Getting an auto loan pre approved before paying off my existing auto loan? - pre approved auto loans
At the moment I have to pay a car loan for about 20 thousand dollars. I want to put in another car, but before I sell my car, I want to be pre-approved for another loan (to be sure I can get approval, and another car once said) HSBC that I have to take the risk to pay the loan and by a new loan and hopefully. This seems ridiculous to me! because it denied to all parties on the fact that I already have a loan to an amount so high, based ... What can I ensure that I can get another loan immediately? Suggestions? Carmax.com I heard, but do not have much money for cars?
Monday, January 18, 2010
Pre Approved Auto Loans Getting An Auto Loan Pre Approved Before Paying Off My Existing Auto Loan?
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3 comments:
The truth is that you can apply for a loan after loan, and he continues to get rejected. Not necessarily because of your credit, but because you already have a car loan are open for $ 20K. There is no way to know until it's gone. If the vehicle will be tradeing that banks and to understand. If the trade is not the car, which they see that you can end with two loans.
Check your credit card the) (in each case, each month must, if your credit is good, a loan is not as hard as long as your income and debt is not extinguished. Do your research and stop shotgunning donor because it lowers your score!
Avoid Carmax. POS cars are also sold. Auto loans are made to do a background check on. If you have sufficient resources and a good credit, you should be able to qualify for a loan. Do you want the loan, then collect the financing of a vehicle to another, or what to do. You're not really clear on this point.
The problem is that until you pay the outstanding loan, the bank or financial institution that provides their income. Although the Bank could be judged that you pay for two loans at once? The answer is to not to what you wrote in your question. Do you owe more than the car is worth? If trade or sell your car has the money to pay the difference? If you have good credit ratings and favorable your income to debt ratio, you should have no trouble getting a loan. You can get to a dealer trade in his car and drive and pay the difference to a new loan. It would be more than the cost of the car since I have the balance to them. Get your credit report and get your credit score. That gives you a good impression of the strength of your credit card.
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