Best Answer

A pick up payment is an irregular or deferred down payment. The down payment is the amount paid up front and reduces the amount financed. Some amounts may be deffered to future dates. The amounts and dates of these payments must be disclosed on your contract and are separate from your regular payments. If interest accrues off these payments depends on the state and dealer.

User Avatar

Wiki User

โˆ™ 2014-06-09 03:26:53
This answer is:
User Avatar
Study guides


25 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

See all cards
4 Reviews

Add your answer:

Earn +20 pts
Q: What is a pick up payment in an auto loan and how is it applied?
Write your answer...
Still have questions?
magnify glass
Related questions

Where could a person buy payment calculators?

No need to buy a payment calculator when you can use Bankrate's FREE payment calculator, along with other loan calculators. But if you can't have the internet with you wherever you go, why not shop at Staples and pick one up for when you're on the go.

What are the procedures for automobile repossession on a personal loan?

You'll receive a notice if you fail to make payment, and they will come pick up your car. If what you owe is more than the car is worth, you will owe the difference.

Can you change your payment on Roblox?

Yes once you've picked your BC type or Robux amount you pick your way of payment.

If some is a co signer on a loan the CO signer and pick up the check right?

Is this even English? Anyway, if you're asking what happens when someone defaults on a loan, then it is the responsibility of the cosigner to "pick up the check."

What is the lyrics to safe auto commercial?

1 800 Safe auto pick of the phone the call is free. 1 800 Safe auto Safe safe auto..

How do I go about small business auto loans?

If you are asking about obtaining a business vehicle loan then the answer is simple. You need to establish business credit to apply under. To build business credit start your research by googling and pick out a company that can help you with that.

Can world finance loan company come pick YOUR car up?

First, you explain what "world finance loan company" IS; no such critter exists.

What are the release dates for 13 East - 1989 I've Got a Loan to Pick with You 1-2?

13 East - 1989 I've Got a Loan to Pick with You 1-2 was released on: USA: 5 August 1989

Where can I find out how to get a loan for the first time?

You might be able to get a bank loan with the bank that you use for every day banking. They will be able to help you pick the loan that works best for you, either secured or unsecured.

How can one get a payday money loan?

One can get a payday money loan from Brickloans and Pick the Loan. One can also get a payday money load from Cash Net USA, Ace Cash Express, and ALSIGL.

Is there a program or something that can generate actual working World of Warcraft TCG loot codes?

there is, I think its called auto pick it, forgot the name but maybe a curse client has it, some hardcore raiders use that. just like in diablo2 auto pick it/auto loot

What is COD in business?

Cash On Delivery. Or in other words, payment is expected when you pick up your goods.

People also asked