Purchasing new or used cars, getting car loans, down payments for cars, refinancing car loans, and car insurance.

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2
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2answers
53 views

Car dealers offering lower prices when financing a used car

I recently went to a Nissan dealership to buy a used car. They are claiming that they can offer me a price that is over $2000 less if I finance with them, instead of paying in cash. Is this a ...
0
votes
2answers
62 views

car insurance - 2 cars, can I have 2 separate NCD

I know that I cannot use No Claims Discount on the second car but my question will be a little bit different. I build 4 years NCB in last 4 years. But there was a moment when I bought second car. When ...
0
votes
1answer
54 views

Does a divorce decree automatically transfer the ownership of a car? [closed]

My husband and I got a divorce, and he was awarded the car. He never transferred the title or registration in his name. Am I still co-owner of the car? If he wants to sell this car with my name still ...
0
votes
1answer
67 views

How to take off my name from Car Title in California

The car was paid off and the title is under my name and my ex wife. I want my name off from that car because I don't want to be responsible for any liability if she got in accident. But She wont go ...
1
vote
2answers
103 views

New car cash vs finance

I looked at Alfa Romeo's UK webpage: So if I purchase outright, the dealer gets 23,830 cash now But if I use their finance, they get a total of 21,541 less finance costs in 4 years This sounds ...
-1
votes
1answer
126 views

Do you need to have insurance on an unused car?

I'm buying a car and garaging it until I can fix it. Do I need to have insurance on it to be able to register it (so I won't get fined for not registering it) or can I just register it like that since ...
0
votes
5answers
274 views

Saving up for an expensive car

Let's say I have a salary of $80,000 after tax. My goal would be to buy a $100,000 car. I've read online that 20% is a reasonable amount to pay for a car each month. 20% x $6,666 monthly pay = ...
0
votes
0answers
39 views

Need a higher car insurance premium as a dependant?

I'm looking to purchase a new car; my current car is 15 years old and has a lot of miles on it. I started a new job that is much further away from home and I need something more reliable. Anyway, I ...
2
votes
2answers
161 views

How would I compute the difference between purchase and lease-to-purchase offers?

I'm looking at getting a new car, and this Toyota Avalon lease deal seems like a better deal then buying. However, I've always heard that leases are not the smart way to go. When I do the math the ...
2
votes
1answer
596 views

How do we remove an ex-girlfriend from a car loan?

My son is currently in boot camp, and his ex-girlfriend is threatening to go to court because she wants her name off a car loan they got when together. She is the primary borrower, but my son is the ...
0
votes
3answers
128 views

Employee discount on auto sale, possible to profit from?

Assuming this is legal (California, US), can I resell a vehicle which was purchased for me with a 25% off employee discount with my money by a friend. The friend has the 25% employee discount, and is ...
1
vote
0answers
37 views

How does paying off car lease work? [duplicate]

I'm a little bit confused on paying my lease amount early. As far as I understand, I loaded the total amount of the car. Let's say the total amount of car is 50k and the total lease amount is 25k. ...
1
vote
1answer
119 views

Can you pay off lease early?

If I pay off lease amount early for a car, is there any impact on my credit? Let's say I'm paying $400/month for 36 months, which is 14,400 total. If I pay 14,400 within 6 months, are there any ...
9
votes
9answers
3k views

Why do people buy new cars they can not afford? [closed]

This question in particular refers to the U.S. It has always baffled me and I am looking for diverse viewpoints to help understand the issue. Every day as I drive to work I see lots of new cars. US ...
8
votes
3answers
2k views

In today's low interest environment, is it generally more economical to buy or lease a new car in the US?

In today's low interest environment, is it generally more economical to buy or lease a new car? Assume above average to excellent credit and an average priced new sedan. I ran through a cost ...
4
votes
1answer
185 views

Is it possible to remove and replace a cosigner?

Is it possible to remove a cosigner from a car loan and replace with a new cosigner? If the new cosigner possesses a legal driver's license, and the cosigner to be replaced has no driver's license, ...
4
votes
1answer
271 views

My mother's name is on my car title, how can I protect my ownership of the car in the event of her death?

