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What else can I help you with?
How do you sell your car before the lease is up?
Lease or retail installment loan-dosen't matter. You call your lienholder, get your pay-off and sell your car. If your pay-off is greater than what you are selling the car for, "you" simply pay that "negative equity" to your lienholder. If you sell your car for $15,000.00 and you owe $20,000.00 you have to pay your finance company $5000.00 and you are done. The $5000. is called negative equity.
Is it easier to get a lease or loan?
lease
Is it better to trade a car with negative equity or turn it in?
Deciding whether to trade a car with negative equity or turn it in depends on your financial situation and goals. Trading it in might allow you to roll the negative equity into a new loan, but this can lead to higher monthly payments and more debt. Turning it in, especially if it's under a lease, could help you avoid further financial strain, but you may still need to cover the negative equity. Assessing your long-term financial implications is crucial before making a choice.
If property owned has an equity line of credit owed against it is there a way to lease to own the property?
It's impossible
How do you get a car lease with bad credit?
If is difficult for you to get a lease with bad credit, due to the fact new car dealers require a much higher credit score, usually 650 and higher to qualify for a lease. But you can always finance a used car relatively easier.
Are homes for lease easier to find than homes for sale?
The answer to this question depends on a lot of factors, including conditions in the area where you live. In general, right now I'd say it's a lot easier to find homes for sale than for lease since there are so many foreclosures on the market.
How does a car lease impact your credit?
A car lease can impact your credit in both positive and negative ways. Making on-time lease payments can help build a positive credit history, showing lenders that you are responsible with your finances. However, missing payments or defaulting on the lease can harm your credit score and make it harder to get credit in the future.
Do you have to live in a house to get a home equity loan?
It depends on the bank. However, if you rent it out, you will need a current lease and perhaps proof that rent is being paid, like cancelled checks.
What are the financial pros and cons of a car lease?
A car lease often has very cheap montly payments. The big negative, however, is that you never truly own the car. You will either have to give it back when the lease ends, or buy it then, which would be more expensive than buying it earlier.
What is straight lease?
A straight lease, also known as a flat lease, is a rental agreement where the tenant pays a fixed amount of rent for the entire lease term without any fluctuations. This type of lease provides stability for both the landlord and tenant, as the rental rate remains constant, making budgeting easier. Typically, straight leases are common in residential and commercial real estate where predictable expenses are desired.
With a red carpet lease a manufacturers rebate to a customers trade equity ia called what?
Trade equity and rebates are both forms of "cap cost reduction". The initial capitalized cost (cap cost) would be the selling price of the vehicle. You can add to the cap cost with things such as acquisition fees. You can reduce the cap cost with things like downpayment, rebates and trade equity.
If a person needs a cosigner to lease a car will their credit improve if they make payments on time?
Yes, the owner as well as the co-signer will be affected when you lease a car, being it negative or positive it will have an impact on both credit reports.
