Question by Curt F: Can I request an auto loan amount that is higher than what I paid for the car? Hi everyone- I just bought my first car from a carmax lot for $ 13,900. I initially settled with their high rate financing because another person was interested in the car and I didn't have the time to pursue other options. Luckily, the credit union on our corporate campus offers low interest (5.5%) auto loans to employees of our company. So now I am working on refinancing the loan through them. My question is - when I fill out the paperwork at the credit union, can I request a loan amount that is $ 1,000 over the $ 13,900 total cost I paid for the vehicle? Their form says they will finance up to 115% of the kelly blue book value, and $ 13,900 is far below that. If they approve the loan, does the credit union just give me a check that I can deposit so I can write my own personal check to carmax? I'm working hard to find cash for a down payment on a house i'm in love with, and this extra cash would really help. I highly appreciate all of your answers and advice. Thanks! Best answer for Can I request an auto loan amount that is higher than what I paid for the car?:
Answer by SPIFIMAN1
Auto finance is what I do for a living and I have done this several times. Explain to your credit union what you want to do and as long as the loan amount is within there guidelines what they will do is write two checks, one to Carmax for your payoff and one to you.
Answer by Interactive p
There are many auto loan options available today. Today, stiff competition among auto loan financing companiesfinance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Video from our FREE Online Business Course www.myownbusiness.org Session 2 - The Business Plan Question "If you had to do it over again, what things would you do differently?" Maureen Costello Wholesale Distributor Topics covered in this video: Business planning, employees, job descriptions, hiring, managing, training, mistakes Transcript: Well, if I had it to do over again I would completely understand what the nature is of every function of everybody who works in the business. Not that I need to be able to do every function but I need to understand what they need to know to be able to do the function and then make sure that there are always at least two people who can also do that function. That way there is back up. If we lose someone or someone's sick or on vacation or for some reason they retire or leave the company, at least I know I've got enough back up and everything will get done without me getting dragged into it. We can then look to bringing in the next person to be the back up. So I would say focusing more on cross training.
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Last July, the Federal Reserve fined Wells Fargo $ 85 million to settle allegations that employees of Wells Fargo Financial, a subsidiary, steered customers who were eligible for prime interest rate loans into higher, subprime home mortgages. It was the ... Wells Fargo to pay 5M in subprime mortgage settlement
Corporate employee relocation services can be used for a few different types of employees actually being moved. A company can hire someone new into their company, meaning this person needs to be located to the place of business. Companies might be moving headquarters; so moving their employees and top executives to this new place will also need to be orchestrated through a corporate employee relocation service. Whatever the needs of the business at hand, hiring a professional and responsible relocation company to move their employees and schedule all of the moving processes will make the relocating process very easy and organized.
You want to hire a company that knows the entire process of relocating employees to new places of business. Whether it is one employee or one hundred employees, having a knowledgeable company taking care of everything is something a corporation needs.
Other things to ensure that your relocation service has are designated coordinators and managers of the actual move. Relocating a corporate office full of employees can be complicated, so if it is professionally scheduled and organized, the entire process will go smoothly, efficiently, and without surprises. Choosing a relocation company with dispatchers and navigators all across the globe will ensure that you can find assistance at no matter what stage of the move one of your employees is in, and this will make sure everything remains on schedule. Sometimes things do not always work out perfectly, so having a fully staffed and knowledgeable team behind your company's relocation will set everyone at ease.
A professional corporate employee relocation service will have many technological benefactors behind them as well. Many GPS tracking devices are used so you will always be aware of what stage of the move you are in. If you need to know where something is, or where a specific employee currently is, this can easily be answered by one of the people assisting you in your move. A corporation does not have the time to orchestrate their own employee relocation services, so hiring a professional service will save time and money with every move.
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