Hey, When on a Lease/Financial Calculator when buying a car, what does "Estimated Trade Value" mean and how am i suppose to determine it?\n\nI went on the Mercedes Benz Website and was using the Lease Calculator on the ML350 (MSRP: $40,525)\n\nWhen i enter down payment as: 15,000\nEstimated Trade in Value: 10,000 (im taking a stab at what it means)\nLength of Lease: 48 Months.\nMiles Per Year: 15,000\n\nThe monthly payments come out to be only $31 a month...somehow i just dont see that as being correct...however if I change the Estimated Trade in Value to 0, the monthly payments is 269. \n\nI just want to know what "Estimated Trade in Value" is. My guess is: It is the value of the car when the lease ends.
213192
A TRADE-IN BASICALLY MEANS WHEN U TRADE ONE CAR FOR ANOTHER ONE, SO WHEN YOU ARE ASKED WHAT IS THE (ESTIMATED TRADE-IN VALUE) YOU ARE ESTIMATING THE VALUE OR THE COST OF THE CAR YOU'RE TRADING IN AND THAT GOES TOWARDS YOUR DOWN PAYMENT \nEXAMPLE: U PUT $15,000 DOWN PAYMENT\nYOUR TRADE-IN CAR IS WORTH: $10,000\nYOUR ACTUALLY PUTTING $25,000 DOWN PAYMENT\n\nAND THE WAY IT AFFECTS YOUR PAYMENT, THE MORE DOWN PAYMENT U GIVE, THE LOWER THE MONTHLY PAYMENTS ARE.
505075
it means that the amount will be added to the base price.  You will pay "112" no matter when you pay it off.  The exception to the is a "same as cash" option that say a furniture store may offer.
502719
I'm with fr_chuck, you can save the money (do not pay), and let it hurt your credit a bit. Otherwise you pay the price for a good credit rating and she keeps the car as a bonus. I am so sorry there are such users, liars and cheats in the world.
645486
milind_ , \n\nWill you make no payments on the $1,000 loan value(principal and interest) until the 20 years is up? And when you say the interest is 20% reducing, how exactly does interest rate decline/change during that period? If I know that then I can give you the answer. Cheers
492174
Dear Danicassa:\n\nI am not sure what you speak of. . .?\n\nEquity is not a price.  Equity in investing is the build up of your asset beyond the price YOU paid for it - or the loss you have incurred and therefore, lack of equity.\n\nFor instance, if you buy a home or property or make an investment for $100,000 and sell the property or home or investment for $200,000 you made $100,000 ABOVE what you paid or invested into it.  You got your money, originally invested, back. . .PLUS you got $100,000 MORE.  That is the asset growth, or Equity build up you have received.\n\nIf the home, property, or other investment goes down below the money you paid for it, there is no Equity at all.  You have a loss on your money.\n\nIn making an investment on property or home or apartment buildings, etc., the price you are asked to pay should be the "Fair Market" price.  This is found in COMPS and should be shown to you by the person/people you are investing through, or your Realtor.  Carefully choose your Realtor !  It is calculated by the median or average price of a like-property or home or building , within a radius of several miles.  What the average price of a like property has already sold for and is documented in COMPS.  It shows what similar properties have been able to receive for it and that is the "rule" that is applied.  YOUR investment should not be higher than what has been FAIR in that location.  However, you might get a bargain!  Again, it is called the Fair Market Value.\n\nWithin a fair market value price, the actual Equity build up for the person who sold the investment to YOU is unknown.  It sometimes can be provided by a Seller or a realtor IF you ask to know what they made on the sale to YOU.  But, they do not have to give this information.  The COMPS shows you what is legitimate in that area for that type of investment.  Also, Property Tax rolls show the value appraised by the City and what was paid for a property, I think.  You could possibly look back into the rolls and see what the present owner has been assesed at. (MAYBE see what price they paid.  Not certain.)  These rolls are available to the public.\n\nIn a General Partnership where you invest for a SHARE of a building or complex, you evaluate against COMPS whether the Partnership is being asked to pay more or less for that area with similar properties.  The Fair Market Value.  You would need the number of investors in the Partnership to divide into the overall price and see that portion you are expected to pay.  When you sell your share, you can calculate your portion of the Equity that will be ESTIMATED by the General Partnership for that neighborhood and similar properties within it.  A Realtor is best used for that.\n\nThe expectation on what the property may gain in Equity over a period of time - like 5 years - and what you could expect to receive on your share is calculated by the factors of :\n\n1.   