answersLogoWhite

0

Financing a vehicle means borrowing money from a lender to purchase a car and paying it back over time with interest. The process involves applying for a loan, getting approved based on creditworthiness, agreeing to terms like interest rate and monthly payments, and making payments until the loan is fully repaid.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Related Questions

What do the acronyms COA mean?

Chart of accounts. (If you work in finance anyway)


How do you work out a finance lease?

how do u work out finance to be repaid


What does WIP mean?

work-in-process


Can finance co still repo your car after a charge-off and still do not have possession of the vehicle?

WHEN A FINANCE COMPANY CHARGES OFF THE ACCOUNT, YOUR VEHICLE IS STILL OUT FOR REPO, THEY JUST TOOK THE FIRST STEP IN THE PROCESS OF GETTING A COURT ORDER TO GET THEIR PROPERTY BACK AND BY THE WAY.... YOU PAY ALL THE LAWYER FEES AND COURT COSTS.... LIKE IT OR NOT. IF YOUR OUT FOR REPO GIVE IT UP, IT'LL BE CHEAPER FOR YOU. NEXT QUESTIONS BANKRUPTCY? AFTER A JUDGEMENT IT DOES YOU NO GOOD ANSWER They can try, a "charged off" account is just written off the books and an uncollectable debt, it does not mean you own the car, it just mean that the finance company or bank no longer considers it an asset. If there is not a body attachment, which are rarely given, and you need the car, try and work something out with the finance company. You can put a charged off debt or judgment in a bankruptcy.


How far is the process of your subsidy vehicle from Dept of Agriculture your work number is 80746535?

Yes


Can a repo man find you through vehicle registration?

The answer to your question is yes! My mother worked for GMAC finance, the people who finance your Gm auto. They will work with individuals who have problems. The deal is YOU the customer when facing problems must call them and let them know what is going on with your ability to pay (or not) your vehicle. If you do not contact them, they will use all their resources to find you. All the info you gave to the people who finance your auto is on record and yes they call the repo man and give him that information.


What is 'title work'?

As it relates to a vehicle, "title work" is the process of filing an application for title, possibly checking for listing of a leinholder(clear title), ect.


What do people who work in finance do?

People who work in finance can have jobs in financial management, brokerage firms, personal finance, and investments banks. Another job opportunity is a financial analyst position.


Can you get charges if you don't turn over car for repo?

Typically, no. Now if you hide the vehicle and tell the repossessor that you don't know where it is, they might try to report that vehicle stolen, or, more likely, file a missing property report. If the finance company can't get your vehicle, then they'll simply let the courts do their work for them.


What is the role of finance in accounting?

the departments work


What are credit default swaps?

I believe that what you are referring to is an exchange of collateral. This is used in cases where a vehicle is a total loss but the insured owes more that the value of the vehicle. Sometimes in this type of situation an insured, a auto sales lot, and the auto finance company work out a deal where a similarly valued vehicle is substituted as collateral for the loan currently on the books.


What academic background would you need to apply for finance careers?

The particular job in finance will have individual requirements. In general, finance jobs require degrees in business or finance and relevant work experience.