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How Does A Bank Value A Car Loan?

Question by Sharon Tan | Posted in Credit

The value of a new car declines very without delay. How does the bank revalue such cars for the purpose of granting loans? Eg. a car costs $10,000 today and a bank lends this paper money. In one year the car is worth only $5000 but the loan is still 9000$.

Answer: hi
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Why Do Dealers Want To Know The Loan Value Of A Car Before They Invest In It?

Question by marketing101x | Posted in Buying & Selling

I was opinion about becoming an investor in used cars but I was wondering...Why do dealers after to know the loan value of a car before they invest in it?

What do they know I dont?

Answer: They fall short of to know how much money they can potentially make off the car....

Seems pretty straightforward. Before you spend in anything, you want to know what kind of returns you'll see.

Looks like you have a extensive

 
 

Does Anyone Know What A Loan To Value Is On A Car Loan?

Question by Searcher's Curious Account | Posted in Credit

I'm doing a homework apportionment and trying to research vehicle loan payments. But one of the criteria that the bank uses is what is called a "loan to value" some say 100% others say 90%. What does the 90% on a loan to value hope?

Answer: Loan to value means what percent of the value you may bum. If you buy a $10,000 car and the loan to value is 90% you borrow $9,000 and pay a $1,000 down payment.

From the lender's vantage point the higher the loan to value the riskier

 
 

How Do Factory-to-dealer Incentives On A Car Affect The Amount Of A Car Loan? Does It Lower The Asset Value?

Question by Stephen | Posted in Buying & Selling

Does the value of the car for the purposes of the car loan get set based on the cut-price value of the car, which is lower due to the factor-to-dealer incentive? Or does the new car memorize its true value regardless of the incentive? Thank you.

Answer: Works-to-dealer incentives are entirely different than factory-to-consumer incentives.

Plant-to-dealer incentives can take many forms. For example, a dealer CAN show in incentives on certain models at certain times in the mould of "marketing

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I Want To Payoff My Car Loan At The Kelly BB Value, Is This Realistic?

Question by EAsAreBoss | Posted in Credit

i have 17k liberal on my car loan, my car is BB valued at $11k. i've been paying towards the interest all this time (simple loan). A concubine of mine negotiated the payoff on her car by justifying today's bb value and they agreed. is there anything i

Answer: I don't suppose your friend negotiated settlement of a car loan based on blue earmark value. The value of your vehicle has nothing to do with your loan balance.

You signed a contract to borrow the hold price and repay over X years at

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Payment Credit ยป How to Find an Auto Loan For People With Bad ...

by owowonowo

Acclaim car loans. Continually, a wholesaler will advertise a car being sold at invoice. You see it on the TV and agree it on the disseminate, all the on occasion. This is because the trade can still turn into loads of dough on the financing deal. I’m not referring to in-quarter financing or buy here pay here car lots… I’m talking about habitual dealerships that submit your confidence dispatch is to “cue you” that you’ll have a perseveringly outdated getting approved. It makes you run for the “agreement” carrot. Run magisterial and you’ll get nailed with a higher interest valuation than you would have had to pay, had you been modish and got your financing elsewhere.

You see, the dissension between the interest appraise you are approved at (shopkeeper price) and what interest rebuke you are told you’ll have to pay (agreement selling sacrifice), is nothing more than PROFIT for the dealership.

This results in $40, $50, $100, $150, $200 dollar a month jacked up car payments for you.

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