0
How do you buy a car when you are 17 have no cosigners but a good down payment and want monthly payments?
Wiki User
∙ 16y ago
Practically speaking, it's not easy because you're not of legal age to agree to a contract until you're 18, therefore any company that worked with you would have limited recourse if you defaulted on the payments. You might be able to buy a car in full (no financing) but would have challenges obtaining insurance.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
How helpful is a mortgage calculator for estimating a down payment?
The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.
How much down and what are your monthly payments ?
How much down and what are your monthly payments
What does the down payment on a used car pay for?
It is applied directly against the purchase price of the used car. The more you down payment, the less owed and the lower your monthly payments will be.
How can one calculate car payments?
The first thing you do is to figure out the amount of money that comes into the household monthly. Next how much is spent out on various bills, etc. then figure how much is left for a car payment. Next figure out the down payment. The higher the down payment the lower the monthly payment. Begin checking out cars in your pay range. If you go with a dealer check on rebates. Take the full price of the vehicle deduct any rebates and the down payment then divide by how many months to pay and this will tell you how much your monthly payments will be.
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
How Much Down Payment Is Required In Equipment Leasing Agreement?
It depends if you are a start-up or not. In some instances a down payment can be a requirement for leasing equipment. Usually the minimum down payment would be equal to two monthly lease payments.
How much is the typical monthly maintenance payments for a Toyota Prius?
In California with $10,000 down payment and 2.9 APR. Payment is $272 Per month (Including Tax)
Is it better to put a large down payment on a house of pay more each month?
That is debatable, but in the long run, you would probably be glad you made a bigger down payment, and have smaller monthly payments.
You purchase a car making a down payment of 3000 and 6 monthly payments of 225 How much have you paid so far for the car?
$4350
How does the down payment affect a mortgage?
A down payment will reduce the principal borrowed which lowers your monthly payments. A large down payment may also help lower your interest rate and may help you avoid paying PMI. If, for example you were buying a $200,000, at 5% for 30 years, the payment would be $1073.64 per month. If you put 10% down, or $20,000, your monthly payment would be $966.28 and you would save about $20,000 in interest.
What is the ratio of 400 down payment to the amount of 1200?
400 down payments : 1200 = 1 down payment : 3 payments or 1/3 dp : 1 payment
