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What is the term for the portion of the price that must be paid before the remaining balance can be financed on credit?
Wiki User
∙ 11y ago
Down Payment.
Wiki User
∙ 11y ago
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How do I go about trading a financed vehicle for something else?
== == You CANNOT sell or trade a vehicle that YOU don't OWN, and as long as there is a loan debt outstanding on the vehicle, YOU can't sell it, as it still belongs to the company that LOANED you the money to but it. They own it. If you pay the entire remaining balance to the lender, and get a CLEAR TITLE to it, then you can sell, or trade it to whoever you wish, but not before you pay it off, completely.
Your ex wife financed braces for your daughter without my knowledge or consent are you responsible for the debt?
Yes if it was done before she became your ex, no if she did it after, yes if the child lives with you.
How can you close a credit card that has a delinquent balance?
No, it has to be settled before you can close it.
The cash budget must be prepared before you can complete the?
budgeted balance sheet
What is the opposite of a fully amortizing loan?
Any loan where the loan balance is not paid off by fixed, regular payments. A balloon loan is a simple example. The loan comes due before the balance has been paid off. The outstanding balance is then paid in one lump sum. A fully amortizing loan is a loan with a monthly payment of sufficient size and a term long enough that the outstanding balance of the loan will be reduced (amortized) to zero. In other words, on the maturity date of the loan (the date you can stop making payments), there is no outstanding loan balance to be paid off. The loan has been paid in full. A portion of each monthly payment was used to pay interest on the outstanding balance. The remainder of each monthly payment was applied to the loan balance as a repayment of principal. There is no "opposite" of this. There are alternatives. A loan could be interest only -- where the entire monthly payment represents interest and there is no amount of it applied to the loan balance. As such, on the maturity date of the loan (the end of the loan term), the payoff balance due to the lender is identical to the original loan amount. There has been no amortization of the loan balance during the term of the loan. Another alternative is a loan based on 20 year amortization but with a 5 year term. In this case, the loan payment is established by the amount that would be required to fully amortize the loan over a 20 year period (down to a balance of zero). However, at the end of 5 years, the loan matures (the end of the term) and the remaining balance must be repaid. That payoff amount will be less than the original loan amount because some amortization has occurred, but is certainly greater than zero (which would have taken another 15 years to reach).
How do I go about trading a financed vehicle for something else?
== == You CANNOT sell or trade a vehicle that YOU don't OWN, and as long as there is a loan debt outstanding on the vehicle, YOU can't sell it, as it still belongs to the company that LOANED you the money to but it. They own it. If you pay the entire remaining balance to the lender, and get a CLEAR TITLE to it, then you can sell, or trade it to whoever you wish, but not before you pay it off, completely.
Who was given credit for making the roman colosseum?
The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.The emperor Vespasian is given credit for the building of the Colosseum. Although he died before it was completed, he planned and financed it.
Who financed most canals before 1830?
State governments.
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
In bits before subnetting how large is the host portion in a Class A network?
In a class A network, the first 8 bits specify the network, the remaining 24 bits specify the host.
After the car is auctioned can you make payments for the remaining balance?
ONLY if the lender agrees to doing so. After all, you agreeded to make make payments on the car once before.
How were canals that were built before 1830 built and financed?
state governments
In regards to the question if you volunteer a reposession do you have to pay off your car loan what happens if you can't pay that balance?
Voluntary RepossessionOnce this vehicle has been auctioned off, the remaining balance that is left on this loan will be your responsibility to pay off. You can contact this collection agency once you receive a new statement of this balance. Usually the two options that you have is either make monthly payments or you can negotiate a settlement. Your best bet is to save anywhere from 30-50% of the remaining balance, and settle. Get everything in writing before making a final payment.
Is it legal to remove parts before repossession?
Yes and no. If you have replaced the factory radio with a super sound system, you can put the original back. Same for fancy wheels or high-performance tires, etc, that you added after the car was financed. Remember, you are still responsible for any balance remaining after the bank sells the car. The bank is going to sell the car as fast as they can, which means they get less than it is really worth and any missing or damaged parts will make it worth even less.
What legal issues should a person consider before buying a owner financed house for rent to own?
Before buying an owner financed rent to own home be sure to have the contract checked out by an attorney. It is necessary to know what might violate the contract prior to signing.
What are 0 credit cards, and where can I learn more?
0% credit cards allow you to charge to your card for up to 18 months with no interest. However, after the 18 months, the interest on the remaining balance is huge. You should only get this card if you can pay off the balance in full before the 0% rate expires.
If a person is purchasing a mobile home is it legally to move and set up mobile home on property before mobile home is financed?
if the mobile has not been paid for (financed) you don't own it. Therefore you cannot move it.
