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Can i buyout my car lease while in a chapter 13?
In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.
Why would you use a lease payment calculator?
A lease payment calculator is used to find out what an auto lease will really cost. It takes into account the MSRP, the negotiated price, the down payment, sales tax, length of lease, the end of lease car value, and new car lending rate, as well as the lease time.
Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
Where can you find an online lease payment calculator?
Online Lease Payment Calculators can be found on multiple car and insurance websites. For example, car sales websites will have a calculator to determine monthly payments and overall interest on a car for sale.
Do you lose your down payment when you lease a car?
Yes, It covers initial depreciation.
How does one takeover a car lease?
One can takeover a car lease relatively easily. Usually the person wanting to break their lease is doing this for financial reasons. To takeover a car lease, one needs to amend the lease papers and than they can take over the lease for the rest of the term at the same payment plan as before.
Can you renegotiate a car lease payment?
in most US states - not unless the creditor will allow it.
At the end of a car lease do you get your downpayment back?
No, you do not. It's a down payment, not a security deposit.
What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
Where can one go to auto lease a vehicle?
You can lease a car from most dealerships. You can only lease new vehicles and not every vehicle is available to be leased. To lease a car you simply make a small down payment. Usually less than 20% of the cars value. Then you make monthly payments for the rest of the lease. When the lease expires you have to return the car.
Where can I find a car lease calculator online?
There are many car lease and car loan payment calculators available online. Often, dealers make these available on their websites however if they do not, you can find one on www.carpaymentcalculator.net/
Have you ever heard of a balloon payment at the end of a purchase to buy of a used car?
Yes.
