How do car dealers calculate interest rates?

How do car dealers calculate interest rates?

What other numbers are they using to come up with the monthly payment. Its not as simple as the loan amount multiplied by the interest rate devided by the # of months

Related :

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Is quoted rate and APR same?

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Finding APR for Financial Management class?
Bob will loan you money on a four-to-five arrangement, i.e. for every $4 he gives you today, you give him $5 one week from now. What is the APR for this loan? I can’t even begin to figure out how to get this answer. I thought you need to know the length of the loan first? My teacher seems to believe this is enough information though, so there must be a way. Help please! I am trying to review for my final, so I really need to know how to do this.””
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Why does applying for loans hurt you credit? i dont understand it seems unfait….?
to get credit you have to apply for things like credit cards student loans and such. but im being told it can also effect w/e credit you have if you apply for to many what the F gives!?!?
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Can i get a second car loan?
I hope someone can answer this one for me. I have 1 car loan already but my wife now needs a car so we need to have another car loan. Do you think i could get another loan approved with me as primary applicant and her as a co-applicant?? We both have credit score of 700+, income of $100K+ combined, good credit history. I need to be primary applicant so i can register the car in my name as she is from PR and has not transferred to a US license yet so she can not register the car. Any advice as to the best way to go about this would be great!! Thanks””
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Chapter 13 bankruptcy rules how many months to repay my debts?

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Is it possible to still file chapter 7 bankruptcy in Missouri?

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What is the best way to combine mortgage and credit card debt?

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Online short term loans?
Are there any reputable short term loans available online I dont want a payday loan or another scam
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If you file bankruptcy will they take your car?
If you file ch. 7 do they take your cars, paid off old cars, worth probably $2000 together? And also, what happens with your tax return if you get one, after the case is filed, do they take that too? Filing bankruptcy this month, will file taxes in March ‘11.””
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I need my credit score…how do I get it?
Should I use an online service? Go to a bank? Is there any other way to get it? I dont want to be a member of anything or pay a ton of money! Thanks a bunch!!
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When do you have to move out if you surrender your house in a CH 7 bankruptcy?

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“”If i file for bankruptcy, and my car is bought under my wifes name, what is going to happen to my car?
As well as my/wifes jewelery?
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Where’s the best place to get a car loan if you don’t use the dealership?
My husband and I are going to be buying a car probably within the next week and he wanted me to find out if there were better places to finance the car loan than the dealership you get the car from. Any help, please? TIA””
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“”I need to get a loan for quite a lot of cash , but every lender wants it to go through a solicitor?
what excuse can i use to the solicitor for this???
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Quick question on increasing my credit limit…?
Ok. Thats what I was thinking. I think I’ll just bite the bullet and do freecreditreport.com to see what it is, just so I can know where I stand. Hopefully my credit has gone back up to the 700s. I wasn’t expecting anything better than like $750 or maybe even $1000 from increasing my limit. I am aware $1.5k is a stretch. Thanks though!””
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How can I check my credit online?
I live in UK and need a free credit report. best answer 10 points!!!!!!!!!!!!!!
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Is this payday loan site legitimate?
paydaycashadvanceloans.biz
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Where can I get to check my credit report?

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Aren’t property taxes included in the mortgage payment ?
I just got in the mail a bill for my property taxes but I thought my taxes were included in my mortgage payments. I thought I had my taxes and insurance impounded( included in my mtg payment ) Does anybody know ?
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“”When applying for a home loan and they ask for you debt ratio, which expenses do they mean?””
just my auto loan and credit cards or other expenses as well like my dry cleaning, my cell phone bill, my gym membership..?””
“How do car dealers calculate interest rates?

