question on my loan...

Adam_T · Post by **Adam_T** » Thu Apr 26, 2007 9:29 pm

curious..i have a 05 sxt and owe 10 grand on it..is there any way to bounce it up to owing 15 grand on it (increasing my monthly payments) but them giving me a 5 thousand dollar check??

(for a srt4 swap or getting a hahn full kit and engine rebuild?)

just curious.

Mr Josh Zombie · Post by **Mr Josh Zombie** » Thu Apr 26, 2007 9:32 pm

ask your bank?

Post by **jonnymopar** » Thu Apr 26, 2007 9:36 pm

I would be very surprised if they'd let you. It's different when you first buy the car. For example, when I first bought my car (it was used), they said that if I wanted the dealer to install a sunroof, they could roll that price into the loan. I would be shocked if they would let me put that as part of my car loan right now. I've seen people extend personal loans like that, but never car loans.

Adam_T · Post by **Adam_T** » Thu Apr 26, 2007 9:41 pm

i wonder if dodge could install a sunroof in my car..that would be fucking amazing. ive always wanted one.

kc2005ptgt · Post by **kc2005ptgt** » Fri Apr 27, 2007 1:29 am

I refinanced my car for 6 months longer and got payments lowered by $40 /month and I got such a low APR that I end up paying $1000 less in the total cost of the car

Why did I tell you that? You cant take out a loan unless you finance somthing - you could always ask your bank about getting a personal loan, but then again you need something as collateral (sp?). So I doubt you could do it y0.

Post by **jonnymopar** » Fri Apr 27, 2007 9:16 am

Adam_T wrote:i wonder if dodge could install a sunroof in my car..that would be fucking amazing. ive always wanted one.

Well, it's not really Dodge, per se, that installs them. They hire people to come in and do it. I've only seen a couple that were installed from the dealership and they were super clean, problem-free installations.

On the other hand, the entire roof panel is different on the sunroof models, so I'm guessing there might have been some extra strength added up there. I've never seen an aftermarket sunroof on a Neon.

Back to the subject, I'm not sure what personal loan interest rates are, but I'm gonna say they're probably higher than a car loan considering they've got your car as colateral. I also know that not all personal loans require colateral, but that probably drives up interest as well.

weber · Post by **weber** » Fri Apr 27, 2007 9:48 am

yea, you wont' be able to borrow more against your car.

You need a personal loan. Like stated above your going to have to have something to use as collateral, and not your car.

Why would you wanna get a loan that drastic for parts? Man, what if you blow it up. Then what?

I always pay cash for my parts. If i dont have the money, then no parts. I'd hate to be paying on something that blown to peices.

Post by **racer12306** » Fri Apr 27, 2007 9:56 am

weber wrote:I always pay cash for my parts. If i dont have the money, then no parts. I'd hate to be paying on something that blown to peices.

that gets racers into trouble a lot. buy parts on credit and not have the money to pay it off. and hope that you win some money to pay it off. but you end up blowing something up and then you need to buy all that stuff again so that you can try and win some money to pay back the parts that are now sitting in the scrap pile.

cash FTW

60trim · Post by **60trim** » Fri Apr 27, 2007 10:07 am

racer12306 wrote:
weber wrote:I always pay cash for my parts. If i dont have the money, then no parts. I'd hate to be paying on something that blown to peices.

that gets racers into trouble a lot. buy parts on credit and not have the money to pay it off. and hope that you win some money to pay it off. but you end up blowing something up and then you need to buy all that stuff again so that you can try and win some money to pay back the parts that are now sitting in the scrap pile.

cash FTW

Werd, I'm on my second motor in this car which is once again sitting on Jack stands awaiting a new head and I'm still paying for the bish.

Just save. You'll feel better because you can say that everything is paid for if it breaks.

KrackstaR · Post by **KrackstaR** » Fri Apr 27, 2007 10:39 am

Adam_T wrote:curious..i have a 05 sxt and owe 10 grand on it..is there any way to bounce it up to owing 15 grand on it (increasing my monthly payments) but them giving me a 5 thousand dollar check??

(for a srt4 swap or getting a hahn full kit and engine rebuild?)

just curious.

thats wont work because your car will decrease value fast. they wouldnt give you a loan for the fear of you not paying on it and they having to come and get the car that they wouldnt be able to sell it for nothing. Your best bet is to get a credit card or take out a personal loan(if your credit is good) you can try a credit union or wells fargo they do personal loans.

2GN.ORG

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