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If car is totaled in accident will the bank substitute another car for the same loan that is replace the car and continue with the original loan?
That's not how it works. You owe the bank the outstanding balance on the car loan. The only event that will save you from having to pay that balance is bankruptcy. Typically, a bank will insist you have comprehensive insurance on a car which is the subject of an auto loan. If the insurance company agrees that the car is a total loss, they will offer you a settlement. The amount they give you will be less than the purchase cost of the car. (They will figure in depreciation based on the age of the vehicle.) Even if the accident is not your fault (i.e., if your parked car was hit by someone else), you can be sure of this: (1) the bank will not let you off the hook; (2) you will be required to pay the remaining balance of the principle and applicable interest; (3) the bank will not act to replace your car; (4) your only relief will come from insurance settlement or from suing the party responsible for the wreck.
What else can I help you with?
Is substitute ad switch synonym antonym or homophone?
"Substitute" and "switch" are synonyms as they both refer to replacing something with another. However, they are not homophones which are words that sound the same but have different meanings. An antonym of "substitute" could be "original" or "primary" as they denote opposing ideas.
What can you use to substitute a zippo flint substitute not another replacement flint?
l
What is substitute goods?
Good that can be used in place of another good.
Another word for instead of?
substitute
How do you check your solution with inequalities?
1) Replace the inequality signs in the solution and in the original question with = signs. Substitute the solution inn the question: it should make it true. 2) (Back to the inequalities) Pick another number that satisfies the solution inequality - e.g. if x>2, pick 5. Substitute this into the original inequality: if it makes it true, then you are good to go!
What is a substitution?
A substitute is a person or thing that takes the place or function of another. In cooking, it would be an ingredient which can replace another. For example, if you are baking cookies and your recipe calls for a cup of shortening, you could substitute it for a cup of margarine and get a similar result.It is a spare player for teams to use coming towards the end of the game
What is another word for substitute?
replacement
What word can you substitute for their?
what word can I substitute for constitutes
What is the definition of a substitute good in economics and how does it impact consumer behavior and market dynamics?
A substitute good in economics is a product that can be used as an alternative to another product. When the price of one substitute good changes, consumers may switch to the cheaper option, impacting demand for the original product. This can affect market dynamics by influencing prices and competition among similar products.
A close-substitute is what?
A close substitute is a product or service you can purchase in place of another and still get the same satisfaction. There are many substitute goods available on the market.
Is substitute a noun?
Yes, the word 'substitute' is a noun, a singular, common, abstract noun; a word for someone or something that takes the place of another. The word 'substitute' is also a verb (substitute, substitutes, substituting, substituted). Examples:Noun: Salsa is a good substitute for tomatoes in a sandwich.Verb: Ms. Lincoln will substitute for Ms. Washington while she is on her honeymoon.
As a substitute or equivalent in a place of?
The phrase "as a substitute or equivalent in place of" refers to using one item, person, or concept to replace another when the original is unavailable or unsuitable. This can apply in various contexts, such as cooking, where one ingredient is used instead of another, or in a professional setting, where a temporary worker fills in for a permanent employee. The goal is to maintain functionality or effectiveness despite the change.
