I know this question have been asked a million times, but I enjoy specifics!!
ok... so I originally financed a car worth $8517.08. The APR on it be 8.49% and $2002.12 was the nouns charge. This makes the total wage $10519.20. I put $3000 down, which left 7063.82 not here on payments. With the warranty we got on the vehicle, the payments totalled to 8517.08. My payments were supposed to be $175.32 a month for 60 months. I started making payments surrounded by Feb. 2007 and my car get totaled in November 2007. This system I paid 1577.88 so far. So minus our deductible, I be awarded $6159. The insurance company says I still hold to pay $700. My request for information is... Shouldn't I be receiving money from the nouns company? considering that APR stands for ANNUAL percentage rate and we would be paying off the vehicle earlier than thought due to the money that they received?
Answers: No you would not procure money back. the insurance company wouldn't clear more than what the loan is to the company.
The insurance company calls the lien holder and say "what is the pay rotten it the loan is paid today" The lien holder determines what that amount is. They would not include a intact year of APR, just up to that date.
The insurance company is also single going to pay the ACV-Actual Cash Value of your coup¨¦. If the ACV is lower than what your loan amount is, you have to settle the remaining amount to the lien holder. The insurance does not cover excessive finance charges.
No, you would not receive money from the finance company. Did you enjoy GAP insurance?
ok... so I originally financed a car worth $8517.08. The APR on it be 8.49% and $2002.12 was the nouns charge. This makes the total wage $10519.20. I put $3000 down, which left 7063.82 not here on payments. With the warranty we got on the vehicle, the payments totalled to 8517.08. My payments were supposed to be $175.32 a month for 60 months. I started making payments surrounded by Feb. 2007 and my car get totaled in November 2007. This system I paid 1577.88 so far. So minus our deductible, I be awarded $6159. The insurance company says I still hold to pay $700. My request for information is... Shouldn't I be receiving money from the nouns company? considering that APR stands for ANNUAL percentage rate and we would be paying off the vehicle earlier than thought due to the money that they received?
Dealership have not properly registered my motorcycle...
Answers: No you would not procure money back. the insurance company wouldn't clear more than what the loan is to the company.
The insurance company calls the lien holder and say "what is the pay rotten it the loan is paid today" The lien holder determines what that amount is. They would not include a intact year of APR, just up to that date.
The insurance company is also single going to pay the ACV-Actual Cash Value of your coup¨¦. If the ACV is lower than what your loan amount is, you have to settle the remaining amount to the lien holder. The insurance does not cover excessive finance charges.
What happen if i a moment ago...
No, you would not receive money from the finance company. Did you enjoy GAP insurance?
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