Questions tagged [car]

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

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5
votes
3answers
447 views

How can I purchase a car when no one will loan to me?

My wife's car recently broke down, and is in need of replacing. My own car is also on its last legs so we intended to purchase something new-ish (2015-2017 model) to get something a little more ...
0
votes
1answer
181 views

I need help finding a car

I am seventeen years old. I have have a job but I only make a little money. I am trying to get a car for my senior year of high school but I only have about $400 saved up. I have to pay other ...
0
votes
2answers
125 views

Buying a used vehicle from dealer

I have about 12,000 in cash saved up for purchasing a toyota 4runner. I have a vehicle in mind for 22,450 that is as good of a deal as I can possibly find after looking for months off and on. AS far ...
7
votes
8answers
7k views

Credit score and financing new car

Little bit about my situation- Bought a car with cash about 5 years ago, at the time it was a year old. That car is now a total loss and I’m receiving about 5k for it from my insurance. I’m now in ...
39
votes
5answers
10k views

Is this car delivery via Ebay Motors on Craigslist a scam?

I found a Craigslist posting selling what looks to be a wonderfully maintained vehicle for low miles and a very low price. I contacted the seller and she responded with this. I've omitted personally ...
3
votes
2answers
259 views

How to remove my partner's name off a car title?

My partner and I have this car and both names are on the title. The car is paid off to the dealer, but right before it was paid off my partner got in trouble and had to do 6 months in prison. The ...
49
votes
12answers
17k views

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
2
votes
1answer
70 views

How do I calculate the monthly PCP repayment figure for a car purchase in the UK?

How would I calculate the PCP monthly repayment figure from the following information please? Car offer price: £30,000 APR: 3.9% Number of repayments: 48 Balloon payment: £15,000 I've found similar ...
2
votes
1answer
245 views

Does a co-signer on a car loan have any ownership rights to the car?

My girlfriend recently financed a car as the primary holder and her mother cosigned it, with that it was promised (verbally) that the car was going to be for either my girlfriend or her sister. After ...
14
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5answers
4k views

Leveraging cash for buying car

I'm planning to buy a 2- or 3-year old car in cash. I expect to pay around $15k. I'll probably buy through a dealer because I can't find any private sellers in my area with the type of car I'm looking ...
1
vote
3answers
274 views

A new car dealership's initial offer was lower than what I found online

I picked out a car yesterday and was offered it for about $22k. This actually surprised me because from what I've seen on Edmunds and Car Guru, the market rate for this car is $23k. I was prepared to ...
12
votes
4answers
2k views

What should I be wary of when insurer is taking a lot of time to decide whether car is repairable or a total loss?

Two weeks, four days ago, while I was stopped at a stop light, an idiot rammed into my car with his Chevy Suburban, causing extensive rear-end damage to my car and propelling me into the car in front ...
0
votes
0answers
101 views

Can I take my name out of a car loan? [duplicate]

I am in the process of buying a house and the bank requires that my name needs to be taken out of the car loan. My son is the cosigner, and my daughter (whom I bought the car for) is making the ...
0
votes
4answers
365 views

Buy my leased car?

My 2016 Lincoln lease is up. I'm considering buying it for $25000 and putting $7000 down to meet my finance 60 month payment budget. My Salesman said today that much down is not a good idea as I will ...
3
votes
1answer
243 views

Is there a sensible way to get rid of my financed car?

18 months ago I signed up to a Personal Contract Hire (aka PCP) car finance deal in the UK. I've financed several vehicles in the past and, although I know it's not the most cost-effective thing, I've ...
33
votes
13answers
13k views

how to justify the higher price of luxury cars in comparison to their counterpart and when test driving these vehicle what specifically to look for

After reading Who can truly afford luxury cars? and also from my own need to buy a car and past history of always driving Honda/Toyota/Nissan but not their luxury brand Acura/Lexus/Infiniti. When I ...
5
votes
4answers
404 views

Fix vs buy: do I really need to consider a car's “value” with depreciation?

I have been thinking about the question of how to determine whether to fix my current or buy a new car. Everything I have read (see, for instance, the answers on this question) talks about determining ...
44
votes
14answers
14k views

How can I support myself financially as a 17 year old with a loan?

