Stack Exchange Network

Stack Exchange network consists of 175 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.

1
vote
1answer
197 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
votes
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 ...
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 ...
1
vote
3answers
252 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 ...
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
361 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 ...
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 ...
16
votes
10answers
4k views

Recent college grad. Down payment on a house or car?

So here's the situation I'm facing. I've recently graduated college but have been working for a while now. I've managed to save up around $10,000 aside for my "money to live" stash. And like most ...
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 ...
5
votes
4answers
387 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 ...
3
votes
1answer
223 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 ...
263
votes
18answers
102k views

Who can truly afford luxury cars?

I never really thought about money until one day I checked how much I made compared to the rest of America. The calculator said my household income is in the top 20%. Kind of funny to me, because I ...
2
votes
4answers
494 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 ...
9
votes
4answers
5k views

Does the number of owners for a luxury car affect its value?

I'm looking to buy a very nice yet still inexpensive car, a 2007-08 Porsche Cayman. I've seem many listing at reasonable prices, but am worried about one thing. Certain cars are listed as "1 Owner", ...
-11
votes
1answer
152 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
396 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 $...
5
votes
2answers
4k 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.) ...
2
votes
6answers
855 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
42 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
209 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 ...
2
votes
1answer
275 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 ...
16
votes
9answers
2k views

Finance or pay cash for car right out of college?

I just graduated and will be starting a job in a week at a salary of $65,000. After accounting for retirement savings and taxes, I should bring home about $3,500 per month. Unfortunately, my 8 year ...
1
vote
1answer
200 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 ...
4
votes
5answers
2k 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 ...
7
votes
1answer
465 views

With the Fringe Benefits Tax, should I even salary sacrifice for a car?

In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, your income ...
0
votes
3answers
248 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
387 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
131 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
356 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 ...
1
vote
1answer
407 views

In CA, Old car registration/smog is Due, Can I sell the car?

In CA, Old car registration/smog check due at end of September, can I sell/trade-in end of August without paying? Do I have to tell the dealer/private party about this.
3
votes
4answers
361 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
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
161 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 ...
5
votes
1answer
753 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 ...
4
votes
1answer
314 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 ...
84
votes
18answers
74k 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
1answer
209 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
62 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
74 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....
62
votes
7answers
99k 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 ...
3
votes
3answers
221 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 ...
5
votes
2answers
2k 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 ...
1
vote
3answers
290 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
2answers
184 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 ...
6
votes
5answers
1k 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 if ...
4
votes
3answers
6k 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 ...
9
votes
4answers
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 ...
3
votes
5answers
1k views

New car: buy with cash or 0% financing

Here's my current dilemma: should I buy the new car I'm looking at with cash or have 0% financing for 72 months? For reference, here is some info about me: I am currently living at home. My plan is ...
0
votes
2answers
154 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 ...