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When refinancing how much more should you put down for tax title and fees if the payoff amount is 8100 dollars?

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2004-11-21 20:04:49
2004-11-21 20:04:49

Generally when you get a car loan, the down payment is determined by such things as your credit rating, the age of the car (i.e. likelihood of it being reliable or breaking down) and the place you refinance. It pays to shop around if you have decent credit. The loaning institution will tell you what percentage you have to put down based on the age of the car. Older cars that could break down for good are a higher interest rate, because should they break down, the bank doesn't want to be left holding the bag if you default on a loan. Good luck!

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You could say 'it is 100 dollars less than you were supposed to pay' or 'your payment was 100 dollars short of the total amount.'


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