I'm a 17 year old Ohio high school student who makes ~$160 a month working minimum wage. I have a $3500 loan (4 year duration) to pay off for a car with ~$2880 left. Monthly payments are ~$80 for ...
-11
votes
1answer
178 views

car insurance — absolute cheapest possible way to make / get it [closed]

I'm aware that it's possible to make your own car insurance company. That being said, does anyone know of the absolute, cheapest possible car insurance there can be? I'm not concerned at all about ...
2
votes
4answers
441 views

Selling your leased car before its lease is over

I leased my car in June 2017 for 36 months and currently 14 months left from my lease. I want to sell the car and lease a SUV. Details listed below: The car is a Honda Accord The residual value is $...
2
votes
6answers
892 views

How is leasing a car beneficial to the one who leases? [duplicate]

They say that a car is a depreciating asset and so leasing a car works better than buying one. I heard this from folks and car salespersons. Although I understand the aspect of leasing cars meaning ...
0
votes
0answers
43 views

Calculate the deposit on a loan when the monthly payment, interest rate, and balloon are known

I am looking into PCP finance for a car and I have found estimates where I enter a term and a deposit, and am given a monthly payment for the loan. Some sites (BMW for example) will let you enter a ...
1
vote
1answer
220 views

Car payment getting paid but not taken out of bank account

I notice that my car payment hasn’t been taken out and, and saw that someone or something took out $33 from my savings. This meant I didn’t have the funds to pay my car payment anymore. Then saw ...
1
vote
1answer
338 views

In California, how should I report the $1500 income from the BAR CAP vehicle retirement program?

The California Bureau of Automotive Repair (BAR) runs Consumer Assistance Program (CAP) for vehicle retirement. In a nutshell, if you have an old car that fails a smog check but still runs, you can ...
0
votes
3answers
252 views

Is it feasible Buying a Bike when I already own a car

I am already financing a car (Honda Accord- $18k) paying $309/month and insurance $113/month. I am single, my office is near by and I feel that this car is little big for me for now. I wish to buy a ...
2
votes
3answers
433 views

My ex husband put me as a co signer on his car loan and I didn't know anything about it. What can I do? [closed]

My ex husband put my name on his car loan as the co signer without me knowing. What can I do?
0
votes
2answers
133 views

Used Car Purchase

I am planning to buy a used car from a dealer. The bank requires copy of title for loan approval. But the dealer refuses to share it (as per their protocol) until the vehicle is purchased. Is there a ...
1
vote
0answers
363 views

Form 8936 for 2018- Qualified Plug-in Electric Drive Motor Vehicle Credit

I have been looking for form 8936 for 2018 in order to file my tax returns but have been able to find only the one for 2017 as below. https://www.irs.gov/forms-pubs/about-form-8936 Is there an ...
2
votes
1answer
277 views

Are there legitimate reasons to cover part of the vehicle identification number (VIN) that is visible through the windshield?

A friend of mine, living in USA, went to check on a car being sold by an individual. He told me that the vehicle owner had covered part of the VIN that would have otherwise been visible through the ...
1
vote
1answer
66 views

Pay off loan or roll over

I owe $10,000 on my existing car loan. I currently have enough to pay off my loan and still have enough to put down $5000 on a new car. My question is this, is it better to pay off the loan first and ...
3
votes
2answers
163 views

Car title ownership

My boyfriend and I just bought a pick up. We both signed a loan from the bank but he was the only one who signed the paperwork from car dealership. Does it mean that my name is not in the car title ...
59
votes
6answers
12k views

Why does Geico ask me not to reveal the limits of my liability coverage in case of a car accident?

I read on my "Evidence of Liability Insurance card" issued by Geico in California, US: What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone. Why ...
4
votes
1answer
383 views

Where can I find the median new auto price? [closed]

I hear from time to time about the "average" price of a new car in the United States, and how it is absurdly high. I presume this has something to do with how four people buying a $13k car and one ...
1
vote
1answer
256 views

Car is under my girlfriends name, can i refinance it?

