Easy Auto Loans – buyer applications

January 21, 2012

Q&A: Why does the Finance Manager at auto dealership lie by saying buyer must wait 3 months before paying off loan?

Filed under: Auto Buyer — Tags: , , , , , , , , , , , — @ 6:55 pm


Question by rage: Why does the Finance Manager at auto dealership lie by saying buyer must wait 3 months before paying off loan?
The dealership offers $ 1000 incentive to finance the purchase of a new car thru the manufactures finance company. There is no early pay off penalty. Does the dealership finance manager get a “kick-back” from the finance company by telling the the buyer he must wait a few months before paying off the loan?

Best answer:

Answer by cmccarty232000
The longer you keep the loan the more money they make off of you. He may get a cut.. If not mayhap he is just an idoit.



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January 9, 2012

How long do I need to be employed before getting a auto loan?

Filed under: Auto Loan — Tags: , , , , , , — @ 12:55 am


Question by : How long do I need to be employed before getting an auto loan?
I just recently got hired. I have a letter and everything showing my start date but will not be getting my first paycheck for a month. How long do I need to wait before getting an auto loan? Will they lend money based off of an offer of employment?I will be buying my parents truck and only need a loan for $ 10,000. I will be making well more then enough to cover my expenses and have fair credit.

Best answer:

Answer by Aaron
3 months minimum and still they dont look to happily on that but yeh 3 months you’ll normally have to wait, or if you know your keen on the job and gonna stay talk to your parents about going garantuar on teh loan.



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September 12, 2011

How long should you be employed before qualifying to refinance an auto loan?

Filed under: Auto Loan — Tags: , , , , , , , — @ 12:55 am


Question by NA: How long should you be employed before qualifying to refinance an auto loan?
I would like to lower my monthly payments by refinancing my auto loan. I have a good credit score to refinance (700s). I was recently unemployed (from October to February). However, I am about to start a new job this March 1.How long should I be employed to qualify for an auto lending refinancing? (if there is such a requirement)Thanks, I appreciate it.

Best answer:

Answer by Eddy T
Since you have a new job, it is not advisable to refinance your auto loan.



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