What other numbers are they using to come up with the monthly payment. Its not as simple as the loan amount multiplied by the interest rate devided by the # of months

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Q about AUTO LOAN for grad student to buy car from private owner- my chances of being approved?
Here’s my pofile: — 25 years old, just finished my 2nd year of Medical School (full time student, so no job) — might be buying from a private owner- 2003 Toyota Matrix, for $8000 dollars, with a $1000 down payment (car has 47,000 miles, 2nd owner, no waranty) — i’ve had a credit card since college that is almost maxed out (about $300 away), but i’ve been making good on my payments. the only problem is, about a year ago i went OVER my credit line because even though i made a timely payment, the interest at the end of the month caused me to go over. — i’ve never gotten my credit history checked (never gotten a credit score), so im nor sure of my standing what are my chances of being approved for a $7000 loan from my bank (PNC bank)?? ANY and ALL help is GREATLY appreciated!!!!””
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“”I need a credit card, have bad credit, I’ve tried all the bad credit, credit cards.?””
I want to get everything together and the only way I see is to get 1 credit card, pay on it, and in the meantime payoff my outstanding debt. All are closed, and in collections. I have on company that has two of my accounts, and they are only taking 25.00/month on a total balance of more than 14,000.00 at 29% interest. It’s discusting. If not, I will file bankruptcy and have nothing for 7 years, at that point I’d be 31 years old, and how would I get a card then? I’d be in the same boat I would think.””
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Personal loans?
i live in the US and i have already tryed the payday loans
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Where can I get an auto loan with my situation?
I don’t know if anyone on answers is an auto loan guru but I’m trying to figure out where I’m most likely to get accepted for an auto loan without applying everywhere and making my credit take a dive. I’m 20 years old so my credit history isn’t that great in terms of time. I got my first credit card in October of 2009. My credit score is about 740 but I know some companies don’t just look at the number but everything that goes into it also. I’ve had an auto loan in the past (which my mom had to cosign on). I got into an accident, totalled the car and the insurance paid the loan off (not my fault btw haha) so I do have a history of auto loans. Will that help make up for the short time that I’ve had credit? Another problem is my annual income. I’m a college student so I don’t have much time for work and I only make about $6000 a year. Granted, the cars I’m looking at aren’t any more than $8–9000 but it’s still not a lot. I always ramble in my questions…anyway, do you know any auto loan companies that would approve someone in a situation like mine for a loan?””
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I’m in the military. What is my best option for getting approved for an auto loan?
I’m in the procees of rebuilding my credit. I currently have NO credit score. In 2005 I was financed through GMAC and a friend totalled my car. I went to boot camp soon after before I could handle anything. There was a mixup with the insurance company and the vehicle was written off as a total loss on my credit while I was there. I don’t owe any money on it, but it hurt my score. My score went from 5 something back to nothing. So its like I’m just beginning again I suppose. I’m just trying to figure out what my best option is for getting the best chance at financing another vehicle.””
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Any good and well trusted site which provide Virtual Credit Card for PayPal?
I want to know some good sites which give VCC to verify paypal. Also tell me how to get the expuse number(paypal verification code) after adding the VC Card from that site? Thanks
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What is the best strategy in dealing with creditors when you are 90 days past due on all of your bills?
I don’t want to declare bankruptcy, and can now afford my previous payment schedule. But for the last three months have been out of work. I now face thousands of dollars in late fees and late payments. I have no documented income now, I work piecemeal, but have the funds to do minimum payments. Where do I start? I tried calling one credit card company, they wouldn’t even consider negotiating with me until I was employed with a regular paycheck, which isn’t how I work.””
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Are there really any true payday loan sites on the web?
I have been searching and searching for a payday loan, but the problem I am running into is either they state at the bottom of the page: *The operator of this website is not a lender.* or they don’t state it and then they send you to another lending site that says the same thing. I have only found two so far, but I don’t meet the requirements. The two I found want me to have had my checking account for 2 years or more, and they want me to have had my address for 2 years or more. “”
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Home loan rate option?
I am a first time home buyer and my loan agent asked my wife and I which option we want to choose the first is 1) Lowest interest rate available with no points and a credit towards closing costs such as 3.250% rate (credit of 1.326% of loan amount) and the 2nd is 2) A higher rate with a larger credit towards closing costs: rate at 3.750% with a credit ( credit of 3.700% of the loan amount) and the 3rd she said is 3) Interest rate somewhere in between and (credit in between), depending on the market on the day that you lock in your interest rate. I am totally unsure and confused which would be the best one to pick. Addtional details: Loan amount = 560K Term = 30 yrs Type = FHA Can someone please help and explain. Thanks in advance””
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24 year old mother needing to file for bankruptcy?
Things to understand: — My husband is in University Part time and works from 1pm-10pm each day including Saturdays. He cannot get a second job because he has to be in school/studying the rest of the time. He finishes in April for good. — I cannot do anything more about it. My MIL can watch our daughter some of the time but I cannot find any part time work. I have gone to agencies, applied online and in person. — I went to an agency to consolidte for 3 years and it costs $500 per month which I don’t have. Our rent is $1300 per month so after my husband’s debt payments, our rent and household/family billls we are left with about $200. That doesn’t cover my payments.””
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How much does bankruptcy cost if you hire a BK lawyer??
And can I file chapter 7 for a $2000 medical bill and a $5000 + god knows how much in interest for a judgement for lawyer fees when I lost a case 5 years ago? Or is it possible I can file on my own and save the lawyer fees since I don’t have much money?????
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American Literature ! I need help?
Here are the stories you may choose from: Cub Pilot”””” “”””Barrio Boy Excerpt”””” “”””No Gumption”””” “”””I Know Why Exceprt”””” Select one of the memoirs from this unit and explain its theme. Support your answer with at least one example from the story that illustrates the theme. Which narrator do you think faces the most significant conflict? What is the conflict that the narrator faces? Is it resolved satisfactorily? Why or why not? Use details from the story to support your answer.””””””
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Are Urban-vintage.com and Promgirl.com reliable sites?
I meant unique-vintage
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Do banks have a cap on the interest rate they can charge on a auto loan?
also what is normal rate for a person with bad credit. I was charged 33% on a new car ,is this normal,can I do anthing to lower the rate.””
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“”Need a payday loan, but dont want them conferencing my bank, does anyone know of some that still require a fax?””
need a payday loan, but dont want them conferencing my bank, does anyone know of some that still require a faxing, so i can fax the info rather than three way my bank??””
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Looking to pay off early a auto loan will this adversely affect my fico score?
I am not looking for a quote I know what my vechile will sell for . It is a 2009 acadia 8000 miles put down 22 grand pay off is low . I am hearing to many negatives about paying off an auto loan why ????
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“”Need a loan shark in Melbourne NOW $15,000?””
need it asap! willing to pay back $25,000 over six months, plz help””
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How long does everything stay on your credit report?
I know that bankruptcies are 7–10 years and major delinquencies are 7 I believe; Inquiries are 2; what about…accounts that you have closed, in the past, or that are closed by grantor? Do those ever come off? I’m asking because if I see accounts that are closed but about 10 years old on my credit report, and it didn’t fall off yet, can I get it removed? I don’t want certain things to be on my credit report, especially if it may be negative information. If a credit card closes your account, is that considered a negative, even if you did nothing wrong, and they just closed it because of the economy or whatever their reasons are? Is that treated as bad as a delinquency or what not? Also do things automatically fall off, or do you have to call in and get things removed?””
“How do car dealers calculate interest rates?

