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73% of new car purchases are financed, according to this website:
http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
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∙ 15y ago
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Average amount financed for new car?
What is the average amount financed in an auto loan
If you financed a car can you later on trade it in for a new car?
Yes, no worries as long as that car has no defects and it is in good condition.
What credit score do you need to get a new car financed?
It varies according to the dealer.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
Does Chrysler offer financing on car purchases?
Chrysler does offer financing for new car purchases online. You can get more information on the financing available online at the official Chrysler website.
Calculate the total amount paid for a new car if the car costs 12489 and is financed at 3.5 percent interest for 5 years?
14674.58
Jean paid 18489 for a new car. Calculate the total cost of the car if she financed it at an interest rate of 3.5 for 4 years.?
21077.46
Jean paid 18489 for a new car Calculate the total cost of the car if she financed it at an interest rate of 3.5 percent for 4 years?
21077.46
You just got financed for a new car but in order to keep your new car you must voluntarily give your car back to GMAC what should you do?
You can't keep it and return it too, Reword the question and ask again.
Lemon Car law Pennsylvania's what is it?
The PA Lemon Laws cover new car purchases but not used car purchases, although there are national lemon laws and consumer protection laws that do cover used car purchases in Pennsylvania. The full Pennsylvania Lemon Laws are too long to list here, but info can be found in the related links below.
Will you be able to buy a new car if you let them repossess your current car?
You will not be able to immediately buy a new car if you are financing it because it will be difficult to get a loan. After some time has passed you should be able to get financed with a higher interest rate.
