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When trading in a vehicle and its upside down how should numbers look on paper?
Wiki User
∙ 12y ago
Most lenders will not accept or consider an installment contract with a negative figure. In otherwords, The dealer is forced to increase the sales price by a factor equal to the negative equity, which balances out the buyers order and contract. (Be aware of the actual trade value(ACV) found in the NADA, KELLY Blue or Black Book.) It is questionable in regards to the integrity of the deal, but promoted by the indirect lender that the dealer is getting your financing through. I was a director of Finance for a mega dealer in the St Louis area for a number of years. The questionable and often seamly unetehical tactic is usually promoted by the Banking Industry. However, remember that the dealer will often use the increased trade value as a tool to capture your business by presenting the inflated trade value as the real value(ACV) and thus taking your attention away from the inflated sale price. A personal side note. Nobody gets a great deal, unless somebody screwed up.
Wiki User
∙ 12y ago
When trading in a vehicle that is upside down (you owe more than it is worth), the negative equity will typically be rolled into the new car loan. This will result in higher monthly payments and you will owe more on the new loan than the car is worth. Overall, the numbers on paper will show a higher loan amount than the value of the new car due to the negative equity from the trade-in.
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Can you trade if you are upside down?
An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.
What is wrong with these numbers?
they are written upside down
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a palindrome
Does bankruptcy cover the amount you are upside down on a vehicle after it has been repossessed in Colorado?
It can.
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Enter 1134 on a calculater then turn it upside down, and the numbers read hell.
What numbers value increases by one half when turned upside down?
6
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Because their process changes
If you bought a car with high interest and currently you have an upside down loan would it be a good idea to trade the car in for a cheaper newer model with a lot fewer miles?
The problem with many of the auto loans is that you get "upside down" in them quite soon. Even if you buy a newer vehicle, when you trade in your existing vehicle you will be upside down almost immediately. Pay off what you have, drive it as long as it keeps serving you well. Once it is paid off you will have some equity to put down on your next vehicle. Then you should only buy something with a 2 or 3 year note. Anything longer will put you upside down. If you can't afford the shorter note on the vehicle, don't buy it; it just means you cant afford the vehicle. The only people who really make money on those deals is the finance company. You're giving a lot of money to someone so that you can buy a vehicle that you can't really aford.
What numbers spell pie?
The closest you can get is with the numbers: 316. When you hold the calculator upside down, you will see something similar to "Pie."
What three numbers look the same upside down?
basicly if you write five numbers together, two that are the same over but only have five numbers on your calculator and tip it upside down then you will be happy :) 9696 or 6969 tip it updi down then it is the same :) Thanks Pengbeargirls!
How do you get GCFs?
You can do a T-chart and list out all the common factors then find the highest one or you can do upside down divisionwich is like this:Tle long division sighn upside down then the numbers that you are given on the inside then the numbers that go into all of them on the outside. keep doing this until all the numbers have nothing in common. Then multiply all the outside numbers and that is your answer
How should canoes be stored?
hanging upside down
