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Zero percent financing was a special deal offered by car dealerships to entice you to purchase a new car. However, this deal was only available to those individuals with the highest credit rating, and the deal is no longer offered by most dealerships.
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∙ 11y ago
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What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
Why do you pay 13 percent interest on a car loan but earn 1.5 percent on a savings account?
Because loan sharks have to earn an honest living.
Can you get car loan with bad pay history from previous loan?
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
Can a car be repossessed if i owe less than 10 percent of the loan?
Yes, you must pay the entire loan off.
You borrowed 9000 to buy a new car you paid 1800 backwhat percent is paid off?
Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?
What are the normal car loan rates in Canada?
The normal car loan rates in Canada are vary from five to about seven percent. They also includes other fees for things such as insurance, maintenance in a period of time.
Can your car be repossessed if you have paid 75 percent of the loan?
Yes, if you don't comply with the terms of the lending agreement.
How do you know how to calculate car loan after you have made the first down payment?
It will depend on the terms you have with the dealer. If all of the down payment is going to principal on your car then you would subtract that amount and that would be the amount left on your loan. If only a percent is applied to the amount then subtract that percent from the amount.
What if you pay 95 percent of your car loan and you stop paying Can it be repo?
Yes! Even if you've payed 99.999999...% your car will still be reposessed.
What is the current automobile loan rate in Texas?
The current automobile loan rate varies between 1.49 percent to 5.24 percent. This is correct as of the end of June 2013, and is based on a 48 month term on a new car.
Is a 29 percent interest rate too much for a car loan?
18% is the highest rate that a car loan should be. I am pretty sure that that is a government regulation. I know that there are loop holes in any system. So yest 29 percent would be too high but in some cases you have to do what you have to do.
How do you take out a simple interest loan on a car at 14289 The interest rate is 3.5 percent for 5 years How many will you pay in interest during the term of the loan?
2,500.58 (A+)
