0
Your friend wants to borrow 15000.00 for a down payment on a car any sort of legal papers you can draw up so you dont become just another user?
Wiki User
∙ 15y ago
Personally, if someone needs 15000.00 for a down payment on a car then they cannot afford the car they want. I wouldn't lend this money. Not even to family. 15000.00 would by a new car for anyone. I have to know: what kind of car is this that needs a $15,000 DOWN payment? That's like, 20 percent down on a $75,000 Mercedes!
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is a down payment on a house?
Most people borrow money from a bank when they want to buy a house, but they usually do not borrow 100% of the cost of the house. They usually do have some money to apply toward the cost of the house, and that amount is called a down payment. So to buy a house costing $200,000 a person might make a down payment of $50,000 and then borrow the remaining $150,000.
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
How much is a motorcycle payment monthly?
There is no set motorcycle payment. It can vary greatly depending on amount you have to borrow and length of time you are going to take to pay it off.
How much is an member country allowed to borrow from the IMF?
If the country still cannot meet its payments obligations it can, ultimately, borrow up to three times its original quota payment.
If payments on a house cost 7 per month per 1000 borrowed and you think you can afford 700 for a payment how much can you borrow?
if you can afford 700 each month you can borrow 1000 x 100 = 100,000
How do you use a mortgage calculator to figure your necessary down payment?
A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.
What is another word for borrow?
rent, hire
Is a culture with many immigrants likely to borrow from another culture?
Yes they would borrow because they might have something we don't.
Where can you watch skins season 4?
You can find it at a video store, borrow it. Another way is if you have a friend that will let you borrow the DVD.
If you were to borrow twenty-five thousand dollars at a 10 percent interest for 36 months what would be your monthly payment?
763.89
What sport did America borrow from another country?
well soccer
How much will the payment in the month for a new motorcycle?
Depends on the amount you borrow, length of the loan, and interest rate. $205.00 a month is not unusual.
