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Is a lease or loan easier to roll negative equity into from a trade-in?
Wiki User
∙ 15y ago
leasing is more beneficial.
Wiki User
∙ 15y ago
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How do you sell your car before the lease is up?
Lease or retail installment loan-dosen't matter. You call your lienholder, get your pay-off and sell your car. If your pay-off is greater than what you are selling the car for, "you" simply pay that "negative equity" to your lienholder. If you sell your car for $15,000.00 and you owe $20,000.00 you have to pay your finance company $5000.00 and you are done. The $5000. is called negative equity.
Is it easier to get a lease or loan?
lease
If property owned has an equity line of credit owed against it is there a way to lease to own the property?
It's impossible
How do you get a car lease with bad credit?
If is difficult for you to get a lease with bad credit, due to the fact new car dealers require a much higher credit score, usually 650 and higher to qualify for a lease. But you can always finance a used car relatively easier.
Are homes for lease easier to find than homes for sale?
The answer to this question depends on a lot of factors, including conditions in the area where you live. In general, right now I'd say it's a lot easier to find homes for sale than for lease since there are so many foreclosures on the market.
Do you have to live in a house to get a home equity loan?
It depends on the bank. However, if you rent it out, you will need a current lease and perhaps proof that rent is being paid, like cancelled checks.
What are the financial pros and cons of a car lease?
A car lease often has very cheap montly payments. The big negative, however, is that you never truly own the car. You will either have to give it back when the lease ends, or buy it then, which would be more expensive than buying it earlier.
With a red carpet lease a manufacturers rebate to a customers trade equity ia called what?
Trade equity and rebates are both forms of "cap cost reduction". The initial capitalized cost (cap cost) would be the selling price of the vehicle. You can add to the cap cost with things such as acquisition fees. You can reduce the cap cost with things like downpayment, rebates and trade equity.
If a person needs a cosigner to lease a car will their credit improve if they make payments on time?
Yes, the owner as well as the co-signer will be affected when you lease a car, being it negative or positive it will have an impact on both credit reports.
What is a car lease calculator?
A car lease calculator from what i can figure out is a calculator that will help you figure out your payments for a car that you are looking into buying. This will help with the interest and monthly break down and will make it easier to help you see how much car you can afford.
Should I lease or own my small business?
Leasing and buying both have their own pros and cons. I would be inclined to lease instead of buying because it's a lot easier to deal with if your business has not been successful. You won't have to sell the property.
Is it easier to lease a car or to buy it?
Leasing a car is more easier because you only have a certain time frame to keep the car. Buying a car is worse because you will permanently have that car and waste a lot of money on it.
