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In most cases people shopping for used cars do not have the cash to buy a vehicle outright. They usually are in need of a loan for Used Auto Financing. It is important to remember that you not only need to comparison shop on the price of the car but you should do the same when shopping around for used car financing. It could save you a substantial amount of money in the long run. Before accepting an offer for financing a used car, educate yourself on the particulars of vehicle financing. Using online car loan websites to do research is an easy and effective method. Get more detail at

2008-08-01 14:14:47
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Related Questions

What happens if you haven't paid the remaining balance after the repossession?

"remaining balance" as in what you are behind OR the remaining balance due on the loan??

When a primary insurance pays more than the secondary allowable is the remaining balance the patient's responsibility?

Yes it is patient responsibility

How can you show that more interest is paid at the beginning of a loan period than at the end?

Interest is computed on the remaining balance monthly..If you have a credit card balance and pay exactly every 30 days, you will see that the interest charged is reduced by a small amount every month.

If you have a copay with your primary insurance but also have secondary insurance do you have to pay the copay before treatment?

Depends on the doctors office billing procedures. For more details visit yes, your secondary insurance should cover this amount if you have reached your deductible with them. Normally, if the primary insurance applies a deductible or co-insurance/co-pay and you have not met your deductible on your secondary policy, depending on your policy they may apply the remaining balance to your deductible. Normally after the deductible is met on the secondary ins. they pay 100% of your remaining balance.

Is it legal for the insurance company to hold the remaining balance of your claim to apply to your loan as principal payment?

In any case you get your money don't you? If the insurance company paid the principal of your loan than that means you don't have to so the money you would have paid is now yours...just as if the insurance company had cut you a check. Remember, until the loan is paid off the lender's claim to the property is superior than yours. If you are not going to use the money to repair the damage, the lender will want the loan principal reduced by a proportial amount. The most usual arrangement is that the bank will hold the insurance payment in an account for you and use it to pay the contractor after the repairs have been completed.

What are two things that are included in your monthly mortgage payment?

Interest and a portion of the principal balance. Often banks will escrow your insurance and tax payments as well.

What are the benefits of having life mortgage insurance?

The primary benefit of having mortgage life insurance is to eliminate the risk of passing one's debt onto their heirs. The point of having mortgage life insurance is that if one dies with an unpaid balance on one's mortgage then the insurance covers the remaining balance and whoever inherits the estate will owe nothing on the house.

Prepaid insurance is reported on the balance sheet as a?

Prepaid insurance is reported on the balance sheet as a

Can an insurance company make you pay the remaining balance on a policy if you cancel without notice and find other coverage?

In some states this allowed but not all. It's best to check with your states department of insurance about local regulations.

What does it mean to surrender a life insurance policy?

It means you want to cancel the policy. If there is cash value in the policy, surrender charges will be deducted from the cash value and you will get the remaining balance.

How is the remaining balance collected?

Who loaned the money?

How do Medicare and Kaiser insurances work together if you have both?

Kaiser insurance will be primary and pay the first portion of the bill, then any remaining outstanding balance will be sent through Medicare. Medicare will then apply it's portion of coverage (typically this should pay the entire bill) if there is still a remaining balance, this will be sent to the patient for collecting.

Does paying insurance expense affect balance sheet?

Payment of insurance expense affects the balance sheet as it reduces the cash or bank balance which is part of balance sheet as well.

If a child signs for the remaining balance on the fathers funeral bill are they held accountable?

if a child signs for the remaining balance on the fathers funerla bill are they held accountable.

What happens if you can't pay any remaining balance on a repossessed car and do not have a job?

The car will be sold at auction. Whatever it sells for at auction will be deducted from the balance remaining. The credit company may initially offer to accept a reduced amount on the balance, but, if you're unable to pay that, they will turn it over to collections for the full amount of the balance remaining.

What web site do I go to for a car that was in bankruptcy and there is a remaining balance?

Thougth this website You can get all the information about the bankrupty of the car and also remaining balance.

What is the opposite of principal?

If Principal refers to the position at a school, the opposite would be Student. If it is in refference to a corporate position, the opposite would be a low ranking employee or a customer. If it is in refference to a Principal Sum or Balance, the opposite would be the closing sum or balance. It highly depends on the context of the word Principal

When a secondary health insurance plan does not cover the remaining balance is it the patient responsible?

Gererally speaking, the answer is Yes, after checking to make sure that the claim was billed using the correct diagnosis and codes.

The action of adding accrued interest to the principal balance is called?

capitalization. Capitalization is when all unpaid interest is added to the principal balance of your loan. Capitalization increases your total amount to be repaid because you will then have to pay interest on the increased principal amount.

What are the details of Florida GAP insurance?

Since your insurance might not cover the balance you still have on your financed car, GAP insurance protects the balance of your loan in the event of an accident.

What is a maturity mortgage?

Date on which the principal balance of a loan is due.

What does write off a lease mean?

Forget about the balance remaining.

Can you buy back your totaled financed car lets say my car is financed and I get into an accident that totals my car. I know the insurance will pay out the bank but can i still buy it back after?

Yes, you can usually but it back because it is then between you and the insurance company. But keep in mind your insurance company normally pays the ACV (Actual Cash Value) which may not be what you actually owe on the vehicle unless you carry Gap insurance. Gap Insurance is an additional coverage that covers the balance of the loan between the ACV and remaining Balance.

Principal accounts on a bank's balance sheet?

Loan account is the most important account in the bank's Balance sheet.

What is the outstanding balance on a loan called?

The amount of the loan is called the principal.