Finance Questions

Posts Tagged ‘debt’

Question: Can i renegotiate my contract on my car?

I bought a car from Infiniti of Scottsdale on Friday.I am financing it but my credit wasn't great so i asked my aunt in Idaho to cosign for me. I have signed all of the co applicant stuff but none of her stuff is signed, i got the car at 48,000 but see 42,000 listed everywhere else. Am i able to renegotiate terms seeing how I've taken delivery of the vehicle but the contract isn't signed by all parties?

Answer: Yes, the deal isn't done until you've got all the paperwork signed by all the involved parties. You can negotiate any aspect of this deal until all the paperwork is signed. In fact, if you sign all the paperwork then some aspect changes, like they want more per month than you had agreed upon, you can still negotiate or back out all together.

Think about it, what would happen if your aunt refused to sign the paperwork? You'd have to give the car back. See, the car isn't sold yet.

I assume you're talking about mileage on the contract, not price right? The mileage on the contract isn't a big deal unless the dealer is offering a warranty that is only good for "x" amount of miles once you've taken delivery. If they are offering some sort of warranty like that you should make sure the contract is amended to your exact mileage once you have the papers signed by your aunt.

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Question: For finance genuises, what is the difference between debt and Equity Finance, and what exactly is structured?

finance? Is it different. What is the diffrences between contsruction loans, mezzanine loans, mortgage loans and land loans? what are the same, what are different??????

Answer: When a company needs money it can take on debt, eg borrow money from a bank which then has to be repaid.
Or it can issue more equity, (i.e. shares) and this is Equity Finance. It does not require repayment
A structured loan is one having a definite structure, eg 60% loan and 40% equity, the loan payable in equal amounts over 3 years.

Mezzanine finance analyst - mytalentplace