# personal loan questions...
**URL:** https://forums.speedlife.net/t/personal-loan-questions/249020
**Category:** Shift518 Off Topic
**Created:** [December 12, 2009, 3:40pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020 "2009-12-12T15:40:22Z")
**Posts on this page:** 12
**Page:** 3
### Author:  [@zee\_oh\_sex](https://forums.speedlife.net/u/zee_oh_sex)
#### Post date: [December 13, 2009, 2:16pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/41 "2009-12-13T14:16:12Z")
> [@wtb:tap](https://forums.speedlife.net/t/wtb-tap/27132/2):
>
> Unnecessarily complex transaction. Get a new loan using the car to secure the note.
I dont think there would be much difference because sefcu isnt just gonna go on the people changing over the loan’s word and change the name in the loan without checking person B’s credit anyways. So really its kind of the same thing. For him to get an auto loan on the car tho might be tough because i know sefcu only gives an auto loan on stuff 98 or newer or something along those lines, so he could use the car as collateral for the personal loan, right?
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### Author:  [@JClark](https://forums.speedlife.net/u/JClark)
#### Post date: [December 13, 2009, 7:05pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/42 "2009-12-13T19:05:55Z")
> [@Looking at HDV Cameras. Need advice.](https://forums.speedlife.net/t/looking-at-hdv-cameras-need-advice/27158/12):
>
> I dont think there would be much difference because sefcu isnt just gonna go on the people changing over the loan’s word and change the name in the loan without checking person B’s credit anyways. So really its kind of the same thing. For him to get an auto loan on the car tho might be tough because i know sefcu only gives an auto loan on stuff 98 or newer or something along those lines, so he could use the car as collateral for the personal loan, right?
Using a car for collateral for a personal loan = a car loan.
Assigning a loan is just as much word as getting a new loan, except you arent bound by the terms that the last guy signed for. You also can get a car loan (secured) with lower interest. Most institutions finance any car regardless of age. All the care about is the loan-to-value. I dont see the point in dealing with this guy’s loan or bank, there’s no advantage.
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### Author:  [@zee\_oh\_sex](https://forums.speedlife.net/u/zee_oh_sex)
#### Post date: [December 13, 2009, 7:08pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/43 "2009-12-13T19:08:55Z")
gotcha, fair enough, makes sense.
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### Author:  [@6SPD\_S4](https://forums.speedlife.net/u/6SPD_S4)
#### Post date: [December 13, 2009, 7:13pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/44 "2009-12-13T19:13:44Z")
Auto loan through SEFCU is kind of screwy. 99-02 is X.xx% apr and 02-newer is another rate. Brand new is of course and even better rate.
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### Author:  [@Wayne64SS](https://forums.speedlife.net/u/Wayne64SS)
#### Post date: [December 13, 2009, 7:15pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/45 "2009-12-13T19:15:17Z")
I’ve always gone through SEFCU, there may be better out there, but they’ve worked for me to date. Just be smart about whatever loan you get and you’ll be fine! :thumbup
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### Author:  [@JClark](https://forums.speedlife.net/u/JClark)
#### Post date: [December 13, 2009, 7:15pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/46 "2009-12-13T19:15:57Z")
Shop around, especially if SEFCU changes the rate for how old the car is.
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### Author:  [@6SPD\_S4](https://forums.speedlife.net/u/6SPD_S4)
#### Post date: [December 13, 2009, 7:16pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/47 "2009-12-13T19:16:18Z")
Word i have had a few loans through SEFCU. All paid off. Never had a problem. Come spring time i want to find a really good rate for my next purchase. Maybe not SEFCU
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### Author:  [@SSmokinn\_SS](https://forums.speedlife.net/u/SSmokinn_SS)
#### Post date: [December 13, 2009, 7:16pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/48 "2009-12-13T19:16:22Z")
car is a 94…
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### Author:  [@Eatonualive](https://forums.speedlife.net/u/Eatonualive)
#### Post date: [December 13, 2009, 7:16pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/49 "2009-12-13T19:16:35Z")
+1
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### Author:  [@Eatonualive](https://forums.speedlife.net/u/Eatonualive)
#### Post date: [December 13, 2009, 7:16pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/50 "2009-12-13T19:16:55Z")
what the hell r u buying?
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### Author:  [@freakLS7](https://forums.speedlife.net/u/freakLS7)
#### Post date: [December 13, 2009, 7:17pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/51 "2009-12-13T19:17:10Z")
a miata
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### Author:  [@Eatonualive](https://forums.speedlife.net/u/Eatonualive)
#### Post date: [December 13, 2009, 7:19pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/52 "2009-12-13T19:19:55Z")
oh godddd
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