Growth of Income (this includes if the property has a history of being fully rented out ; or a calculation of vacancies and the amount of time of vacancy on your units per year. (Revenue loss has to be included  - due to vacancy.) \n\n2.  Also, maintenance expenses, etc., including all expenses of upkeep through property management fees; gardening fees;  Utility fees; and property taxes per year to be paid. Also Miscellaneous expenses like re-black topping the driveway or parking area.  Window washing, painting, re-landscaping. \n\n3.   Also, the age of the building and what the age of the surrounding neighborhood is.  As buildings get older - they are less in demand.  Aging neighborhoods, receive less Equity build up - prices get held down by age - unless you invest in a prestigious neighborhood.  Included is the amortization of the equipment in a building or complex.  The Pool equipment, i.e., filter, pump, age of the pool and surrounding patio. (Concrete or brick work) ;  air conditioning unit, etc..  All these items must be listed for a p
472141
Problem 1: If a piece of real estate purchased for $75,000 in 1998 appreciates at the rate of 6% per year, then its value t years after the purchase will be f(t)=75,000(1.06^t). According to this model, by how much will the value of this piece of property increase between the years of 2005 and 2008? \n\nf=75000*1.06^3=89326.20\nincrease=89326.20-75000=$14,326.20\n\nProblem 2: The amount A in an account after t years of an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continuously?\n\n500*e^.05*10=500*e^.5=$824.36\n\n\n\nProblem 3: Find the number log5(1/5). \n-1
640310
If it's not completely paid off, then they will apply the negative equity (the amount you still owe) to the new loan.  The only way to do an even trade is to pay it off and then find a car that has the same worth (go to kbb.com)\n\nHonestly, I dont think you can do what you want to do.
493395
Sound fishy to me too.  I think they are trying to show an artificially high sales price to use to convince others to pay more for similar units than they would otherwise pay.  Even if it is legal, if you borrow the $50,000 in your mortgage, you will probably pay around $100,000 in extra interest over the life of the loan.
499246
Why would he sell his car without having another lined up -- and before asking you to borrow yours?  $250/month would get him a pretty decent car -- good enough to use for work.  Actually he could probably get an XB for close to that.  He will end up lowering the value of your car when he could have his own and pay the same amount.  I think it's a bad idea.
282362
I would recommend taking it to a dealer and seeing what you will get on a trade in for it. Take the money they give you and buy a 4 cylinder "beater" and take the remaining money and pay your bills. If you cannot afford to pay your house payment, you need to put it up for rent and move into an apt you can afford. Put the house up for sale while it is being rented out, that way you will not be responsible for something you cannot afford as the rent will make your house payment. Renters can pay their own utilities. That's the only thing I can think of. Or perhaps DEBT CONSOLIDATION would be a good option for you at this time.
435550
If it's too good to be true, it probably is" as the saying and you say.  \n\nYahoo! finance does not do this.  They state different companies do this, craigslist, ebay, google.  They are not a middleman.  \n\nWestern Union is your tip-off.  A person only has to have their name on the money and can pick it up.  They don't even have to show ID!    So if you send it to Yahoo!finance, care of Andrew Smith, he gets your money and there is no traceability.  Bye -bye money.  \n\nI would shut-off all contact immediately.  I played a game with an Andrew in the UK on craigslist about 6 months ago for a $40,000 car he was offering for $14000.  Same story as yours above.  I told him the only way I could pay him was with a certified cashiers check for $19000.  Use $2000 to cover shipping and I need to have the $3000 over that sent back to me.  I reversed the situation back on them as to what they were trying to do to me.  Never heard from him again, but I reported the e-mail address to yahoo at abuse@yahoo.com and to craigslist, who promptly removed the ad.\n\nAnd they can give you a tracking number easily.  "I have shipped the vehicle via Universal car shippers out of London.  Your tracking number is bs1423-34v-23fd-3432."  How do you know if that's real?  You are only going to check it when you don't get the merchandise.  \n\nContact a customer service person at Yahoo!finance and ask them if it's legit.
