How is a auto loan buyout determined?
65

Asked by Christopher Mar 26, 2014 at 05:22 AM about the 2010 Toyota Corolla LE

Question type: General

How is it determined? What is the math? I hear it's supposed to be less than the amount owed. Is it the amount you owe subtracted by the amount of interest payed in a year?

1 Answer
44,815

jamnblues answered 10 years ago

the amount you owe is not the amount you will pay if you keep the car over time- if you pay off now, you do not have to pay the interest

Mark helpful

Your Answer:

Related Questions

  • How is a auto loan buyout determined? 1 Answer

    How is it determined? What is the math? I hear it's supposed to be less than the amount owed. Is it the amount you owe subtracted by the amount of interest payed in a year?

    2010 Toyota Corolla LE

    -

    General

  • Toyota Corolla A/C is loud 2 Answers

    I am looking at a 2011 Toyota Corolla LE to purchase. I was checking it out and when I turn on the A/C or heater and put fan on 4 the A/C gets very loud. It is not as loud on 3 and lower. But the A/...

    2011 Toyota Corolla LE

    -

    General

  • Which is a better car a Carolla or a Coralla LE 1 Answer

    I have both cars same milage and same proce and condition. Which is better qua;ity Carolla or Carolla LE

    2010 Toyota Corolla

    -

    General

  • How can you tell the difference between a 1981 Corolla Wagon (4 doors, 1.8) Std and DX? 1 Answer

    Trying to buy some parts for a 1981 Toyota Corolla Wagon (with 4 doors and a 1.8 engine), and none of my research is helping me with determining what trim it is. Also, if you know, would this be consi...

    1981 Toyota Corolla

    -

    General

  • Why is there a spot under my car? 3 Answers

    I went outside this evening and under my car, a Toyota Corolla, was what looks. like a big spot of melted black. tar or black paint. It is hard. and dry. Could this have come. from my car? What m...

    2004 Toyota Corolla LE

    -

    General

Shortcuts

Search Toyota Corolla Questions

CarGurus Experts

  • #1
    Jeff Polhemus
    Reputation
    3,360
  • #2
    Gene Arnett
    Reputation
    3,270
  • #3
    hashimmir
    Reputation
    2,500
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Toyota Camry
46 Great Deals out of 1,149 listings starting at $2,500
Used Honda Civic
198 Great Deals out of 4,034 listings starting at $440
Used Honda Accord
50 Great Deals out of 973 listings starting at $2,995
Used Toyota RAV4
124 Great Deals out of 3,046 listings starting at $4,999
Used Honda CR-V
183 Great Deals out of 4,989 listings starting at $440
Used Toyota Tacoma
44 Great Deals out of 742 listings starting at $9,975
Used Hyundai Elantra
157 Great Deals out of 3,058 listings starting at $1,995
Used Toyota Prius
11 Great Deals out of 193 listings starting at $2,028
Used Mazda MAZDA3
77 Great Deals out of 1,309 listings starting at $3,499
Used Nissan Sentra
64 Great Deals out of 1,894 listings starting at $3,995
Used Toyota Yaris
14 Great Deals out of 191 listings starting at $2,795
Used Nissan Altima
25 Great Deals out of 680 listings starting at $3,795

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.