Glossary entry (derived from question below)
English term or phrase:
payout lien on trade-in
Polish translation:
wypłata zastawu za pojazd oddawany w rozliczeniu
Added to glossary by
Tusia1
Aug 19, 2022 10:18
1 yr ago
15 viewers *
English term
payout lien on trade-in
English to Polish
Bus/Financial
Business/Commerce (general)
Used vehicle bill of sale z Kanady. Pod szyldem: Terms of settlement.
Jedna z pozycji: payout lien on trade-in
Jedna z pozycji: payout lien on trade-in
Proposed translations
(Polish)
References
| Trading in a Car with a Lien on the Title |
geopiet
|
Proposed translations
+1
2 hrs
Frank Szmulowicz, Ph. D.
United States
United States
Native in English
&
Polish
Specializes in field
United States
On time, on target, on budget.
Native in: English 
, Polish
Works in: Polish to English, English to Polish, Russian to Polish, and 1 more.
Related KudoZ points
:
958
Selected
wypłata zastawu za pojazd oddawany w rozliczeniu
The car being traded in is not yet paid off. There is a lien on it that has to be paid out before the car can be traded in.
4 KudoZ points awarded for this answer.
Comment: "Dziękuję serdecznie"
20 mins
kwota/opłata zastawu na starym pojeździe
„stary pojazd” znaczy pojazd który kupujący oddaje dilerowi w ramach "tradrin" ...
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Note added at 13 hrs (2022-08-20 00:06:59 GMT)
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How to Trade-In a Car with Negative Equity?
You can trade-in your vehicle even if the trade-in value does not cover the remaining loan amount. However, when you have negative equity or an upside-down loan the dealer adds this loan amount into your new loan. Negative equity doesn’t disappear and it isn`t paid by the dealer when the trade-in is sold. It gets added to your debt and you are responsible for paying it off.
Here’s an example. Say you have a car you want to trade in where you still have $10,000 on the loan to pay. You go to a dealer and they will only offer $7,500 for it as a trade-in on a new car you want to finance that’s $30,000. The dealer will take the $2,500 remaining on the loan and add it to the $30,000 price of the new car. So when they calculate your new loan payments, they base it on $32,500, not $30,000.
It is generally not advised to trade-in a car that has excessive negative equity. Also, depending on the financial institution, they may only be willing to finance so much negative equity.
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Note added at 13 hrs (2022-08-20 00:06:59 GMT)
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How to Trade-In a Car with Negative Equity?
You can trade-in your vehicle even if the trade-in value does not cover the remaining loan amount. However, when you have negative equity or an upside-down loan the dealer adds this loan amount into your new loan. Negative equity doesn’t disappear and it isn`t paid by the dealer when the trade-in is sold. It gets added to your debt and you are responsible for paying it off.
Here’s an example. Say you have a car you want to trade in where you still have $10,000 on the loan to pay. You go to a dealer and they will only offer $7,500 for it as a trade-in on a new car you want to finance that’s $30,000. The dealer will take the $2,500 remaining on the loan and add it to the $30,000 price of the new car. So when they calculate your new loan payments, they base it on $32,500, not $30,000.
It is generally not advised to trade-in a car that has excessive negative equity. Also, depending on the financial institution, they may only be willing to finance so much negative equity.
1 day 1 hr
spłata zadłużenia ciążącego na przedmiocie zastawu przy pozostawieniu go w rozliczeniu
spłata zadłużenia ciążącego na przedmiocie zastawu przy pozostawieniu go w rozliczeniu
przedmiot zastawu = samochód
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Paying off your auto loan. If your vehicle isn’t paid off, the first step is to determine the payoff amount. The payoff amount includes your current balance plus, typically, 10 additional days of interest charges. Once you have the payoff amount, you go to the dealer and get your trade-in appraised.
If the appraised value is more than the loan balance, you have equity in the vehicle. The dealer pays off the loan and cuts you a check for any remaining balance – which you can either pocket or use for a down payment on your next car.
https://www.thecarconnection.com/car-loans/finance-guides/tr...
przedmiot zastawu = samochód
---
Paying off your auto loan. If your vehicle isn’t paid off, the first step is to determine the payoff amount. The payoff amount includes your current balance plus, typically, 10 additional days of interest charges. Once you have the payoff amount, you go to the dealer and get your trade-in appraised.
If the appraised value is more than the loan balance, you have equity in the vehicle. The dealer pays off the loan and cuts you a check for any remaining balance – which you can either pocket or use for a down payment on your next car.
https://www.thecarconnection.com/car-loans/finance-guides/tr...
Discussion
You can trade in a car that has a lien on it, but to do so you have to get the lien removed before you can legally pass ownership to the dealer. Usually, people will have a lien on the car as security for a debt they owe to someone else, like a bank, where you offer your car as collateral. To get the lien removed, you will have to pay off your debt to satisfy the lien-holder.
- https://www.humberviewgroup.com/guide/car-trade-ins-work-can...
You can trade-in your vehicle even if the trade-in value does not cover the remaining loan amount. However, when you have negative equity or an upside-down loan the dealer adds this loan amount into your new loan. Negative equity doesn’t disappear and it isn`t paid by the dealer when the trade-in is sold. It gets added to your debt and you are responsible for paying it off.
Here’s an example. Say you have a car you want to trade in where you still have $10,000 on the loan to pay. You go to a dealer and they will only offer $7,500 for it as a trade-in on a new car you want to finance that’s $30,000. The dealer will take the $2,500 remaining on the loan and add it to the $30,000 price of the new car. So when they calculate your new loan payments, they base it on $32,500, not $30,000.
It is generally not advised to trade-in a car that has excessive negative equity. Also, depending on the financial institution, they may only be willing to finance so much negative equity.
Discount on ACP - -631
Discount from 2019 to 2018 - -300
Discount nice guy - -850
Selling price of vehicle - 33804
Tire recycling fee - 120
AMVIC - 6.25
Alberta comfort package - 978
Vehicle + Fees - 34908.25
Trade in value - -13500
Taxable price - 21408.25
Tax (0.5%) - 1070.41
Price with tax - 22478.66
Lien on trade in - 10747.19</B>
Final price - 33225.85
Cost of borrowing @ 4% - 3449.82
Total price to finance - 36675.67
- https://www.crvownersclub.com/threads/2019-crv-price-reporti...
a) The dealer shows the amount of the debt paid-out (loan) separately on the lease document and retains a record of the lease contract as follows:
Vehicle selling price $25,000
Less trade-in - $15,000
Net selling price $10,000
Loan pay-out $ 8,000
Total amount of contract $18,000
- https://www.gov.mb.ca/finance/taxation/pubs/bulletins/012.pd... - pages 4 - 5
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