Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [car]

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

0
votes
1answer
54 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
63 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
156 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
156 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
144 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 ...
1
vote
1answer
321 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
278 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
41 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
3answers
287 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
164 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
53 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
175 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
185 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 ...
-1
votes
1answer
21 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
510 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 ...
0
votes
2answers
240 views

How much can I save if I don't own a car? A worked example comparing car to pension

I don't drive and I've never enjoyed driving. Moreover my eyesight is very poor and I fear I may be a danger on the road. However, some 'friends' and family don't get this, so I want to show a ...
5
votes
2answers
2k views

What's the deal between the bank and the dealer when you finance your car loan with your bank?

I'm an absolute beginner to car loans, and I was wondering what's going on between the financing agencies and the dealers when I finance my car loan. (My questions are about car financing in the US.) ...
0
votes
2answers
89 views

primary loan holder [duplicate]

My husband thought that he was co-signing for his son's car. It turns out that they made my husband the primary loan holder but the dealership only put his son's name on the title. His son is now ...
2
votes
1answer
159 views

Repair vs Replace a car [duplicate]

I bought a used Honda Accord in 2010 for $17k+ tax and fees. It has 59,102 miles and is paid off. Kelly Blue Book says that it's worth $6-7k. A new car such as a 2015 Accord will cost about $16k +...
84
votes
18answers
69k views

By 18 years of age, I want a brand new car that's $43,668

I'm from Arizona and I will be 18 in 4 months. I make about $1,200 a month from my job. I have $600 in my bank account and I don't plan to spend any of it until I'm 18. I'm looking to get a ...
1
vote
2answers
221 views

Optimal age to sell a used car? [closed]

I have a car. I would like to sell this car and purchase a different used car. Let's assume I am in no rush at to make the purchase+sale (purchase of my next vehicle, and sale of my current vehicle). ...
53
votes
5answers
16k views

Am I right to believe this online car-purchase opportunity is a scam?

I was looking to purchase a specific car at autoscout24.com. I found it and I then contacted the car dealer for the next steps. After they provided additional information about the car and I provided ...
0
votes
1answer
74 views

How to sell unregistered car to out-of-state buyer?

Apologies if this is the wrong place for this question, but I came here based on this meta post. I have a car that has been sitting in a friend's garage in NJ for about a year, unregistered. It was ...
2
votes
1answer
74 views

Car-transfer question

I'm kind of young (don't have a reliable source of income), but my dad bought me a car and its registered and financed in South Carolina and I live in Louisiana (college and residence.) If I have my ...
1
vote
3answers
273 views

Is it wise to buy a car in a high inflation rate?

A couple of my friends are planning on buying a car, and asked me to take part, so every one will own 1/3 of it. Here are some facts about me: The inflation rate in my country (Iran) is high. It's ...
6
votes
1answer
163 views

Selling a car with outstanding finance in the UK

I have a car which has outstanding finance. BMW have given me a settlement figure of £15,000. A buyer is interested in buying the car for £13,000. The buyer would like to pay BMW directly using my ...
11
votes
3answers
470 views

Questions from dealer when paying cash for a car

My wife and I recently bought a new Chevy from a dealer here in California. We didn't use a loan, paid using a personal check. Even though we told them we weren't financing the deal, they insisted on ...
2
votes
3answers
131 views

Does the invested equity in a leased vehicle count towards the residual value?

Let me preface: I have learned my lesson and am trying to mitigate the consequences as much as possible. I was naive and did not fully understand what I was agreeing to. I was talked into trading in ...
1
vote
0answers
44 views

Reclaiming value out of a car needing expensive repair [duplicate]

I have a car that I purchased for $6k. It drives fine, but needs a new computer, which will cost $2.8k. The diagnosis already cost $400. Given that doing this repair will be 46% of the car value, I am ...
2
votes
3answers
347 views

How to answer a car salesman question?

I looked on internet forums and came to know that people in other cities have been paying a certain dollar amount for a particular model of Honda Civic. I want to quote that price to the dealer here ...
0
votes
3answers
245 views

Trading in a used car

Suppose I have a used car that has a sale value of $X, and I wish to purchase another used car whose purchase price is the same $X. Theoretically, I should be able to accomplish this trade with zero ...
3
votes
3answers
1k views

I cosigned for my son. He took off in the car before it was fully financed. I want my name completely off the car

I cosigned for my son. He took off in the car before it was fully financed. I want my name off the car. We signed paperwork stating we agreed on a 60 month term through a bank but then found out the ...
1
vote
1answer
134 views

Are there typically penalties for trading in a lease on a new car before the lease contract ends?