My mom bought me a car in April 2014. We went to the dealer together and I was going to buy the car. The dealer's finance dept. told me that they could only get 2 of the 3 credit reporting bureau ...
3
votes
3answers
228 views

Multiple hard inquiry for a single loan from car dealer?

I'm new to the US and trying to build a good credit history from the beginning. I've just purchased a new car (an hour ago) from an Toyota dealer with a loan from them. I received an alert now from ...
2
votes
1answer
88 views

Should I be added as a driver on the insurance for 2 months?

I'm going to be living with my brother for 2 months, since I've moved to his city for a project. I was wondering if I can drive his car without him adding me to his auto insurance? I'm technically not ...
5
votes
3answers
1k views

Can you register your car in a different state from your residence?

If you move to California from Florida but cannot afford to register your car there (the engine has been modified), is it still possible to keep the car registered in Florida but obtain a California ...
0
votes
1answer
48 views

Down Payment for new Company Car [closed]

Is there a limit on the amount a business can place on a down-payment for a business vehicle; in the United States of America? Total Cost: $25,000 Estimated Down-payment: $10,000 Is it ...
7
votes
2answers
302 views

When do I need to transfer money to the owner when buying a used car? Used car transaction paperwork and details

Dear financial experts ! I have never bought a used car before. I bought my first car brand new from a dealership, so I was not worried about the paperwork. Now I am looking to buy a used car from ...
36
votes
7answers
6k views

Using Emergency Fund to Sell Upside-down Car

My husband and I have an upside-down car loan, which means that we owe more on the loan (about $10,000) than the car is worth (only about $7,000). We are paying a pretty substantial amount each month ...
0
votes
0answers
124 views

Getting a car title when I lost the original after purchase

I recently bought a car, signed the title (with a notary), then lost the title before I could submit it. Is there any way I can still complete the process of titling the car in my name? The previous ...
31
votes
2answers
3k views

How do you safely buy a car that the owner still owes money on?

I'm interested in purchasing a car from an owner in another state. The owner currently owes money on the car and so the bank has the title. I've verified the car's service history and ownership, but ...
5
votes
2answers
466 views

Buying my first car: why financing is cheaper than paying cash here and now?

I'm buying my first car and I'm a bit puzzled. Here you can see price for 2015 Toyota Camry Hybrid XLE (archived). You can see that MSRP is $34,435, but the dealer is making discount of $8,609, so ...
11
votes
8answers
7k views

Paying $1000 a month to keep a car in New York City

I am 25 working in New York city making ~117k a year. After tax and various pre-tax deductions, (mta fare etc) my take home is just shy of 6k a month. I pay $1875 in rent a month for a nice ...
4
votes
4answers
238 views

Higher auto insurance costs: keep car or switch to public transit?

In the next couple months, my personal situation will change leaving me with an important decision to make vis-a-vis my vehicle and modes of transportation. My current situation: living in the ...
3
votes
3answers
103 views

Trade in car or perform maintenance?

Would it be financially beneficial to trade in a car and buy a used one every 3-6 years instead of keeping one and performing maintenance tasks on it. My thought on it is that I would be able to skip ...
0
votes
1answer
459 views

I signed on as the co-signer on a car loan and somehow ended up being the primary name on the account

Okay. I know a person should never co-sign for anyone. I always have. This is why I feel so stupid but I signed on to a car loan 4 or 5 months ago for my ex. I was against it but the fact she was ...
2
votes
1answer
133 views

How Should I Go About Buying a Car? (College Student)

I am an independent student who's about to start his second year in college. As I begin to consider things like internships and other important businesses in my life, I realize that I need to get ...
2
votes
1answer
110 views

Should I car share or buy a car?

I recently got a job that pays 25k€ a year (I get 1.5k€/month after taxes I live in a heavily taxed country). My company will pay me my master's and engineering degree that I begin in september at ...
8
votes
2answers
272 views

Should I get a car loan before shopping for a car?

