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Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.

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โˆ™ 2005-12-08 03:59:05
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Q: If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
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What is the meaning of finance charges IPP?

Finance charges-ipp


Authority of finance manager?

A finance manager is responsible for everyone in the finance department. They are also responsible for creating budgets for the organization.


What were the finance charges in month 2?

1.73, apex :)


How is finance charge calculated?

Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.


Can a company that is not a finance company charge interest and finance charges to someone it has lent money?

Yes.


Who is responsible for budgetary control?

It's the Finance Ministry who is responsible for budgetary control. The Ministry is assisted by Finance Secretary,Central Bank, Planning Commission. But the overall responsibility is bestowned upon the Finance Ministry.


What is the journal entry for this transaction Added 460 to mendosa customer balance for finance charges on unpaid balances?

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Who is the chairman of 14th finance commission?

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When a finance charge is calculated on the average daily balance when should consumers pay the bill to keep finance charges at a minimum?

Paying the bill as early in the payment period as possible will make the average daily balance lower and therefore minimize the finance charges.


What is the amount of interest on a cash advance from a credit card of 2000 dollars at 27 per cent a month?

Finance charges will be approximately $44 on $2000 at 27% depending on how your bank computes finance charges.


If you close a credit card containing a balance in an attempt to pay it off faster how does this affect your finance charges?

It won't. The finance/interest charges will still be applied to the balance in accordance with the original lending agreement.


Difference between Finance Manager and Marketing manager?

Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers.


What does the Senate Finance Committee have to do with budget?

The Senate Finance Committee is responsible for drafting the budget plan for Congress. The Committee is also responsible for overseeing the spending of the Federal Government.


A statement that shows finance charges is called?

Truth in lending statement


What is disadvantage of traffic accident in Cambodia?

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I cosigned on an automobile loan and insurance for my son. Who is responsible if the insurance is not paid up and he gets in an accident?

As a cosigner, You are jointly and separately liable for any and all amounts that might arise out of the finance note you guaranteed.


Can a interest be charged on a late fee?

No. But what will be charged on a late fee, will be reflected on something known as your your finance charges. Finance charges will go up if you are late making a payment on your credit card.


What is finance cost?

Finance cost is the interest charges paid by company to borrow money from open market or debt collected from external sources and also any money spent to get finance for company is also included in finance cost.


Man most responsible for the establishment of the system of government finance was?

Alexander Hamilton is credited with being significantly responsible for creating the system of government finance. Hamilton was one of America's Founding Fathers.


What is the maximum finance charge allowed?

Such charges will vary based on the location and what is being financed.


What has the author Maurice Criz written?

Maurice Criz has written: 'The use tax' -- subject(s): Taxation 'The role of user charges and fees in city finance' -- subject(s): Municipal finance, User charges


Where can one learn more about finance charge?

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How do you access AR Finance charges on a Past Due Balance?

Accruing Finance ChargesExample: Invoice = $1000Due Date = 01-OCT-10Interest Rate = 1%Days in Period = 30Accrue Interest = YesYou run the statements or dunning program to calculate finance charges on 31-OCT-10 and get the following results:.01 * $1000 * 30 = $1030As of 31-OCT-10 you have: $10 finance charges (02-OCT to 31-OCT)$1000 invoice$1010*Since you are accruing finance charges, the amount of the finance charge is added to the amount due balance.Compounding Finance ChargesLets you compound the interest that you charge for past due items. If you compound interest, Receivables includes the finance charges that you have previously assessed when calculating finance charges on the outstanding balances of past due items. Use the following example to understand how Receivables compounds interest:Example:Invoice = $1000Due Date = 01-OCT-10Interest Rate = 1%Days in Period = 30Accrue Interest = YesCompound Interest = YesYou run the statements or dunning program to calculate finance charges on 31-OCT-10 and get the following results:.01/30 * $1000 * 30 = $10As of 31-OCT-10 you have:$10 finance charges (02-OCT to 31-OCT)$1000 invoice$1010You run the print statements or dunning letter generate program again on 30-NOV-10 and get the following results:.01/30 * $1010 * 30 = $10.10 finance charges* Since you are compounding finance charges, interest from 01-NOV to 30-NOV is calculated on $1100 i.e. the balance including any previous finance charges.As of 31-OCT-10 you have:$10 finance charges (02-OCT to 31-OCT)$10.10 finance charges (01-NOV to 30-NOV)$1000 invoice$1020.10Note: If Compound Interest had been set to No, finance charges would have been calculated on 1,000 only. If accrue interest had been set to No, then again finance charges would have been calculated on 1,000.


What government department is responsible for Ireland's national budget?

The Department of Finance.


What has the author Robert P Shay written?

Robert P. Shay has written: 'New-automobile finance rates, 1924-62' -- subject(s): Automobile industry and trade, Finance, Finance charges

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