All Questions
41
questions
0
votes
4
answers
477
views
Is buying a powerful motorcycle on loan is a good idea?
I am thinking of purchasing a Ducati motorcycle. Its price, including taxes, is about $22K.
I don’t own a car so I have no car payments. I had a $50k education loan which I paid off. I have about $...
- 129
16
votes
3
answers
2k
views
Why do new car loans, used car loans, and refinanced loans have different rates and terms?
If I want to refinance a car that is two years old, and getting a new car loan is better APR then a used car loan and even a refinanced loan, why does it matter which way you go? Isn't a loan just a ...
- 1,199
2
votes
2
answers
276
views
Getting a loan/lease to non-investment (like buy a car) work in young ages (Salary is also too low)?
Note : Please forgive me for my bad English and feel free to anyone to correct mistakes.
Background : I am working as a Software Engineer is Sri Lanka. My monthly salary is about $400 and may ...
3
votes
1
answer
147
views
Auto Loan and Balance Transfer
I have an auto loan of $15,000 which I am paying off monthly. It's one of the areas of my personal finance that's just been on auto pilot and haven't really put much thought into, the money comes out ...
- 133
1
vote
1
answer
271
views
car purchase loan versus car collateral loan
We're looking to buy a used car and wonder if there's any difference in rates and/or impact on your credit score to buying the car with cash and using it as collateral for a loan or getting a loan to ...
- 245
46
votes
4
answers
12k
views
Would using an expensive car as collateral for a small loan to get cheap parking work?
There's a rather old joke which is being told in many variations and my question would be whether events narrated could actually happen in real life. I'm not in the US so I don't know all the details ...
- 2,889
40
votes
6
answers
18k
views
Can a car company refuse to give me a copy of my contract or balance details?
I have an auto loan with a car company that after looking at all possible amortizations, doesn't match what my payment should be. I'm talking with 40% interest rates, adjustable interest rates, ...
- 620
5
votes
3
answers
798
views
Is it worth it to take a car loan to improve credit ratings?
I've been considering buying a car recently, but I know that, as I am young, I don't currently have a credit score, as I really haven't needed credit up until now.
So, would it be better to take a ...
- 262
18
votes
2
answers
6k
views
Insuring a girlfriend's motorcycle
My girlfriend has a motorcycle that she bought a few months ago with a loan (she put down $2k and now her payments are ~$82 a month).
A few months later, she realized that she cannot keep the bike ...
- 525
2
votes
1
answer
154
views
Titles, Financing and Insurance. How do they work?
I am about to buy a motorcycle so I filled out a financing application with my dad as the co-signer (I'am 19 and have no credit history). However, the dealership informed me the only way they could ...
- 21
8
votes
5
answers
4k
views
Paying off a loan with a loan to get a better interest rate
I've never had credit or a loan till recently when I bought a new car. This has recently given me a much better credit rating after having the loan for a year with 5 years to go and 2 credit cards ...
- 1,199
2
votes
2
answers
8k
views
How are RSU's factored into Income during loan qualification?
I'm new to the tech industry and was wondering how RSU's factor into loan qualification.
RSU's particularly at more established companies are essentially cash. They may change with the stock price ...
- 461
2
votes
2
answers
88
views
How flexible is the loan industry?
I'm wondering how flexible loan officers (or departments) are to providing better rates for more information. For example, is something like a 1% reduction in rate for an auto loan be a reasonable ...
- 135
15
votes
1
answer
4k
views
What does it mean if a lender asks for a "title" from your purchase?
My boss at my company has agreed to lend me money to buy a car to use for work, where I would pay him monthly for a couple of months until it is paid off.
Upon giving me the money, he asked me to ...
- 153
0
votes
1
answer
3k
views
How do I get my name out of a bank car loan?
I financed a car and have the title in my name only. My Significant other and I were making the payments together. I had been letting him drive the car while we were together, but after we broke up he ...
