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What happens when an auto loan is discharged especially when it's a secured loan?
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Borrowing secured auto loans?
Borrowing secured auto loans is a great way to save money if one needs access to extra cash. A person can easily borrow a secured auto loan when he or she goes to purchase a new car. In addition, a person may want to take out a secured auto loan if he or she already has to make existing payments on a car. A secured auto loan is truly one of the best ways to get access to extra cash and save the cash that one already has. This sort of loan will truly help a person get his finances ordered.
Are auto loans secured loans?
Yes, they are. An auto loan is secured loan based on the collateral of your vehicle. If you don't pay the loan they will unfortunately come take your car away.
Rewards of Secured Auto Loans?
If a person owns their own home or some other types of large assets they will usually qualify for secured auto loans. Secured auto loans are generally the best type of auto loan to obtain because they are accompanied with extremely reasonable and low interest rates. Secured auto loans come with a number of advantages. People who obtain a secured auto loan usually enjoy a flexible repayment term, which enables them to save more money because they are in control of how the loan is repaid. They also enjoy lower income requirements when applying for the loan because since the loan is backed with collateral the lender is not typically too worried about the person's income. Most times the government will allow the interest associated with a secured auto loan to be tax deductible. The most advantageous aspect about a secured auto loan is they are less of a hassle to qualify for than unsecured auto loans; this of course is only as long as the applicant has a large asset to use as collateral.
Do you have to get full auto coverage if you file bankruptcy?
If you're auto payment is included in your bankruptcy, then yes, they will require you to keep full coverage as long as there is a secured balance on the vehicle.
Are there any legal issues if your bankruptcy that included your leased auto has been discharged and you fell behind on on auto payments?
You need to ask this of your B/K attorney for state specific advice.
Is an auto loan a personal loan?
An auto loan and a personal loan are both loans. Personal loans can be secured or unsecured. Secured meaning that there is some form of collateral to back up the loan in the event that the borrower defaults. Unsecured loans have no collateral which usually translates into higher interest rates due to the added risk on the lender. An auto loan may carry a lower interest rate due to it being secured; if you don't make the payments you lose the car.
What dose Auto means?
Auto = automatic = something that happens by itself.
Which rechargable batteries can be partially recharged without ruining the battery life?
A rechargable deep cycle battery can be fully discharged without damaging the battery. Any auto battery cannot be discharged without damaging the battery. Any dry cell rechargable battery can be fully discharged without damaging the battery.
Who covers an accident when it happens in your driveway homeowners or auto insurance?
Auto insurance.
Does a car battery have any gas in it?
An auto battery does emit hydrogen gas when it is being charged or discharged but it does not contain gas per se.
Whats the easiest way to get the ac lines apart when pulling a heater core out of a '89 sho?
First, the A/C system has to be discharged. If it is not discharged before you take the lines loose, you will be seriously injured. After it is discharged, there is a special tool that is made to disconnect those lines. That tool is available at most auto parts stores. You will not get those lines loose without that tool.
Where can you find a secured loan in Montreal?
One great source of a secured loan in Montreal is the Bank of Montreal. They have different types of loand avaialble to fit nearly any situation, whether it be an auto loan, boat loan, or home loan.
