The value of a new car declines very like a bat out of hell. 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 means. In one year the car is worth only $5000 but the loan is still
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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 philosophical about becoming an investor in used cars but I was wondering...Why do dealers longing to know the loan value of a car before they invest in it?
What do they know I dont?
Answer: They fancy to know how much money they can potentially make off the car....
Seems pretty straightforward. Before you inaugurate in anything, you want to know what kind of returns you'll see.
Looks like you have a yearn way
Where Can I Find The Loan Value Of A Used Car?
Question by partygirl75 | Posted in Buying & Selling
Basically what a pay for company uses to determine the amount of money they will lend towards the win of a used car. I'm not looking for a trade-in, retail or private seller value - things i can grasp from Kelly Blue Book or Nada. I'm looking for a computer
Answer: there is one on MSN, i have to find it mental activity will edit this post and report w/ a link..
*edit*
http://autos.msn.com/kbb/failure.aspx
it starts off w/ KBB but when you hit the next buttion you can pick everything
How Can I Esablish A More Acurate Loan Value For My Collector Car?
Question by JASON C | Posted in Other - Business & Finance
What I am looking for is equivalent to how a bank would finance you 30K for a 1960's car that the "book" says is benefit nothing. Granted my car is not that old but it has so much invested in it that surely there must be a way for me to establish
Answer: I as a matter of fact I think you will find it quite difficult to get a loan value on something that is considered to be worth nothing...but righteous luck!
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 responsibility 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 connote?
Answer: Loan to value means what percent of the value you may take. 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 attitude the higher the loan to value the riskier the
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What is a loan secured on car? | Compare Logbook Loans
by Compare Logbook Loans
A logbook loan is a loan on tap to people with very inferior confidence in background, and is a genus of loan secured on car or other agency. The car is adapted to as collateral so that if the borrower does not pay back the loan then the lender can put across the car to refund the readies they are owed. They do not engage the car during the loan, only the car logbook (the V5 registration chronicle.) This means that this is a no tribute halt loan and is therefore conventional with those who have very unfruitful esteem and have been refused a loan from a bank or other lender in the UK.
An unsecured loan is a loan that is not secured on any asset that you own. An warning of an asset is a billet, trade or car. Secured means that if you close up shop to recompense the loan the congress or car can be seized by the lender and sold in layout to get the legal tender they are owed. With these types of loan your car or nursing home might be at chance if you flag to requite the loan on in the good old days b simultaneously and in full.
Many people at go looking for an unsecured loan rather than a logbook loan as they are still rather unrevealed in the UK. In the US they are well advised of under the appellation entitlement loans . Many people looking for an unsecured loan are agonized about their flawed impute record so are attracted to the no acknowledgement verification standpoint of a logbook loan. If they own their own car, and it’s more or less plain of pay for, then they can get a loan secured on their car. These loans are expert and forthright and often presupposed in 24 hours.
