answersLogoWhite

0

The total amount to pay to satisfy the terms of a loan. It would include the cost of the vehicle you purchased and possibly interest and other fees.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Where can you find out what the payoff amount is?

Payoff amounts are not usually provided on the monthly loan statement because the amount is calculated on a daily basis. To determine your payoff amount, call your lender and ask them what the current payoff amount is. Ask them if the payoff will change if you want to pay off the loan on a future date (give them the future date and they can calculate the payoff for you).


What is the difference between the principal balance and the payoff amount on a loan?

The principal balance is the amount of money you still owe on a loan, while the payoff amount is the total amount needed to pay off the loan in full, including any remaining interest or fees.


What is the difference between the outstanding principal balance and the payoff amount on a loan?

The outstanding principal balance is the amount of money you still owe on a loan, while the payoff amount is the total amount needed to pay off the loan in full, including any interest or fees that may have accrued.


Will a creditor accept a lower payoff amount?

A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.


What is the difference between the outstanding balance and the payoff amount on my account?

The outstanding balance is the amount you currently owe on your account, including any unpaid charges and fees. The payoff amount is the total amount needed to pay off your account in full, which may include additional fees or interest that have accrued since your last payment.


Can you get your payoff amount to Toyota Motor Credit?

Yes


If your husband's ins says the vested amount is does that mean that's the total amount or what is paid monthly?

Total amount after interest.


What does the word total amount mean in math?

arithemetic mean


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.


What does flat discount mean?

Discount on Total amount...


How do you sell your car and have someone take over payments?

For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.


What is the difference between the interest-bearing principal balance and the payoff amount on a loan?

The interest-bearing principal balance is the amount of money you still owe on a loan, excluding interest. The payoff amount includes the principal balance plus any accrued interest and fees that need to be paid to fully settle the loan.