It means the principal amount on the loan plus interest to date becomes immediately due and payable .

I am Barbara Ward from New Jersey here in USA, if you need loan then contact World Wide Loan Firm cos that is where I got my loan from a while ago without credit check and low interest rate of 4% without cosigner, you can contact them with this email worldwideloanfirm@live.com

I am Cherry Williams from Iowa from USA if you need a loan I advise you to contact Henry Melvin Global Loan Firm cos that is where I got my loan from a while ago without credit check and low interest rate of 4% and there was no cosigner, You can contact them with this email henrymelvingloballoanfirm@gmail.com

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I bought a new car that cost $ 20,201.00 at 2.4% intertest for 60 months. what is the maturity value of the loan ?

You'll be paying $21,457.20 over the five yeqar loan period. You should check out "GAP" insuurance on this car. You'll likely be upside down on that loan after the third year. This means that you'll owe more on the car than its book value. The car will lose about 20% as soon as you drive it home. That's the dealer's profit margin which isn't taken into consideration on the book value. The original owner of the new car always takes the hit onbuying a new car.

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I know it'll sound stupid, but i'm really confused. i've never paid a car off on regular payments, we have just paid a big chunk early and paid it off in one 'swoop'. we financed our car for about $24,000 total. we've paid for 4 years and our payoff is about $12,000 right now, with our maturity date set at 5/2012. so how is it that we've paid $12,000 in 4 years and we're magically going to pay off the other half in only two? does the interest rate drop at a certain point? i didn't see this anywhere in our paperwork. i'm just really baffled by how this works. thanks for any help!

When you first get a loan most of your payments are applied to the interest of the loan. You might have paid about $1000 - $2000 a year toward the principle for the first couple of years. The rest was applied toward the interest. By now with only two years left, all of your payment will go to the principle of the loan. The actual cost of the car.

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I have a car loan that i owe $2700 on and there's only 10 payments left. it's a zero interest loan so i'm not paying it off to save on interest, my credit card balances are extremely low and i have plenty of cash to pay the car loan off. now my question is what will be best for my credit score, let the loan go the remainder 10 payments or pay off now? maybe it won't matter? i have another car payment on my credit report because it was a co-sign for my brother and he's completely faithful with his payments and pays more than minimum. i'm also possible getting a business loan soon so i want to do what's best for my credit score. if my credit score won't be impacted by paying my loan off early then i'd rather to that to have less liabilities when i apply for another loan. thanks for your advice! my brother has talked about selling or trading in his car but i can't count on that. my score is 760+ right now and i don't want it to lower if i pay off my car loan(which is a 72 month payment loan, only 10 left). my thought was because there's that second loan i won't go from two payments to none which i've been told could be bad but i'm not sure how reliable that is. i was also hoping that if i pay my loan off it would help with my interest rate on a new loan.

Your credit score will not improve with a paid off loan. But.. a future lender will see less debt with a loan paid off and better qualify you. Dissapointed you co-signed with someone. The lender will see you 100% equally responsible for this debt and it may reduce the amount of loan you will qualify for. With any loan it is good to have 1 or 2 years worth of payments to establish your credit . Once the loan is paid off, it will reflect positively on your credit reports for up to 10 years. So, never try to delete it for the sake of having shorter credit reports. Could you ask your brother to re-finance the car in his name only? Without this debt on your credit reports you would more easily qualify for a higher loan amount.

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I am 23, almost 24. i wanted to buy a 2013 corolla s. it costs about $16,800. with taxes it would be $18,700 and with financing it would be around $19,500-$20,000. i have $4000 cash. i am self employed and made about $26,000 in 2012. my business is growing (30% growth from 2011 and will grow over time.) i also work with a transportation company taking patients to their appointments and also work at a brick and mortar store for 2 days a week (just extra cash) so i basically have 3 jobs, all hard to prove income other than doing my taxes at the end of the year. i am looking for a 60 month loan. i have enough cash to make my payments.... i just dont have a lot of credit history. my credit score is 722 by experian. i just barely started working for the transport company in the last 3 months. my estimate for my earnings for the 2013 year is around $35,000 - $38,000 do i have a good chance of getting a loan?

1) NEVER take out a 5 year car loan. If you need to because you cannot afford a shorter maturity loan then you cannot afford this car. 2) No credit history = no loan 3) You will not get the loan.

