You certainly can use your trade-in as a down payment. In fact, it’s highly recommended you do so if you’re looking to save money on a new car loan and have equity in your trade-in.
Continue ReadingYou certainly can use your trade-in as a down payment. In fact, it’s highly recommended you do so if you’re looking to save money on a new car loan and have equity in your trade-in.
Continue ReadingIt’s suggested that you wait until your bankruptcy has been discharged because it's difficult to find a lender who'll finance you during an open Chapter 7.
Continue ReadingIf your car was repo'd and you need another one, how should you go about getting financed after a repossession?
Continue ReadingCan you trade in a vehicle that’s not paid off? It really depends on the new lender and your equity situation.
Continue ReadingWhile it’s not impossible, you should know that qualifying for a lease after a Chapter 7 bankruptcy won’t be easy.
Continue ReadingWithout a credit history, you won’t be able to finance large items such as a home or car down the road. Therefore, it helps when young adults start building credit at a young age, and these tips can help you accomplish that.
Continue ReadingIn a Chapter 7 bankruptcy, your non-exempt property is liquidated. You’ll have the choice to either keep or surrender your vehicle, but this decision comes down to your financial situation and available funds.
Continue ReadingYou may still owe after a repossession, but it depends on how much the vehicle sells for at auction compared to what you owe on it.
Continue ReadingFinding the ideal car loan down payment can be a challenge. How much you’ll need to put down depends on the lender’s requirements as well as your own finances.
Continue ReadingHaving negative equity in a car loan, or being “upside down” or “underwater,” is common. But if you’re looking for a new car and want to trade your old vehicle in, what options do you have and what should you do about it?
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