Sentences with phrase «vehicle loan example»

Not exact matches

For example, Tesla plans to let its customers to rent out their vehicles to pay off car loans and earn extra cash.

They specify loan amount and purpose, for example, vehicle or furniture purchase, debt consolidation, home improvements, and others.

For example, if you take out an auto loan, your auto financing is usually secured through the title to your vehicle.

Equity loans, for example auto equity loans, are based on the value of your vehicle.

For example, if you totaled your car and the amount of your loan was 20 % greater than the ACV of your vehicle, then all of the CRA funds will be used to pay off the loan and your gap insurance would be unused.

The official receiver may allow you to keep making the payments to the logbook loan if the vehicle is essential, for example:

Private student loans should never be used to finance vacations, purchase new vehicles, or plan a wedding, just for a few examples.

In chapter 13, it is possible to keep these unexempt assets IF the debtor pays the creditors the value of the asset through the chapter 13 plan.For example, say a debtor is using the New York exemptions and has a car worth $ 10,000, with no loan, and can only exempt $ 4,000 under New York's motor vehicle exemption.

For example, if you get a loan to buy a vehicle through your credit union and you also have a credit card at the same credit union, the vehicle may also be used to secure the debt on the credit card, making it more difficult to sell or trade assets.

To get a car title loan, you give the lender the title to your vehicle — for example, your car, truck or motorcycle.

GAP would step - in to pay your auto insurance deductible (up to $ 1,000) and the deficiency between the value of your vehicle and the loan payoff - for a total of $ 5,000 in this example.

In this example, it costs less to withdraw from the CD, and, ideally, you would put the money you save each month from not paying off the loan into a better savings vehicle, such as your 401 (k) plan.

In this example, we are looking at a 48 - month loan for a used vehicle that costs $ 20,000.

For example, when you buy a house or a car you are using a secured loan with the property or vehicle as the collateral.

In this example, the borrower used the bridge loan as the primary financing vehicle to purchase the property.

For example, for a $ 10,000 loan on a new car, at 5.930 % APR for 60 months, you will pay $ 193.01 a month for the term of your loan during Phase 1 prior to the purchase of the vehicle.

For example, if applying for a small loan to replace a very expensive appliance, you may consider putting up a paid - off vehicle as collateral.

For example, if you take out a car loan on a vehicle that you use for both business and personal reasons, part of the loan interest won't be deductible.

An example of a short term personal loan is a title loan where you borrow an amount secured by the title to a vehicle you own.

Common examples include a vehicle for a car loan, or a home, as with a home equity line of credit.

For example, if the debtor has fallen behind on car payments the company that provided the car loan (the secured creditor) can take the vehicle.

So an auto loan, for example, could not be included because the creditor could legally repossess the vehicle.

For example, when deciding the size of the loan, you can get a lender may consider your level of income and the current market value of your vehicle.

For example, if the vehicle owner knows that the person to whom they loaned the vehicle has a history of traffic accidents, or if they were intoxicated at the time they handed over possession, limitations on liability may not apply.

For example, if you are required to purchase specific coverage for a vehicle due to the contract you signed for a loan, then you will need to use the requirements of your lender as the starting point for your coverage.

For example, a healthy credit score can greatly affect what interest rates you'll pay on major purchases such as a vehicle or home loan, as well as increasing your eligibility for lines of credit when you need it.

For example, if you totaled your car and the amount of your loan was 20 % greater than the ACV of your vehicle, then all of the CRA funds will be used to pay off the loan and your gap insurance would be unused.

If you lease or finance your vehicle, for example, your leasing or loan company may require that you purchase both collision and comprehensive car insurance in order to qualify.

For example, if you're worried about ongoing car loans burdening your spouse, just hold a 30 - year term policy and keep buying your vehicles every 5 years.

For example, if you recently purchased a car for $ 30,000 and took out a loan for that amount, the car likely lost 20 percent of its value just after you drove it off the car lot, because this is the typical depreciation amount for vehicles.

For example, if both spouses» names are on a vehicle title and loan, and the court awards the vehicle to one spouse, that spouse will likely need to change the vehicle title with the state motor vehicle department — and refinance the vehicle loan to remove the other spouse's legal responsibility to pay the loan.