answersLogoWhite
Ask
Repossession
Credit and Debit Cards
Mortgages

When arranging payments on a vehicle that you surrendered who sets the amount on what you pay monthly?

282930
Answer

Top Answer
User Avatar
Wiki User
2004-10-29 22:14:01
2004-10-29 22:14:01

The same one who set the payments when you got the loan, the LENDER.

1
0

Related Questions

User Avatar

A vehicle loan calculator helps you to work out your monthly repayments. You choose the vehicle value or loan amount and the length period of the loan. Then the calculator will work out your monthly payments.

User Avatar

When you take out a loan to buy a vehicle, you will be asked to make monthly payments for a certain number of years. At the end of that time you will own the vehicle. When you lease a vehicle, you make monthly payments for a certain number of years and then you give the automobile back to the dealer.

User Avatar

Until the vehicle is paid for, a person is basically renting the vehicle. If that person pays all but the last monthly payment and defaults, he or she has broken the contract (verbal or written) and is not entitled to any refunds or compensation. The monthly payments are rent for that vehicle, similar to renting anything else, an apartment, equipment, a moving van. The money is for the use or privilege of using the vehicle.

User Avatar

Yes, it can if you fail to pay the legal fees or fail to make your monthly payments on a loan.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.