What other numbers are they using to come up with the monthly payment. Its not as simple as the loan amount multiplied by the interest rate devided by the # of months

What other numbers are they using to come up with the monthly payment. Its not as simple as the loan amount multiplied by the interest rate devided by the # of months

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Where can i get a free credit report?
ok i know there are real ones out there, not the ones where you sign up, give your CC see your score and then have to cancel. I know there are ones not like this. Please help, seeing what activity would be good too.””
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Need help with matching defentions for?
Match the terms to their correct definition. 1. average daily balance excess amount paid over the cash price 2. carrying charges fees associated with taking out a mortgage 3. closing costs a check which can not be covered by funds in the account 4. credit amount of money received when money is borrowed 5. credit card loan in which the interest is paid in advance from the sum advanced 6. discount loan average amount owed for each day of the billing period 7. down payment price paid to use someone else’s money to make purchases 8. finance charge an arrangement of quantities whose positions are based upon the natural numbers 9. fixed rate percentage charged for a unit of time 10. interest initial cash payment 11. interest rates fee charged for delaying payment 12. mortgage a loan based on the value of the real estate it is used to purchase 13. overdraft financial instrument that allows you to take out a loan from the credit card company to make purchases 14. previous balance total amount owed on the account at the end of the previous billing cycle 15. proceeds based on the belief a person will pay his obligations 16. sequence amount owed on the account after payments and credits have been subtracted from the previous balance 17. unpaid balance interest rate tied to an index that may change 18. variable rate interest rate that does not change””
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I have an Equifax credit score of 591. Do I have any chance of getting a car loan or refinance?

