0
What else can I help you with?
Will a car dealership payoff a leinholder?
Yes, If you are trading in your car, or selling your car, to a car dealership they will payoff a leinholder in the process.
Does trading a car in hurt your credit score?
Trading in a car typically does not hurt your credit score. However, if you still owe money on the car you are trading in and the dealership pays off the remaining balance, it could affect your credit score temporarily.
Will trading in my car have an impact on my credit score?
Yes, trading in your car can have an impact on your credit score. When you trade in your car, the dealership will typically pay off the remaining balance on your loan. This can affect your credit score in a few ways: if the dealership pays off the loan in full and on time, it can have a positive impact on your credit score. However, if there are any issues with the loan payoff or if you end up with a new loan for the new car, it could potentially have a negative impact on your credit score.
Can you trade in a car that isn't fully paid off?
Yes, you just add the payoff amount of the car you are trading to the price of the car you are buying.
Can you trade in a car with a balance to lease a car?
There should be no balance in trading each car. No one will accept the kind of deal.
When an auto is totaled and the insurer takes the auto and pays the insured the actual cash value of the car at the time of the loss this is an example of?
Total loss payoff
If you pay off the balance on your repossessed car to get it back do you have to pay the balance owed with interest based on the original 5 yr loan?
Unless you get the lender to agree to an offer, you will pay the balance due for payoff(repo fees, late charges,ect. have likely devoured any reduction in interest you would have seen for early payoff)
If your car was repossessed today but you are willing to pay off the remaining balance do you have a good chance of getting the car back?
Call the lender first thing in the morning and make the arrangments to payoff.
Do you pay what is left on the loan or what the lienholder sells it for on a voluntary repossession of a car?
On ANY repo, you pay the balance due AFTER the car is sold. Payoff = 5K, car sells for 2k, fees = 1K, you owe 4K.
Can you get your payoff of your car lowered if your car needs a new engine?
NO!
Does gap insurance cover a death?
No. If a car is determined to be a total loss as a result of a collision, GAP insurance pays the difference between what the collision coverage pays as the actual cash value of the car and the outstanding loan balance.
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
Do they? NOT usually. CAN they?? yes, if you convince them to. reporting a repo is reporting a fact. The repo DID happen. They report the payoff. That is a fact also.
