Sentences with phrase «principal balance of the car»
A portion of the funds that are paid go towards the principal balance of the car's price, and the customer has the option of buying the car at the end of the rental term.
https://www.autocreditexpress.com/ Not exact matches
You can not really use these equations directly to calculate your note rate and APR, because your loan amount (i.e. your principal or amount financed) falls during the course of your loan as you pay it down, and as you pay off your loan balance your interest charges fall in accordance with amortization (again, you can learn how car loan interest charges work here).
This argument was rejected by the Inner House of the Court of Session in Hunter v Thomson and another (2004 Scot (D) 9/1) where the Sheriff Principal rejected the defendant's insurers» argument that the court could not be satisfied on the balance of probabilities that there was any diminution unless and until the car had been sold on at a loss.
Even the smallest tax refund can help pay a portion of outstanding debt, like a mortgage, car payment, credit card balance or student loan, giving your principal power over high interest.