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

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8
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3answers
4k views

Credit life & disability Insurance on vehicle loan for elderly buyer: Does it make sense?

An older gentleman needs reliable transportation to replace his 10 year old vehicle with over 100k miles. He can afford the payments, but doesn't want to burden his younger wife with payments she ...
5
votes
4answers
378 views

Which car features are more cost effective if purchased & installed aftermarket, as opposed to when buying the car?

So I'm looking at buying a new car, because I'm going to need one to commute to a new job. There are many features I "like" (not 'must-have', just 'like') in new cars these days: Remote Keyless ...
4
votes
1answer
170 views

How to protect myself from unethical business collecting on an invalid past due amount?

I had my car serviced by a local shop. I ultimately picked them because they were close and didn't really research their online reputation. Suffice it to say I was less than pleased. The car broke ...
8
votes
7answers
475 views

In a very tough credit/financial situation

So here is my situation. I have a car that is very dangerous to drive at this point. Like I am seriously worried that either I or the car won't make it through the upcoming winter months. Now, I would ...
9
votes
7answers
6k views

What to do with an expensive, upside-down car loan?

Unfortunately, my wife had a car before we got married. She got the car a year or so before we met and now we still have the car. Her mother offered to pay for the car (my wife was still a student at ...
2
votes
2answers
671 views

[UK] What are the consequences of transferring ownership (not selling) a vehicle on tax, licensing and future resale value?

Many cities in the UK won't sell more than one parking permit per person. I didn't realise this when buying a second car and now need to transfer one of them into my wife's name (who uses one of the ...
4
votes
5answers
30k views

Where can I get a car loan for roughly $2000?

I'm looking to buy a new car and have found one that I really like. It is priced at $4500 (with taxes). I currently have $2700 in my savings account. I would like to get a loan for $2000 (leaving me ...
12
votes
3answers
1k views

How do I sell my car?

I've decided to sell my car. The bluebook website estimates I can sell it for X dollars. How do I actually sell it? (and get as close to X dollars as possible) Just fyi I live in a large city in ...
51
votes
6answers
54k views

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house ...
5
votes
5answers
8k views

How can I determine how much my car insurance will cost me?

I'm 25 and I've been rear-ended once when I was 16 or 17. I've never been in any other accidents or had any speeding tickets. I am currently on my mothers insurance and driving her car. I will be ...
5
votes
6answers
11k views

Why do 10 year-old luxury cars lose so much value?

I'm looking at Kelly Blue Book values for top business class sedans and they depreciate like crazy. For example: BMW 7 2010 : $82,000 - $137,000 BMW 7 2001 : $11,500 - $15,050 ...
10
votes
6answers
4k views

How much of a down payment for a car should I save before purchasing it?

I am thinking about getting a new or used car from a local dealer in town. I have worked and saved some money to use as a down payment for it. Some people have told me that I should save nearly all ...
19
votes
5answers
557 views

How can I tell if buying a cheaper car will end up costing me more?

Cars can be very expensive, so it seems like a good place to save money. However, I worry that getting a car that is too cheap, especially if buying used, may end up costing me more in maintenance, ...
1
vote
3answers
412 views

What's the best time of a year to buy a car or a house in Canada?

Are there any months where car or house prices usually drop in Canada? Is the difference noticeable enough to justify the waiting?
5
votes
4answers
1k views

How to decide whether to replace or repair?

My car has apparently has a blown head gasket... The options at this point are basically: put $5k into an 8 year old car with 120k mi that is otherwise in good shape (with a 2 year warranty on the ...
21
votes
8answers
11k views

How do I know when I am financially stable/ready to move out on my own?

Some background information: I'm 23 and living at home. I have a good full time job as a web programmer that I've been at for over one year. It includes benefits and 401K (which after one year I ...
8
votes
2answers
1k views

What are your thoughts on Dave Ramsey's “Drive Free, Retire Rich” idea?

Aside from the horribly optimistic interest rate projections in the "Drive Free, Retire Rich" video, is this a plausible way to deal with auto expenses over one's lifetime? The basic plan is: get ...
4
votes
1answer
1k views

I'm halfway through a 5-year purchase financing deal on my car. It's expensive. Can I sell it and get a cheaper car?

How would I do that? Wouldn't know where to start. My financing is with a major bank and I think my rate is pretty low. Are there likely penalties?
8
votes
3answers
586 views

What is the best option for an occasional driver in the USA?

I never had a car before, but I'm starting to feel the need of having one. Fortunately, I can bike to work, and would only use the car on weekends (and very occasionally on weekdays). Additionally, ...
54
votes
4answers
5k views

What are some tips for getting the upper hand in car price negotiations?

My family wheels are pushing 200K miles and lights are starting to come on, noises are starting to come out, and I want to investigate a newer car before I sink money into repairing mine. What are ...
10
votes
11answers
575 views

What is a good way to save money on car expenses?

What are good ways to save on maintenance/fuel and prolong the life of a car?
8
votes
6answers
432 views

What's the best way to get cash for an old car?

If I am not going to trade in my car what are other good options to convert it into cash?
6
votes
4answers
393 views

How can I save money on car insurance?

What are some of the easy or not-so-easy ways to save money on car insurance?
2
votes
1answer
810 views

Is it possible to lease a car in Canada as a non-resident?

I'm a non resident of Canada, living in Vancouver, BC, Canada - what are the rules, regs and issues in leasing a car - is it even possible?
24
votes
8answers
4k views

I'm thinking of getting a new car … why shouldn't I LEASE one?

Why is leasing a car a bad idea?