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The car will probably be repossessed.

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โˆ™ 2005-11-21 18:10:33
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Q: What will happen if your car down payment bounced and you made a particial payment?
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Related Questions

What is the duration of No Down Payment?

The duration of No Down Payment is 1.75 hours.

What is the down payment on a bugatti?

A down payment for select buyers is $360,000

What journal entry is a down payment?

Debit down paymentCredit Cash

When you put a down payment on a car do dealers come down on price?

When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.

What is initial payment on a mortgage called?

Down payment

Car dealer forgot down payment?

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.

What is the ratio of 400 down payment to the amount of 1200?

400 down payments : 1200 = 1 down payment : 3 payments or 1/3 dp : 1 payment

What is c for down payment?

full payment one time

What can affect your monthly car payment?

Interest and down payment.

If you write a check for a down payment and it is return?

It went NSF and your down payment is not paid. You will likely incur extra charges as well for the NSF not only from the bank but from whomever the down payment was for.

What is the difference between advance payment and down payment?

Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.

What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx

Why do finance companies ask for a down payment?

A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.

How helpful is a mortgage calculator for estimating a down payment?

The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.

What percent down payment to buy a 250000.00 home?

What is the minimum percent down payment to buy a 250,000.00 home?

What kind of down payment is needed for a home loan?

The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.

How much of a down payment would be required for a house costing 150000?

You don't ever have to put a down payment down (unless your lender bank requires you to), however 20% of the value usually is the norm. We bought our house with NO down payment.

Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?

YES, making the down payment is part of the contract and you are in default on it.

Will you need a higher down payment to get a mortgage with bad credit?

Yes, a higher down payment is typically needed to get a mortgage with bad credit. A down payment of 25% or more will help to get a lower interest rate.

Where can one obtain a bad credit home loan with no down payment?

It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.

Can you suggest a website that informs you about down payment calculator?

You can really just use any calculator to find the down payment for a home or car. You would just multiply the total price by the percentage of down payment.

Where could one get car insurance with a low down payment?

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.

Marias new house cost 235000 The down payment was 0.5 of the cost of the house How much was the down payment?


what application do i fill out in order to obtain grant money for down payment of a home?

is there grant money for down payment of a home

Can you use a second mortgage as a down payment?

You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.