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
87 views

Lease vs buy car with cash?

I was planning to buy a new car for about $18000. I rarely drive and probably drive less than 5000 miles every year, but for various reasons I need a car. I am replacing my current car because it is ...
1
vote
2answers
179 views

Any creative options for purchasing a used vehicle with cash

Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking. What options are there to fully take advantage of this situation? My ...
4
votes
1answer
60 views

person on loan with cosigner

My son is buying a vehicle and the person on the loan as a co-signer broke up with him. My son has made almost all of the payments. Now when the loan is paid off, how does my son get his ex's name ...
0
votes
1answer
63 views

Cancel road hazard tire insurance after purchase

I got some tires for my vehicle yesterday. I signed the work order and dropped off the vehicle; my spouse picked up the vehicle and paid the bill. On the bill was an $80 charge for road hazard ...
0
votes
1answer
27 views

Auto liability insurance and underinsured policy

I live in MA. Recently I was in an accident where the over driver was at-fault 100% and is not contesting this. I was moderately injured and had several dr appoints and tests for broken ribs and being ...
0
votes
0answers
33 views

Company Leased Car - Transfer from a colleague

An employee in my org got a company leased car and he is planning to transfer the lease. EMI: Rs. 15300 Tenure: 60 months Already paid 25 EMIs = Rs. 382500 Remaining 35 EMIs (that I'll need to pay) = ...
4
votes
3answers
1k views

Leasing a car I intend to buy

I'm aware of the usual pitfalls of leasing a car (I found this question very helpful) and I know the general rule is that if you can't buy the car in cash, you can't afford it. However, I need a new ...
8
votes
1answer
206 views

Oh, hail. Totaled car, confused about buy-back options

I have a Toyota 4Runner Limited - V8, 4x4, nav, you name it. During our oh-so-wonderful hail experience last week (I was momentarily knocked our by a softball-sized chunk of the stuff), it received a ...
0
votes
1answer
120 views

How can a payment on a $62,000 Jaguar be $499 a month?

I was in the mall today and some dealer had a $62,000 Jaguar on display which had $499 painted on the winshield, which I assume is a monthly payment. If we ignore interest, that would be 500 x 12 = ...
-1
votes
0answers
24 views

How do I get my name off of a joint car loan? [duplicate]

My ex-partner and I have a vehicle together that he still owes money on. I was doing payments on it, but then I got my own vehicle. We split up; we haven't been together for almost a year. I gave the ...
1
vote
1answer
52 views

Car under the dealer's warranty

I just bought a car from a dealer and according to the law, they have provided a 3-month warranty to pay half a price for the repairs in case the car breaks. The car broke down and I need to have it ...
16
votes
4answers
7k views

Only my husband's name is on the car title. How can I protect my ownership in case of divorce or death?

My husband bought a car. Only his name is on the title because my credit is not good, but his is very good. But I am going to pay the car loan and the insurance. I would like to know if it's ...
0
votes
4answers
206 views

Is it better to buy this used car from Craigslist or from a dealership?

I was looking for a cheap car and noticed that I can buy a 2006 Toyota Prius with more than 200k miles off from Craigslist for $3500 or the same Prius with a little less than 100k from a dealership ...
1
vote
0answers
34 views

Would I have to pay tax when transferring a vehicle title from a family member across state lines?

I have a reservation for a Tesla Model 3 and just found out that my brother recently got a Model X. Tesla says they plan to give priority to previous owners, so I was wondering if it would make sense ...
3
votes
1answer
56 views

Does Edmunds get a kick-back from the use of Edmunds Price Promise?

A family member is in the market for a "new" car (Not necessarily brand new) and is interested in using the Edmunds Price Promise service to save time finding contacts (and then contact them manually) ...
2
votes
1answer
166 views

New Car VIN number changed for Rav4 Limited Hybrid Black exterior at the Toyota Dealership

About 3 weeks back I gave $1000 for a Toyota Rav4 Limited Hybrid at the dealership who promised me that i will get one in their list and he showed me the list. I took a copy of the list which showed ...
2
votes
1answer
207 views

Where are all those unsold vehicles?

Every year, every car manufacturer produces tons of cars. And of course, not all of them are sold during the year. My question is where are all those unsold new cars reside? If I go to a dealership ...
3
votes
3answers
234 views

I need a car for 2 years. Buy or lease (or something else)?

My current situation: I live in UK I'll be soon moving to Europe I'll be back in UK in approx. 2 years I don't own a car at the moment When in Europe, I'll be needing a car. However, I'm not sure ...
73
votes
12answers
14k views

Is there any way to buy a new car directly from Toyota without going through a dealership?

I'm so tired of haggling with the dealers at a local Toyota dealership. They are not only pressing, but also aggressive, condescending and mean. I want to cut the middleman. I know exactly what I ...
2
votes
4answers
192 views

Is it advisable to go for an auto loan if I can make the full payment for a new car?

Planning to buy a new car in India. Options I have are as follows: - Company leased car - Direct Auto Loan from finance company - Full one-shot payment from savings From all the articles I've ...
3
votes
4answers
276 views

Keep spending money fixing an old car or buy new car

I have a 2004 Honda Accord EX. It has close to 200k miles but is paid off. KBB says its worth is between 2500 for trade in or 3500 for private party sale). I don't know much about cars but it seems ...
3
votes
1answer
66 views

Error in my car loan papers, what do I do?

In Dec 2014 I turned in a financed car that I had where my mom was the Primary Owner and I was the cosigner and I purchased a new car only under my name and credit, my mother wasn't present and she ...
0
votes
0answers
51 views

Vehicle Title Requirements for selling a junk car

I'm planning to sell my old car to a company that will scrap it. I'd like to know what do I need to do with the title? They are planning to come and pick the car up and tow it to the junk yard. I ...
0
votes
2answers
74 views

I have a 2008 HHR under finance it needs a new engine

Ive had it for a year now and a check engine light came on they found a misfire which will require a rebuilt engine. I need to get rid of this car quick as it can go out any day. I owe 8000 on it and ...
0
votes
1answer
52 views

car loan but 2 people on title

Can one person take out a car loan but have two people on the car's title?....If I am on the title my son's car insurance drops significantly but he wants to take the car loan out himself (to build ...
3
votes
2answers
96 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
106 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
70 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
260 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
119 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
153 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
373 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
40 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
167 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
695 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
132 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
39 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
202 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 ...
10
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
197 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
500 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
423 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
94 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
2k 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
51 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 ...
8
votes
2answers
374 views

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

I am looking to buy a used car from an owner in Arkansas, and I am very nervous. How does this transaction happen step by step? I met with the car owner, tested the car, took it to a mechanic, ordered ...
37
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
179 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 ...
32
votes
2answers
4k 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 ...