topic Re: Auto Loan Approvals! in Auto Loans

What would you do?

anthill927 — Sun, 02 Dec 2012 23:36:03 GMT

Hi I have a question, first off congrats, lol but my question is did you trade the sonata in or was it attached to the loan? I have the same thing, I bought a jeep but its very basic and the 2013 version just came out and I really want that version. my credit wasnt good when I got the jeep but Now I know its going to be in the 680s 690s maybe 700s. I didnt know if I want to refinance or get the jeep I wanted, So what did you do? what would you recomend?

Re: Auto Loan Approvals!

mahiven — Sun, 02 Dec 2012 21:04:54 GMT

We traded in our Sonata. You're in a good place since you bought a Jeep. They retain their value really well.

We owed $2500 more on our Sonata than they gave us for it so instead of rolling it over I paid it off.

First I would call whoever financed your Jeep and get a payoff quote then take it to the dealership to see what they'll give you for it.

Re: Auto Loan Approvals!

anthill927 — Sun, 02 Dec 2012 22:42:26 GMT

Okay, after I do that should I just apply for another loan for the amount of the new jeep? And just have them attach the equity to my loan? I was seriously going to do this in february. Thanks alot in advance for responding!

Re: What would you do?

llecs — Sun, 02 Dec 2012 23:36:45 GMT

OP, I split your post to form a new one here to keep the Approval thread limited to approval data. I had to edit the title, but changed nothing else. If you'd like to change the title, click "Options" and then "Edit Message".