what does  "Estimated Trade In Value" mean? and how does it affect payments on a car (leased).?
470389
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.
853490
You should ALWAYS have GAP insurance on a new car, whether you lease it or not.\n\nRemember that if you lease it, you are totally responsible for not only maintaining it but protecting the asset from total loss.\n\nThe leasing company or the owner will require you to pay back the value of the car if the car is totalled.  \n\nBut the value of the car is all you will get from your insurer if the car is totalled.  If the lease is not satisfied from the amount your insurer gives you, then YOU have to come up with the rest.....unless you had GAP insurance.\n\nSo you need it regardless.  It always protects YOU from having to pay the bank or lessor in the event the car's actual value is less than what it's financed for.\n\nBut also.....you'd never need GAP insurance if you as a consumer do a better job negotiating the price of the car from the dealer in the first place.\n\nThe very need for GAP insurance points out how badly you were are getting a fair price for the car.\n\nOne way to avoid it, is to buy cars that have a high resale value.
1095688
Sure, in a lease option it's called an option payment, in your case it's probably a non refundable contract fee or earnest money that would be credited to you when you complete the sale..\n\nSomething like that would be common.\n\nGood luck
658407
Find a local dealer and ask him how he determines the worth. At the very least, ask him for grading help, and then you can use an online resource from that point once they've been properyl graded. Don't ask him what he'll give you, as he'll shave 30-40% off for his margin.\n\nHoep this helps!\n--J.
287952
Lease - I see it two ways..., one..., you get 100% of the tax deduction if you are a business..., second..., reduced payments...., but of courses..., at the end of the term..., your buy out may cost more....
205150
There are a couple of ways of looking at this.\n\nSuppose they are leasing the car for you, at $350 per month, and covering all expenses, including gas. Let's also assume you use the car 60% business, 40% personal. Then you're earning:\n\n1. The lease cost: $140 per month;\n\n2. The monthly insurance cost: If your premimum is, say, $800 per year, then that's $27 per month;\n\n3. If the gas tab for all uses is $40 per week, that's $70 per month;\n\n4. If you figure an average maintenance cost of $300 per year, that's $10 per month.\n\nFor a grand total of about $250 per month, or about $3,000 per year, if you figure it on your actual use of the vehicle and what percentage of their costs you are using for your own purposes. That's how the IRS figures your taxable deduction for a business car that's also used for personal stuff.\n\nOr, you could look at it this way: Take the total cost of operating your car last year. If you had a $300 per month payment, $800 in insurance, $800 in gas and $500 in maintenance, then you're getting an extra $5,700 per year in salary.\n\nOr, you could compute it the way the IRS would if you used the mileage-based system of auto reimbursement: They allow you to take 40.5 cents per mile for business use.\n\nSo, if you put 5,000 miles on the car for personal use in a year, you've gotten $2,025 in extra salary.\n\nIt's also important to note that since you are receiving this as a fringe benefit, it's not taxed.\n\nFor example, let's suppose your 2005 adjusted taxable income is $45,750 and you file single. You then owe the IRS $8,109. \n\nIf you add $2,500 cash to that, making your taxable income $48,250, you owe $8,734 -- a difference of $625.\n\nSo, if you got $2,500 worth of car use from your employer, it's like getting another $625 on top of it -- because that form of compensation isn't taxed.
1105322
Car payments, no, assuming you own the car.\nHowever, you can deduct a proportionate amount of the interest on the note (or lease payment if car is leased), maintenance, repairs, gas, insurance, taxes etc.  The ratio will be your business miles divided by total mileage for the year.  If you have not (or do not) save your receipts, you can elect to use the standard mileage rate (changes each year) and apply that to your business mileage.  However, if you choose to use the actual expense method, you have to use that method as long as you have the car or are in that business.  You will have other issues as well if your business usage is over 50%.  I personally suggest people use the mileage rate since the record-keeping is easier and, unless you are driving a luxury auto, the deduction is typically higher.
198604
in our country,yes,so when buying or leasing property make sure you check first.if you bought a car and it had many outstanding fines on it,you would be liable.
1008568
i think any late payments dont show up on car credit.. im really not sure but good luck with getting a new car :)
193234
if you were deducting expenses or depreciation for the car on your tax return, then yes.\n\nif you are in a trade or business of selling cars, then yes.\n\nif it is just a sale of your personal vehicle, no.
441567
The best time during the month is towards the end of the month. The dealers are either trying to make their quota or trying to get their bonus so they are more likely to give you a good deal. Also, if you do not mond getting this years model as opposed to next year, you can get killer deals after june because the dealers will be trying to get rid of 06 models because they are getting 07 models in already. \n\nCheck site below for info on cars, models, pricing and options, the better informed you are before going to the dealer, the better deal you will get.
743857
The purchase agreement needs to have a clause specifying that the terms are contingent on financing.  If not...you may be in trouble.
826413
the varible is 6500, at lease i think ummm but if you have no other sorces don't blame for for gettin an F- lol,\n\nBtw i feel speacail 'm the first question you answered
1034053
You basically pay more for the car than the selling price - the new amount financed is the price of the car plus the excess loan amount, added together into a new loan.\n\nYou should really keep a new car that is on a loan for at least 2/3 of the loan period and you won't get in this situation.  If you are paying too much interest, make about $40 more in principal payment per month and you will pay the loan off sooner and incur less interest.
288726
The other party has to sell you their share, go to where the cars title is owned, have the other party sell you their share for $1.00 and they can sign over the title to you.\n\nAt that point, the car is now your debit so don't expect them to make any payments.
278364
trade relates directly to balance of payment by demand. when demand is high trade can allow delayed payment or indirect payments thst eventually decrease the "balance of payment" at a faster rate(interest, barter, etc.) the reverse in true when demand is low.
914092
What kind of lease. Vehicle, property, business.\nI cant see how owing money every week to someone for something can be deemed as an asset, unless its business lease say a hotel or something. This you would be able to sell on.