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

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βˆ™ 2004-10-29 22:14:01
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Q: When arranging payments on a vehicle that you surrendered who sets the amount on what you pay monthly?
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How does a vehicle loan calculator work?

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.

What are the differences between an automobile lease and an automobile loan?

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.

Can you trade in a used car for a cheaper vehicle in order to lower your monthly payments?

yes you can. yes you can. yes you can.

Is monthly private party car payments considered rental fees?

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.

Can a vehicle be impounded or forfeited?

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

What is special about the Repo Truck company?

There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.

Can you make biweekly payments instead of monthly?

If you are referring to a vehicle, you can make as many payments during a month that you want. There are very few financial institutions or in-house financiers that won't accept a payment.

My husband died a year ago. Can the finance company repossessed my deceased husband's vehicle although I have been making timely monthly payments?


Why are monthly payments usually higher when you buy a vehicle than when you lease a vehicle?

because when you buy it, it's yours. when you lease it, you give it back to the leasee. In the latter case you are just paying for the opportunity to use the vehicle.

If your current on your monthly car payments but owe a past miscellanous fee not a late fee can they repossess the vehicle if you refuse to pay that fee?

After a couple of months they can and will

Can a car dealership repo your car if you already have a lender for the vehicle?

The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.

Is there a good Vehicle loan calculator?

Auto finance and car loan tips to help making car buying easier.'s auto loan calculator estimates your monthly payments, down payments, interest rate.

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