Last year i needed to buy a car, but my credit was bad atm, so my girlfriend at the time let me use her credit to buy it. Now almost 2 years later i have to buy a diferent car so i can take out of the ...
0
votes
1answer
63 views

Deductible automobile expenses for ridesharing business

Most people here will disagree with the premise of the question, so try to disregard that (and that I know this is likely a very bad idea). I'm considering buying a (new) car that I can't afford (...
0
votes
1answer
76 views

Understanding auto insurance policy bills

I really have a hard time understanding my auto insurance bill/policy. In my case, it's AAA. For example, for 2017 I get the following policy for my car: Now, on Dec 12 I add another car to my policy....
3
votes
3answers
258 views

How to know how much money was paid, and how much was spent paying off interest

I would like to buy a car, and found out about the 20/4/10 rule today. I definitely have more than 20% downpayment saved up, due to that I am not concerned with the 20 part. I am more concerned about ...
1
vote
2answers
187 views

How should I go about getting my next car?

A few months ago I bought my first ever financed car (I'm 19). It's the only credit history I have as of now. I bought a 2015 Chevy Spark with a 28% front loaded interest rate. So, regardless of ...
0
votes
2answers
155 views

Would it be more beneficial to pay my car loan off first in this situation?

Okay here is my situation. I have a vehicle I'm currently interested in. It's around 42k. My vehicle that I own is worth around 28k KBB. I only owe around $5600 on it. I have the money to go and ...
2
votes
1answer
408 views

Car possession being threatened by Co-signer

I'm in a bit of a sticky/confusing situation and I am unsure of what my options are. My fiancé has a car that was financed through Ally bank. His father, who I'll refer to as John, co-signed for the ...
1
vote
3answers
291 views

Weekly upkeep fund for cars, quantification thereof

My colleague in the states has the typical suburban collection of three cars in their family household a fairly new used car (a few yrs old; no factory warranty left) 2x $5000 range used cars after ...
1
vote
1answer
45 views

Buying a used car out-of-state with differing trade-in tax policies

I currently live in a state that doesn't allow a trade-in tax credit and I am considering buying a used car that resides in a state that does. I will probably trade in my car as part of the purchase, ...
3
votes
4answers
370 views

What is the best payment plan for buying a vehicle?

I recently started my first job after college/ (Polytechnic? translated from the Swedish word "Yrkeshögskola"). I have worked as a system developer since August where I had my praxis twice before ...
1
vote
1answer
186 views

Are vehicle history reports truly reliable? [closed]

Are services like Faxvin, CarFax, etc. valuable in finding past problems in used vehicles? I found a pickup truck at Enterprise Car Sales I like, but leery of spending my money at rental company ...
0
votes
1answer
63 views

Leasing a car on a personal lease vs withdrawing LTD funds to buy it for cash?

Every book, radio show or podcast for people wanting to become/stay wealthy would advise against leasing a car. I agree a car itself is an expensive toy and lease even adds to this equation, but... ...
30
votes
11answers
10k views

Is it a good time to replace my used car?

We have a 2005 Chevy Impala with 105,000 miles that we purchased in 2011. We have made many repairs such as replacing the transmission, repairing the radiator, heating and AC system, thermostat, belt,...
0
votes
3answers
226 views

2015 bmw 328i - Sell or keep it? Advice needed

I have bought a new 2015 bmw 328 in Sep 2014 for 46k on road price(Includes Tire maintenance package). BMW's 4 years free maintenance ended this month and here on wards I need to pay for service and ...
2
votes
1answer
200 views

Is it financially risky to buy new car made in UK considering Brexit? [closed]

I live in an East-European EU country and I am considering buying a new Toyota Auris. These are made in the UK and Toyota has no plans to relocate. That makes me nervous because after Brexit, I may ...
0
votes
1answer
28 views

Car TCO Computation how it's being computed

TCO From the picture posted above, I'm trying to figure out how the TCO is being computed. The efficiency is the MPG, for which I believe is a hybrid car. 14275 / 56 = 254.9107142857142857 14275 / ...
1
vote
7answers
607 views

Buying a brand new luxury car

I read this and this questions - although not all of the answers. My question is fairly similar to the first linked question although I have different circumstances. Context I am a 29-year old ...