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What else can I help you with?
Calculate the total amount paid for a new car if the car costs 12489 and is financed at 3.5 percent interest for 5 years?
14674.58
What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
How can you eliminate your auto loan without finishing the payoff?
One way or another, the loan has to be paid off. If you trade the car in, you can get the payoff added to the amount financed on the new car.
Who pays the payoff balance when trading in a car?
Whoever is selling you the new car and then they roll it into the amount you are paying for the new car, charge you to do this and if it is dealer financed, they get the interest on that money. Basically you pay off the balance at a higher rate than you were paying.
Is it cheaper per month to finance a used car or a new car?
It completely depends upon the amount financed and the rate of the loan. Used versus new does not dictate these terms, as some used cars are worth more than new cars.
If you financed a car can you later on trade it in for a new car?
Yes, no worries as long as that car has no defects and it is in good condition.
What is the average cost for liability on a car insurance?
what is average amount of liability insurance for cars in new york
What credit score do you need to get a new car financed?
It varies according to the dealer.
How much was the average cost of a new car in 1970?
It was about $3542 for a new car during this time period. This amount is much less than what a new car goes for now.
How much profit does the average dealer make on a new car?
There is an average new car mark up of about 500-900 $ mark up plus an average hold back amount of 1,000 so do the math
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
