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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votes
1answer
254 views

How does this scam involving buying a used car cash-only work?

I'm in pursuit of a used car. I came across this 2010 Camry for 4200 CAD. The car is good, I test drove it in the city and on the highway and there are no problems with it as far as I can tell. ...
0
votes
3answers
163 views

Used car with lower TCO

I'm looking at trying to save money by purchasing and driving a used car. However, I have no idea where to start other than the realization that the total cost of ownership is far more than just the ...
5
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3answers
509 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 ...
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3answers
6k views

How do I refinance a car loan into someone else's name so it can be their car?

I have a car in my name and want to get it refinanced in someone else name so it can be their car and they can take over the payment what is the best place to start
0
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1answer
189 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
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2answers
130 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
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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
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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 ...
49
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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 ...
4
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1answer
6k views

I signed on as the co-signer on a car loan and somehow ended up being the primary name on the account

I know a person should never co-sign for anyone. I always have. This is why I feel so stupid but I signed on to a car loan 4 or 5 months ago for my ex. I was against it but the fact she was hanging my ...
3
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2answers
268 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 ...
2
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1answer
73 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
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1answer
250 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 ...
12
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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
276 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
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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
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4answers
367 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
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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
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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
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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
431 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
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1answer
249 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 ...
266
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18answers
104k 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
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4answers
592 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
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4answers
6k 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", ...
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1answer
193 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
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4answers
472 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
5k 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
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6answers
908 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
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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
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1answer
252 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
282 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
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9answers
3k 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
435 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
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4answers
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
469 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
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3answers
253 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
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3answers
461 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
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2answers
136 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
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0answers
364 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
440 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
376 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
68 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
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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
953 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
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1answer
445 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
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18answers
76k 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
290 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 ...