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17
votes
7answers
4k views

Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg?

For my first car, I bought a Toyota Camry. 3 years later I sold that car and I am leasing a BMW series 3. My lease will expire early next yr and I am thinking getting the X3/X5, do you recommend ...
0
votes
1answer
154 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 = ...
3
votes
2answers
112 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 ...
1
vote
1answer
111 views

The Purpose of Change Machines [closed]

I need some clearing up, do Change Machines exchange bills for coins or coins for bills. For example if I put a dollar in a Change Machine will I get four quarters back or visa versa?
0
votes
1answer
67 views

Why Demat/Stock Market Brokers don't support Credit Card Payin

Why does Demat Account (Stock Brokers) don't support Pay-in to our Demat account directly from the Credit Cards? I am living in India, and so far I haven't come across any company which supports this....
0
votes
2answers
103 views

Invest in stock market around the world [closed]

Hi i like to invest in the stock market around the world does it require to have a citizenship in that country is there any specific amount to invest in it with a deadlock period how can i track my ...
0
votes
1answer
178 views

$10,000 to invest in the house - Pay down principal or spruce up to increase appraisal?

Hypothetical but not totally unrealistic situation: Looking at recent comparables (and non-comps like smaller homes or fewer amenities), the value of homes in my neighborhood have increased ...
6
votes
2answers
701 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 ...
2
votes
1answer
177 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
84 views

What does bank do with “Repaid Principal”? [closed]

When a bank on its loaned amounts receives payments towards repayment of the principal, what does it do with this amount received by them as "Repaid Principal"? Does this amount received as "Repaid ...
-3
votes
2answers
97 views

Would the lender care about getting regular payments, or just their total interest? [closed]

What will be the banks or lending institutions be more interested in; Making interest on a loan in a uniform manner Simply netting the required amount of interest In the second case, it wouldn't ...
7
votes
2answers
662 views

Wife wants to buy me out of our house - how to do this?

My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her father’...
4
votes
1answer
2k views

Should I request a car loan before or after changing jobs?

I have a decent credit score (low to mid 700's) and I'm pretty sure I could get approved for a loan. I'll be taking a new job in a new state in a couple of weeks and I would like to get my wife a new(...
27
votes
11answers
6k views

Will a credit card issuer cancel an account if it never incurs interest?

I have a few credit cards that are currently carrying some larger "promotional" balances. These are purchases that I decided to put on a 6, 12, or 18 month 0% APR financing offer vs. taking any points ...
2
votes
2answers
69 views

How to share profit based on duration and contribution

Lets Say Entity M manages construction project . A Contributes 500,000 USD at the beginning of the project. after 3 months B Contributes 1,000,000 USD to the project. after an year from the ...
0
votes
1answer
110 views

When's 0% financing the least costly (best) option?

Kelley Blue Book counters 0% financing (For brevity, I show only each point's topic sentence): 1. 0% financing usually requires a shorter-term loan, which can require higher payments. ...
3
votes
2answers
1k views

For a car, what scams can be plotted with 0% financing vs rebate?

7. Consider paying interest Zero-percent financing is like a dinner bell; car dealers ring it and customers come running. After all, it sounds like a great deal when you consider that your ...
4
votes
2answers
422 views

In-laws moving in (financial/tax implications)?

We are contemplating moving into a house with an in-law suite in Mississippi and our inlaws selling their house and moving into it. We would pool the sales from both houses as downpayment on the new ...
2
votes
1answer
243 views

How can you sell stocks if you do not have any?

How can you sell stocks if you do not have any? This is from a lecture of financial market class. The professor discussed the following: you do not have any stocks. But you sell 200 stocks to someone ...
-2
votes
1answer
87 views

Any Loop Holes for Owner Occupancy?

My Client wants to buy a Fannie Mae property in WA as an owner occupant. He owns another home out of state (in california). He has family that lives here in WA. This particular Fannie house in WA ...
6
votes
3answers
5k views

For a car, would you pay cash, finance for 0.9% or lease for 0.9%?

Everybody knows "buy used car in cash" is the generally accepted, financially sound decision, but let's assume one wants a nice, fresh, brand-new car. Given: Car is $30,000. All-in (inclusive of ...
-2
votes
2answers
629 views

What kind of Business is Facebook? is it B2B or B2C or Both? [closed]

I want to know What kind of Business is Facebook? is it B2B or B2C or Both? As facebook is getting money from advertisers for showing their ads on facebook and users freely use facebook and sometimes ...
-1
votes
1answer
279 views

Solving for mortgage payment amount and its deduction on the total principal?

This question is stumping me. "Jane has taken out a 20-year, $150,000 mortgage with monthly payments (made at the end of each month) at a stated mortgage rate of 6.8% per year compounded semi-...
2
votes
1answer
203 views

Finance the land on a non-financeable house?

A local real estate listing that I'm interested in says the house is non-financeable(it is an old mobile). However, it is on an acre of land. I have 20000 to put down, and I was wondering if it's ...
-1
votes
2answers
4k views

Choosing between two car deals on the same car - NPV

This is basic question, but I have starred myself blind on it - I am stuck. I am not sure which formulae I should use. Here is the story. I am looking to buy a car. I have found two dealerships ...
1
vote
1answer
72 views

Fair Value of a monthly payment given two Bank Payment structures

The question below was given in class and I have doubts about the use of the word "fair value". THe provided solution is to have Bank B make an overall return on the mortgage of 12%, but I don't agree ...
4
votes
2answers
979 views

Purchasing first car out of college

I will be graduating college soon and I will need a reliable car to get me back and forth from a firm I will be working at. Reliability is really important to me. I was looking at several CPO and ...
8
votes
3answers
5k views

Is person-person lending/borrowing protected by law?

Suppose that individual A lends his money to individual B. In order for A to be protected, what does he need to do? Is his lending protected by law? (I would prefer to hear the general case, but if ...
11
votes
1answer
282 views

How do I set up my finances when first moving out?

I'm ready to move out, and I have a excellent job offer of 32-40 hours a week at $8.40 hourly. I am also looking at moving into a rental closer to this new job, with a roommate; the house is $400 a ...
8
votes
4answers
5k views

New car price was negotiated as a “cash deal”. Will the price change if I finance instead?

I am planning to buy a new car. I went to a dealership and when talking to a sales person I said I can pay cash. He knocked down the price quite a bit. Since the dealership did not have any low APR ...
13
votes
5answers
547 views

How will I pay for college?

The SAT is coming up soon for me and, with it, everything college. I had held the impression that I was just going to rack up student loans, go to college, and then pay them off with whatever job I ...
19
votes
14answers
11k views

Buying my first car out of college

So I just graduated college this past week and have a job lined up making 63000 a year. I was looking at buying a $27000 used 2008 BMW 328i, financing at about 500/month for 60 months. I don't have ...
54
votes
4answers
6k 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 ...
79
votes
14answers
6k views

Should I finance a new home theater at 0% even though I have the cash for it?

My wife and I are considering buying a home theater - plasma TV & new stereo - on Black Friday this year. We do have the cash for it, but Best Buy is offering 0% financing for up to 3 years on ...
28
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?