answersLogoWhite

0


Best Answer

yes

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will a bank buy back your car and pay on the auto loan for the amount of purchase?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Where to buy a calculator for auto loans?

You do not need to actually purchase a calculator for auto loans. Most often the dealership you are buying the vehicle from, or the bank you are getting the loan from, will have an auto loan calculator. The calculator will tell you the amount your payment will be for the duration of your auto loan. These can also be found online and are usually free.


How many months bank statements do I need to give to take an auto loan from a bank?

To get an auto loan from a bank you need to give three months bank statements for your salary account along with many other documents. The salary is reviewed by the bank and then the loan amount is decided.


Ramesh borrowed money from the bank to purchase a car. In addition to paying back the borrowed funds what else will he owe the bank?

He will definitely pay interest on the amount outstanding each month... He may also have had to pay an arrangement fee.


Which is good to buy a house - shall i go for bank loan to buy a house or with my money?

You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.


Bank Auto Loans Are Now Available Online?

Major national and local banks are now offering loans for purchase of new and used vehicles through their online banking sites. Getting quotes for bank auto loans online saves time, and often banks offer special online promotions or even promotional rates for their online auto loan products. Each bank operates its own website, so usually you need to check the websites of any banks that offer online bank auto loans to find out about rates and get quotes. Bank auto loans are not the only car loans available online as finance companies and even brokers offer online auto loan service.

Related questions

Where to buy a calculator for auto loans?

You do not need to actually purchase a calculator for auto loans. Most often the dealership you are buying the vehicle from, or the bank you are getting the loan from, will have an auto loan calculator. The calculator will tell you the amount your payment will be for the duration of your auto loan. These can also be found online and are usually free.


What are the auto repo laws in Florida?

if a lender (bank) reposseses your auto in florida and then asks for a deficiency amount, can the lender take this amount out of the buyers bank account without permission or any judgements filed with the county?


How many months bank statements do I need to give to take an auto loan from a bank?

To get an auto loan from a bank you need to give three months bank statements for your salary account along with many other documents. The salary is reviewed by the bank and then the loan amount is decided.


Could you inform me about fast auto loans?

You use an auto loan when your bank account(s)/financial institution(s) rejects your loan for purchasing a car if you do not have enough credit. An auto loan website will give you money for a car purchase, but usually has a hidden cost or fee later on when you pay them back.


Ramesh borrowed money from the bank to purchase a car. In addition to paying back the borrowed funds what else will he owe the bank?

He will definitely pay interest on the amount outstanding each month... He may also have had to pay an arrangement fee.


What is Journal entries for letter of credit?

A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.


Where can you purchase auto insurance?

Auto insurance can be bought at any major bank or insurance company. There are also cooperations. As with everything else these days you can also buy it online.


What investment must a Fed member bank make?

A member bank is required to purchase stock from its Reserve Bank in an amount equal to 3 percent of its combined capital and surplus.


Budget for an Auto Loan?

Before purchasing a vehicle, find the best auto loan that fits with your budget. If you purchase a car at a dealer that lets you make payments through them, you will not have a high loan amount. However, if you decide to get a car at a larger dealership, they will go through a bank or finance company and the rates will be higher on the amount of the car due to interest. Decide on the amount that you can afford to spend on a car and monthly payment before you begin car shopping.


Which is good to buy a house - shall i go for bank loan to buy a house or with my money?

You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.


Do you have to pay the bank back for a vehicle if it gets wrecked and the bank pays it off?

Yes, unless the amount of the loan was covered by the insurance.


Can you give back the extra loan amount released by the bank due to some circumstances?

Yes so i am told from other people that have given money back to the bank! Hope that helps!:)