I'm looking to buy a used car* for the first time in my life. I already know the price range I'm looking at (Under $10,000) and the loan term I'd prefer (5 years) and the down payment I'm willing to ...
71
votes
13answers
22k views

Paid cash for a car, but dealer wants to change price

My son recently graduated from college, and he and his wife went to buy a car. They never discussed financing with the dealer. They agreed on a price, went to the bank and brought back a cashiers ...
3
votes
3answers
392 views

I plan to buy a car soon and I have the cash. Should I use my credit cards to pay for them?

I have enough cash to pay off a car I'm planning to buy. However, instead of using cash on a debit card, I thought of using my credit cards instead so I can earn points on them. Are there any ...
0
votes
1answer
128 views

should I save more money to purchase a Used car or borrow from my office?

please suggest me should a save more money to purchase a used car or borrow money from my office where I work. I have half of the amount that costs the car I want to buy. kindly suggest me. PS my ...
1
vote
4answers
624 views

Pay off car or use money for down payment

I have a 3 year old car that has a blue book value of around $14k. I owe $7k on the car still w/ 2 years left to repay. I'm thinking about trading it in (need AWD... too much snow in Chicago the last ...
3
votes
1answer
505 views

Buying user car from sibling with totaled amount from Insurance and sibling buying a new car

My car got totaled by my insurance company and I will get a check for about $8500. I plan to give that my money to my sister and take her car. My sister plans to buy a new car with that amount as a ...
3
votes
1answer
798 views

Can I use balance transfer to buy car?

I am in market to buy new car but I am a little short on money. I could finance the car but if buy on cash, I will qualify for additional savings up to $1000. Furthermore even if I finance the car ...
2
votes
1answer
128 views

What are the running costs of owning a car, aside from fuel?

I'm getting a car later this year and saving up for it currently. However, as a first time car owner, I am not aware of the running costs of owning a car. Aside from fuel, what are the things that I ...
0
votes
1answer
252 views

How do I get my name out of a bank car loan?

I financed a car and have the title in my name only. My Significant other and I were making the payments together. I had been letting him drive the car while we were together, but after we broke up he ...
3
votes
0answers
57 views

With the Fringe Benefits Tax, should I even salary sacrifice for a car?

In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, the tax would ...
1
vote
1answer
434 views

Can I get charged with theft for taking my car if my boyfriend signs the title?

I am about to end my relationship and am curious to how this would work. I had my boyfriend register my car under his name because I couldn't afford it at the time. I have definitely made up for the ...
3
votes
2answers
185 views

Is there a way to claim a car purchase in the tax return?

I purchased a car for $19K; $6K was paid upfront, and the rest is financed over 3 years. Is there a way I can deduct the car purchase in certain circumstances? This vehicle is primarily used for work. ...
2
votes
2answers
160 views

How do I determine how much I can afford for a car?

I make about $70k AUD per year before tax. I currently have $10k AUD on my car fund. What I did was put $500-700 per week on that account, depending on how much I spent on other wants/needs. Now, I ...
9
votes
1answer
1k views

4 months into a 30 month car loan, need new engine, can't sell any body parts

I just recovered from a major health ordeal, and am disabled. I'm just getting back to work, but being that I've been out so long, so finances are very, very thin. The problem is that I recently (4 ...
14
votes
7answers
3k views

Is a car loan bad debt?

I've heard people saying that a car loan is considered a bad debt, while a house mortgage is a good debt and so on. My bank is offering 1.49% interest for a 36 month loan or 2.49% for a 37-60 month ...
0
votes
0answers
132 views

Can the legal owner of a vehicle cancel a change of keeper request?

I am the legal owner of a car. I don't posses a Full UK Licence (I have a Provisional) so whilst I was waiting for my test I transferred the car to a friend (V5) which made him the registered keeper. ...
1
vote
1answer
183 views

Buying car from rental business without title

I am looking to buy a 2013 Subaru Outback from a rental car company for $16.7k. However, when I buy the car, I will not receive the title. They said they do not want to get the title and tie up ...
45
votes
12answers
12k views

Should I pay off a 0% car loan?

I'm ahead on 0% interest car loan. I don't have to make a payment until October. I currently owe $3,000 and I could pay it all off. Should I do that or leave that money in my savings account that ...