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Do you need to view all 3 credit bureaus report in order to find out how much you owe?
from myfico equifax I owe nothing… so am I clear or what? What do I need to do in order to make sure?
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Do you think borrowing money’s bad?
Why?
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Anyone know the cheapest credit monitoring site?
$14.95 is ridiculous to me. Anyone know a place with a cheap annual rate?
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Are there sharks in cyprus?

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“”I am unemployed since November, should I cash in my 401K to pay my 401k loan as I will not be able to afford?””
I was severed from a 75,000 yr job in November…I will not be able to make payments to my 401K loan totaling almost 800 dollars a month…Should I cash in my 401 to pay off the loan and pay the penalties and taxes this year, or wait till next year… What I am concerned about is that next year might be bad as I might not get a job so easily being over 55 years old. I have just enough in there to break even with all the penalties and taxes…so my question Should I break it before the new year or wait till January””””. Thanks for your help.””””””
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“”Can anyone recommend a good Bankruptcy attorney in Stockton, Ca? Or recommend a good website that can help?

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How can I find out my account numbers?
Ok I dont have the old bills which is my problem and as far as freecreditreport.com no kidding they are going to charge me a fee that is for there service da. I want to monitor my credit not see my report once a year. Just because they advertise doesnt make them sleezy get your head out of your ***
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Why would an employer want a copy of my credit report(scam?)?
I applied for a job and in order to get an interview they want a copy of my credit report saying that it is a preventative measure to stop illegals from taking the job.
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How can you register for a porn site if you are under 18 without your parents knowing?
So I’m only 17, but i want to register for this porn site online. It says i either need to use a credit card, or an online check. I can’t use my parents credit card because they would not let me use it, and i do not have my own credit card. How can you write an online check? Do you need a banking account? Would my parents find out? I really need to know, please help!!””
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How do I get a free credit report

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Is getting a secure credit card worth it?
I’m 25 years old and I have tried getting a car, credit cards from department stores, etc and every single time I’ve been told that I have insufficient credit history. How am I supposed to get credit? I have one item in collections, that’s been in collections for years because supposedly I owe Sprint over $500 but every time I call them they can’t tell me that I’ve even had an account with them. So I just give up and move on. I was told that I could get a secured credit card through my bank and that would help. Is that true? If anyone could point me in the right direction of getting information on a secured credit card (What it is, how it works.) I would appreciate it.””
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What is the best way to dig myself out from under high interest payday loans?
I got a high interest payday loan a while back. The weekly payments on that loan reduced my weekly available funds, causing me to need another loan in order to pay my bills. This hole has since gotten much deeper. How do I get out from under this debt? I would like to avoid bankruptcy if possible.””
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Who is the best LOAN lender ?
i am a forginer and i want to take a LOAN of 3 Million USD can anyone let me know real (Not a scammer) a real LOAN lending company or a lender ? friends i went all the net and all are scammers please let me know a good LOAN lender for me please (Give me there contact details or email address) Thanks Friends
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Will checking my credit score now reflect poorly in the eyes of a lender?
My husband’s credit score is being checked today by our local bank. Everything we gave information for makes us pre-qualify for a USDA loan, but the only thing the woman at the bank needs to verify is that his credit score is at least 640. I’m losing my mind waiting for her to call us back! She said she probably wouldn’t get back to us until tomorrow. I haven’t checked his score in a couple months — -and when I did, it was about 640. If I found a free credit report website today, would checking his score at the same time that a bank lender is checking it look bad?””
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I’m lookimg to get a FREE credit report?

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What is the difference between stop making payments to credit cards and bankruptcy?

“How do car dealers calculate interest rates?

What other numbers are they using to come up with the monthly payment. Its not as simple as the loan amount multiplied by the interest rate devided by the # of months

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