473914
She invests some portion of the 4500, call it x, in the 5% vehicle, and the remainder (4500-x) in the 9% vehicle.  She wants to earn 250 per year ... it depends on how often the interest is compounded, but since annual interest is the easiest I will assume that's what you'd use for your HW problem (unless you are in an advanced econ. class or something!).\n\nSo you have 250 = 0.05x + .09(4500-x), which you can easily solve for x from.
557153
Questions to resolve...\n\nHow much is the house worth? - Get an appraisal\n\nIs the 1000/mo applied to interest only?  Does it cover the entire amount of interest?  Will the balance at the end of a year be lower, higher, or the same?\n\nIs there a clause that will allow you to get out of the whole deal completely if you change your mind, or find out that the property is bug infested, or has mold damage, or is falling down, etc.?\n\nAsk the seller for a current title search evidencing the property is free and clear of all liens etc, except for the seller's current mortgage.\n\nThis could be very complex depending on the terms of the land contract (lease purchase).  I would contact a real estate attorney to make certain you understand and agree with all conditions.
349369
Its call a buy out fee.  If you have 11 months remaining, you are breaking your lease.  The 1700 deposit and the buy out fee will fix any damages and cover the rent for the next 3 months.  He expected 11 more months of guaranteed rent from you, so a buy out fee is your price to break the lease.  Its not bad concidering he could have charged you 6 months instead of 3.  Even if it does rent out in 30 or 60 days, its your penalty for breaking the lease, gives him time to clean, repair, and rerent.   It is NOT a reletting fee.  Its a buyout or penalty fee.\n I use a buy out fee of 2 months rent on my 1 year residential leases.
27600
I'm trying to do this like a basic math question, so forgive me if I do end up giving you the wrong answer. Firstly, I'm assuming that you're going to pay the deposit payment first right? Plus I hope that DP means deposit payment, because if I'm wrong you can just ignore what I typed below. I also assume that your 18% yearly interest would be divided into 12 months payment. Okay! We start!\nFirst, you minus the deposit payment of 144,000 out of the total price of 720,000, leaving you the balance of 576,000. This was already confirmed in your question. \nNext, you have to deduct the amount you pay for the first year, which is a total of 9,600 x 12 = 115,200. When you deduct 115,200 from 576,000, you get 460,800 left. With me so far? Okay, we'll move on...\nNow you have four years left to pay up, so basically you divide the balance of 460,800 between the four years. You'll get 115,200 per year. \nNow remember the 18% interest per year? You'll find that if you apply 18% interest per month, you'll get the same amount as calculated per year. So let's stick to calculating per month, shall we?\nRemember the 115,200 you have to pay each year? Now divide that amount by twelve (months) and then times the answer with 118%. Yes, 118%. \n(If you prefer using 18% and then adding that to the month's original payment, that's also fine. But it's the long way round)\nMeaning:\n(115,200 / 12 ) x (118 / 100) = 11328\nSo this means that you have to pay 11328 per month (interest already included)for the next four years. Got it?
613015
It's a tough decision, cuz no one knows exactly what the market will do now.  It sounds expensive to me, but I bought in a more rural area, so perhaps prices are different there.\n\nWhen you use comparables, I'd look at sold prices, not asking prices...I assume you are.  Also, look at VERY recent sales only, because something even 3 months ago was in a very different type of market.  Prices are definitely dropping, but rates are also definitely going up.  I'd make a lower offer and see if he takes it...like up to 20% lower, just to see.  I think it will be good to buy sometime now, but I like lower prices if you can get them.
91508
Edmunds has feature called "True Market Value" that might help.\nhttp://www.edmunds.com/new/2006/suzuki/aerio/index.html\n\nHere is an example for the 2006 Suzuki Aerio SX 4 door Wagon.\nhttp://www.edmunds.com/new/2006/suzuki/aerio/100640515/prices.html