No comments

My mom wants to return her vehicle and she says it’s out on a loan. My parents never bought a car, and now that my father passed away, she turns to me for what to do. She wants to know if she can just go and turn it in and pick out a new one or will she have to pay more for some damage to the vehicle! Please help. Serious answers only!

By: vetsmom_rgv

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How will paying for a car loan on a repo car affect my credit score?

Aug 19th

Posted by Banks in Credit

4 comments

MissJessica asked:


My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound right to anyone?
How would it really affect my credit if I pay off the loan now?

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How does a preapproved car loan work?

Aug 17th

Posted by Banks in Buying & Selling

3 comments

PrettyBoi asked:


I’m about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?

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