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the maturity date for my auto loan is 1/2012... i just didn't know what would happen if the car wasn't paid off by that date?

Why would you be paying on a loan past the maturity date (final payment date) unless you missed a few payments? A car loan is a fixed amount of money, borrowed at a fixed amount of interest for a fixed amount of time with payments due every month on a fixed date.

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Hello i have a gic with bmo that matures on mar. 15, 2018 for 28,502.50 i would like to pay of my current car loan the day or a few days after its maturity date, i would like to do this because i am in fear of losing employment or a substantial amount of hours that i am receiving from my current employer(s) i am also in fear of having a bad credit score from not being able to pay off the car loan i would like to know if i am able to do this and if it will affect my credit in anyway the car is 29 thousand and the loan is from scotiabank in bc canada lucas thiel i have been paying 186 bi weekly i want to know if i can not make payments now and pay it all off at the end of the 5 year term

You can always pay off a car loan early. Call the lender and get a payoff amount, this will be less than the total of payments due because you will be saving a considerable amount in interest. If you were to sell or trade the car, it would have to be paid off before the bank released the lien, this is no different

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I just recently started noticing how much closer we are to paying off both our car loans and one of them says a maturity date the one confusing thing is that with putting payments on the end of the loan a few yrs back i still have like 6 payments to go and the date says next month what does this mean there is no way im gonna have 3000 to 4000 by the end of next month we live pay check to pay check

In finance, maturity or maturity date refers to the final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid. Call your loan broker

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It means you have to refinance. Meaning you have to take out a second loan at a whatever rate you qualify for for however much more money you need. So if you intially took out a loan for say $20,000 and at maturity you only paid $13,000 . You need to re-finance a loan for the remaining $7000. They'll check your credit score, fianances again and give you a new term, probably 2 years or so to pay it off.

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I currently have an installment loan for a car. it is as follows: principal balance: 5,323.45 interest balance: 16.56 estimated net payoff: 5,490.01 original loan date: 09/08/2008 maturity date: 10/08/2011 current interest rate: 14.2000% one day's interest: 2.07 amount due: 08/08/2009 228.02 last payment: 07/01/2009 230.00 interest paid 2009: 470.53 interest paid 2008: 220.74 my question regards the interest balance. is the balance of the interest (16.56) the last amount of interest i have to pay before the rest of my payments go directly to the principle? or is that how much interest that has accumulated for each day so far? also, how is this applied? 14% interest on a 6,700 loan is about $950. so, would it help me any if i started paying this off in huge increments of $2000 a month? any help is appreciated. i know the rate is high, but you have to bite the bullet when you haven't any credit. thanks.

That is the interest you have accumulated since your last payment. Notice the line "One day's interest", that's how much the total you owe amount goes up every day. Since this is calculated on the current principal balance, the daily interest amount will go down as the principal is paid off. That's why they have the line "Estimated" Net Payoff. The actual net payoff (principal + interest) will be different depending on what day they get your payment in hand. Would it help if you started paying off the loan faster? Accelerated payments always help. The quicker you pay off the loan, the less interest you pay! Paying it off on time or early also helps you build good credit.

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So i'm going to be paying off my first car soon, a 03 civic (my car payments are 220$ a month btw). and if i do so then i'd have enough monthly income to move out into a place of my own. yes, i live with my parents because i don't have to pay rent. i only have to make sure i pay off my student loans and car payments. (i'm 20 by the way) and my civic was a good buy. previous owners kept it in top shape. only has 100k miles. or... i could trade in my 03 civic, use my tax return and a few paychecks and put a down payment on a 04-05 nissan 350z. if you don't know what that is, it's a sports car with

Part of maturity is making logical choices. You have a poor driving record and you now have a reliable car. You are paying $6000 per year for insurance now and you can assume that will go much higher with a sports car. Your insurance payment alone will most likely be more than your current car payment and insurance combined. You then would also have a payment in the $300- $350 range on the Z, because of the age of the vehicle, you would be looking at only a short term loan (36 moths or so maximum) Right now the thing to do is fix your car, put away some money so that you have a cushion in case of unexpected expenses and when you are financially ready move into your own place. The Z is a nice toy, but right now you need to focus on the future. Good luck