People Are Also Asking - Page 358

If the borrower passes away, the loan is typically discharged. The estate or the beneficiaries of the estate may be responsible for any outstanding balance on the loan, but the loan is no longer the responsibility of the borrower.

Elisa Hudson

Aug 23, 2023

If you should pass away while you still have an auto loan outstanding, your estate will be responsible for settling the debt. This may mean that your loved ones will need to sell the car in order to pay off the loan, or that they will need to come up with the money themselves. If the car is worth mo

Karen Morgan

Aug 23, 2023

If a car loan owner passes away, the loan is usually transferred to the deceased person's estate. The estate is then responsible for paying off the loan, either through selling the car or by refinancing the loan. If the estate cannot pay off the loan, the car may be repossessed.

Isobel Harding

Aug 23, 2023

1) When a person with a car loan dies, the loan typically passes to the deceased person's estate.2) If there is no estate, the loan typically goes to the person's spouse or co-signer.3) If the loan is not paid off, the car can be repossessed.4) There are a few ways to avoid this: through life insura

Stephen Puckett

Aug 23, 2023

When you pay off a car loan, you will no longer have a monthly payment. This may free up some extra cash to put towards savings or other debts. You may also be able to sell the car for more than you owe on it, depending on the terms of your loan. Finally, you will no longer have to worry about car p

Terri Martinez

Aug 23, 2023

1. Once the balance on your auto loan is paid off, you will no longer have any debt associated with the vehicle. This can be beneficial in a few ways - you will no longer have to make monthly payments, and you may be able to sell the car for more than if it still had a loan balance.2. However, there

Christopher Stanley

Aug 23, 2023

There can be a number of repercussions for not making payments on a car loan. One of the most immediate consequences is that the car may be repossessed. If the car is repossessed, the lender may sell it to recover the money that is owed. If the car is sold for less than what is owed on the loan, the

Lilly Sharpe

Aug 23, 2023

When calculating the monthly payment for a car loan, you must include the finance fee in the total amount. To find the monthly payment, divide the total amount by the number of months in the loan term. This will give you the amount you need to pay each month to pay off the loan.

Walter Whyte

Aug 23, 2023

If the balance of your car loan is paid off, the lender will release the lien on the vehicle. This means that you will regain full ownership of the car and the lender will no longer have any interest in it. You will also be free to sell or trade the car without the lender's permission.

Doris Smith

Aug 23, 2023

There are a few ways that you can reduce the amount of interest you pay on a car loan. The most obvious way is to make a larger down payment. This will reduce the amount you have to borrow, and will therefore reduce the amount of interest you pay. You can also try to get a lower interest rate from y

Kian Davies

Aug 23, 2023

There are several factors that influence the amount of the finance fee on a car loan. The interest rate, the terms of the loan, and the size of the loan all play a role in how much the finance fee will be. Additionally, the lender may also charge other fees, such as a processing fee or a late paymen

Nathan Reimers

Aug 23, 2023

1. One way to bring down the interest rate on a car loan is to shop around for the best deal. Different lenders offer different interest rates, so it's important to compare rates before you sign anything.2. Another way to bring down the interest rate is to put down a larger down payment. A larger do

Lilly Sharpe

Aug 23, 2023