Consolidating 2 car loans dating column abbreviations

This is not a complicated process, and you can use the money to pay off your current loan.If you still owe money on the car loan, you will need to contact your bank and work out a way to transfer the loan into an individual loan or come up with the money to pay the difference.We offer flexible financing solutions for new or used cars, trucks, RVs and motorcycles.

consolidating 2 car loans-84consolidating 2 car loans-13

If you still owe money on your car, you may be considering trading in your current car for a newer one.

If you need a bigger car, or your car has become unreliable, you may be wondering how to deal with your existing car loan and your current car.

After all, the terms of a vehicle loan will affect your finances for years to come.

Let PSECU help you find a vehicle loan that works for you.

The biggest danger of rolling your old loan into your new one is that you will owe more than your car is worth, which can make selling your car even more difficult in the future.

If you buy a new car, you are automatically upside down on the loan since the car depreciates as soon as you drive it off of the lot.

Ideally you should be able to pay off your car in three years on that current payment.

Additionally you may be better off if you find your own financing for the car, rather than use the dealer financing.

Make sure you negotiate the price with the car dealer before you buy the car.

Tags: , ,