well for one thing you'd have to pay for gas. then there's insurance payments, monthly car payments, registration, maintanence, etc, etc
Like any insurance, payments depend on the type and cover of insurance, where you get it from, the age of the car and the car's added accessories. But for example, for a 2010 Ford Focus, the typical monthly payment is $125.
Usually when your buying car insurance you have the option to make monthly payments, or pay in full -if you pay in full, you pay the full amount for the year. This way there are not payments to be made until 12 months later when you have to renew your insurance....
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?
most companys i would say yes, as long as you can pay the premium, and meet whatever other underwriting terms they have...
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
if your car is worth 10k and u own 20k and your car gets totaled, your car insurance will cover 10k for what your car is worth and cap will cover the rest. you wont get any money but you also wont have any monthly payments anymore.
This is a very good website to calculate the monthly car payments: http://autos.aol.com/calculators/car-payment-calculator/ or http://www.carmax.com/enus/car-payment-estimates-calculator/default.html
A car amortization calculator lets you compare payment options, like bi-monthly, monthly, or bi-weekly payments. It could help you organize your payments and facilitate paying off your car.
Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.
You can figure out your monthly car insurance pay numbers by visiting your car insurance providers website. Once on the page, look for the FAQ in the support section.
If you fail to pay the mechanic for services then they can put a lien on your car and this has nothing to do with you making the monthly payments on time.