Posted by Anonymous on Monday, March 24, 2008 at 11:21am.
The reason you did not get an answer is because this cannot be answered "mathematically".
There are too many factors and variables to consider.
e.g.
What is their disposable income ?
Are there mortgage or rent payments?
What portion of their net income does the bank consider safe as a carpayment?
What is the total of their food bill, utilities, insurance, etc?
Your question is much too vague.
yes i know but i confirmed the question and thats all there is and no missing information thats why I am getting hard time figuring this question.. maybe its $410 only as thats what they have been paying for a long time and only 12 payments are left so still thats the payment they should be paying as loan officer must have figured that when he must have bought the car to start with.. hope it makes sense.
Thanks
Your explanation is the only one that makes any sense out of this very poorly worded question.
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