We're about 13 months into a 39 month lease. Our payoff is about $40,000. We are looking at trying to get into something that will lower our payments a bit, and so checked a local dealer to see what ...
0
votes
2answers
76 views

Car insurance for the summer in Canada

We're thinking about buying a car in Nova Scotia, Canada while we are here for the summer. We are residents of Ontario. We don't really want to keep the car past our time here. The question is how do ...
0
votes
2answers
271 views

cosigner took car

My son and his girl friend wanted to buy a car. My son was not working but he traded in his car and the car is in my name and the girl friend is a cosigner. Well, they broke up and she took off (we ...
1
vote
0answers
61 views

How to sell a financed car in California? [duplicate]

Hi I'm trying to sell a financed car. I have around 5k left to pay through Wells Fargo and and I'm selling the car for 10k. A few questions: Q1: Do I still have to fill out a Bill of Sale and a ...
1
vote
2answers
167 views

Best way to get temporary car insurance with outstanding claim?

So about 4 months ago I purchased my first car, 2014 Toyota RAV4, from a large Toyota dealership in Virginia, USA. During the purchase they told me for around $1000 they would title, put plates on, ...
2
votes
0answers
338 views

Buying a new car - price dropped while awaiting delivery

People! I've been doing okay financially and recently ordered a new car (Middle of April). While the vehicle is expected to be delivered in the next 2 weeks, I noticed that the dealership website has ...
5
votes
1answer
366 views

Can I remove a cosigner from a car loan? Will it affect my credit?

I will be moving from NY to California for a job that starts 3 months from now. I flew to California to finance a car from a dealership, but since I had not found an apartment yet, I had no california ...
0
votes
1answer
119 views

Roughly how long should I ideally wait to apply for a large car loan after increasing my credit card limit?

Back in March, I elected to increase my existing line of credit limit up to $2,000, which came with a reduction in interest (from 12.5% to 8.5%). Now, I'm in line to buy a car that I really want, but ...
1
vote
3answers
194 views

Financial advice on the big 3

I recently graduated in December and have been working for the past 5 months. Since then I have saved 13,000. Now here is my conundrum, I am getting married in 6 months ($10,000), we are currently ...
1
vote
1answer
182 views

Leasing Question

I leased a vehicle for 39 months. At the time they told me I was allowed 12,000 miles a year. On the contract I and the dealer signed where it says not to exceed a certian amount of miles or .25 per ...
1
vote
1answer
321 views

Co-signer and Primary

My co-signer ending up being the primary on my car loan. Now that makes me the co-signer. Both of our names are on the car loan. Do i have any rights to the car? can the primary take the car from me ...
1
vote
1answer
109 views

Is it a bad idea to lease a car even when looking for a car for only short term purposes

I am looking to buy my first vehicle and I was convinced that a leased car would be better option due to lesser upfront costs, lower paymnets and an option to buy the car at the end of the lease. ...
1
vote
2answers
216 views

Going from a 35k car to 130k car, what is the difficulty in getting an approved loan?

What would the difficulties I face be with moving into a car of this cost when I haven't had a car close in cost prior? It isn't an issue of Salary, or credit, both are high enough to easily cover ...
2
votes
1answer
1k views

Pre-Owned (CPO) Car Purchase: Dealer 'Certification' fee?

I believe I've been had in what seems like one of the most genius negotiating moves I've ever seen. I went to see this 2016 Nissan Versa S, priced at roughly 10k for 20k miles. It was exactly where ...
0
votes
2answers
221 views

Financial liability in allowing a relative to drive a car I own

Would I be accepting financial liability—beyond the value of the vehicle—if I allow a relative to be the primary driver for a car that I own? This is assuming that the relative has car insurance ...
4
votes
1answer
167 views

A car for the director

If as director and sole shareholder of a limited company (in the UK) I want to purchase (or possibly even lease) a car for my use, will I be taxed as an employee for having the use of the vehicle and ...
4
votes
1answer
103 views

Itemizing deductions: Proportional tax paid for vehicle title and registration that is not sales tax

In 2017 I bought a used car out-of-state (rather than sort through the local options to find one without hidden water damage). Because I was not a Kansas resident, I had Kansas sales tax waived at ...