|
What happens to an existing car
loan if I were to buy another car?
Get
Approved for Your Buy Here Pay Here loan before You Walk into
the Car Dealership / Apply
Here
Home > Bad
Credit Car Loan Help
Let's say for example you purchased a 2007 Dodge Grand Caravan
SE and got conventional bank financing from a local used car dealership
and had a loan balance of $5000.00 but you were thinking about
purchasing a another car. The financing company will add the difference
of the cars trade-in value and the amount owned to the new car
loan. This process will often make the consumer upside down on
the new loan but this isn't all uncommon in this circumstance.
Below were going to break down the math for you to help you better
understand the buying process in this scenaro.
The amount owed is $5000
The trade-in value is $3000
The difference of $2000 will be added to the new car loan.
The new car loan is $22,000 plus $2000. The new loan dollar amount
would be $24,000.
Bad Credit Articles:
Damaged
Credit Doesn't Mean You Don't Deserve a Second Chance
What
questions should I ask a car dealer when buying a car?
10
Easy Ways to Get Auto Financing for Your Next Used Car
No
Down Payment Car Loans
Prohibited
Debt Collection Practices In The United States
I
have 500 down, is that down payment enough if I walk into a BHPH dealership?
10
Common Car Dealer Scams
Is
$500 Down Payment for my Next Car Enough?
I'm
currently unemployed, have bad credit and need a car. What do I do?
Do
you live in CT and have bad credit and need a car loan? We can help you get
the financing you need
How
to Get a Car for $500 Down or Less
If
My Car Breaks Down - What Do I Do?
I
live in Memphis TN and have a 500 dollars down payment, will that be enough
for a car I want to buy?
1000
Down payment - What Type of Vehicle Can I Expect?
I'm
in the Military and need a car - what do I have need to do to get a car loan?
Do
you live in Wyoming and have terrible credit and need a car fast? Read this
article to get the financing you need for your next new or used car.
500
Down payment - What Type of Vehicle Can I Expect?
Is
1000 Down Enough to Buy My Next Car
I'm
a single mom and I need to get a car loan. How do I get one fast and easily?
I'm
a single parent, how do I buy a reliable car with no money down?
How
to Get a Car For Less Than $1000 Down
Steps
to take to Avoid Repossession
Do
you have bad credit and need a car loan in Arizona with no money down? Please
read this article
Get
a easy no credit check car loan. We offer free advice
Live
in Georgia and have bad credit? and need a car loan .....
Are
Credit Reports Really "Free"? Or Is That A Scam?
Have
you been through a foreclosure or have bad credit and are currently living in
Nevada and need a car loan? Please read this to help you get the credit you
need
Are
you currently living in California, have terrible credit and need a car loan?
We can help!
10
Ways to Improve your Credit Score after Bankruptcy
How
do I dispute my credit report?
10
Ways on how to get car insurance with bad credit
I
have a low down payment; can my LDP be enough to get me my next car loan?
Get
a car loan without a cosigner. Fast and Easy
Do
you need advice negotiating for low down payments for your next car? We offer
you free help, please read this article
Do
you live in San Antonio and have a bad credit history and need a car loan? Please
read this
Rhode
Island Bad Credit Automobile Car Loan
If
you live in Florida and have bad credit and need a loan for your next car purchase,
we ask you to read this article for your benefit
Do
you live in Massachusetts and have bad credit? and need help getting your next
car loan with no money down. Please read this
How
To Raise and Improve Your Credit Score
9
Tips On How To Repair or Reestablish Your Bad Credit
What
happens to an existing car loan if I were to buy another car
Apply
For Your Bad Credit Car Loan
Search
BHPH Car Lots By State
|
