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Can you buy a new car and add on the remaining balance for another car loan?
Wiki User
∙ 16y ago
It is the discretion of the lending institution. When the dealer is processing the transaction they will show all the numbers in the document but it is up to the lending institution to accept. Most dealers are very "savy" and what they will do is inflate the price of the purchased vehicle in order to inflate the value of the trade in. They knowthe maximums the lending institutions will go and they play with the numbers.The lending isntitution will decide based on your credit worthines and the loan ratios.
Wiki User
∙ 16y ago
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Do you add a loan to cash on balance sheet?
Cash is added as asset and amount of loan is recored as a liability.
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
The new product ID code can be used to update a current subscription. It will add on another year to the time remaining.?
The new product ID code can be used to update a current subscription. It will add on another year to the time remaining.
Can you put delicate balance of nature in a sentence please?
The delicate balance of nature in one area can be changed when you add something from another area.
How does one add the closing cost to their home loan?
This could be done by taking out another loan on top of the loan which is already in place, although it would heavily increase the amount you owe and put you in horrific debt.
How do you add your child as joint tenant to your home loan?
How do you add your child as joint tenant to your home loan
What is the relationship of an APR for an add-on rate for a one-payment loan compared to an add-on for a monthly installment loan?
What is the apr for 17% add on for two years
How do you add a name to a loan?
The original loan would need to be refinanced.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
Can you add a co-borrower to an existing home loan?
No, you have to refinance the mortgage. The person you want to add to the loan needs to apply with you on the new one.
Can unpaid late fees be reported on credit report even after loan is paid off?
They are allowed to add late fees to balance-meaning if they are unpaid it's not paid off. And even when everything is paid off, the credit report will reflect that a loan and late fee charges were reported, paid, and then updated to show a zero balance. This information will stay on your credit report for seven years.
How do you trade in your car when you are still paying the loan for the car?
The balance you owe on the car that is getting traded in will be added to your new car loan. Example You owe 10,000 for the car you want to trade in They give you 6,000 for trade in your new car costs 20,000 you will either have to pay that 4,000 or they will add it onto your new car loan from your car you traded in.
