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What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
Average amount financed for new car?
What is the average amount financed in an auto loan
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 credit score do you need to get a new car financed?
It varies according to the dealer.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
Do you have to buy a new car to trade in a used car?
No, you can trade a used car for another used car
When you trade your car in for a new car does the entire trade value have to go towards the new car?
Depends on what arrangement you are able to make with the dealer.
Where can you trade in your new car for a used car?
Sure, but you will not get near what the new car is worth.
Why they financed Columbus?
The king/queen of Spain financed Columbus because they thought if he actually found a faster route to India it would open up a whole new market of trade and they would be richer.
How do you return a financed car?
I assume by "financed" you are NOT referring to a leased vehicle but one purchased with a new-car loan. I also assume the vehicle is still pretty new and has very low miles, which is why you mentioned "returning" it. Basically, you cannot return a vehicle. It's not like buying and returning merchandise from Wal-Mart. You must sell the vehicle. The dealer from whom you purchased it might be willing to buy it back, if it's like new, or perhaps you could trade it in for a different model.
Can you trade in your new car for a used car?
Yes.
