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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1answer
244 views

Help stuck in a bad first time loan!

Last year I got an 05 Chevy Silverado for 16k at a high rate can't recall what it is now. I'll check when I find the paper but I think it's over 10 percent. I was in a bad spot when I got into the ...
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1answer
156 views

Recent College grad in need of car

I am a recent college grad with a salary around 48k/yr at a very stable job. When I began college my father leased a 2013 Hyundai Sonata for me with a 208/monthly payment. My lease is about to be up ...
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1answer
335 views

Slow destruction on co-signed property

I co-signed a car loan for my ex-girlfriend, the loan was for $13,500 with payments set at $300 plus $100 for insurance. To make a long story short, she was hard on the car (broken windshield/rearview ...
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2answers
314 views

Is it financially advantageous and safe to rent out my personal car?

Recently, I have found a job in Downtown Montreal, Canada. I also live in downtown and my new job is a couple of blocks away from my apartment. Hence, it's getting expensive to keep my car. I have to ...
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2answers
4k views

Buy car vs lease vs long term rent for 10 years period

After reading a few questions about renting vs buying an house and seeing how many people strongly support renting, I'm wondering if the same applies to renting vs buying a car. Suppose: I don't ...
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5answers
14k views

Why are cars so expensive on Craigslist?

I was helping a friend to buy a cheap car in good condition in California (less than 100k miles for less than $8000) and we looked into Craigslist for cars, since we thought that Craigslist was ...
2
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2answers
354 views

Transfer car loan for better interest rate

I just recently bought a car from a dealership with financing. At the time of purchase I was a temp-to-hire working in IT. About a week later I got a raise doubling my income. I just graduated college ...
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2answers
673 views

What is the risk involved in buying a used car vs new?

A depreciation chart tells us that buying a two year old vehicle will save us a heavy cost of depreciation. However, if I keep the vehicle for 10+ years this initial cost averages down a good deal. ...
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3answers
396 views

Car financed at 24.90% — what can I do?

The car dealer told me the car worth $3900.00, I am paying him $279.17 for 19 months. That's $5304.23. Am I getting ripped off? If so, is there any way to fix it?
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2answers
171 views

End-of-season car sales?

I heard one can get a better deal on a new car at the end of the season (i.e., calendar year) before the next year's model arrive. What kind of reduction percentagewise can one expect in such sales?
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2answers
338 views

A little advice please…car loan related

I have a car loan out that is $10,000. It's actually a personal loan at 10% interest rate. The vehicle is about 10 years old and has 135,000 miles. The KBB value is around $4,000. It's having ...
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8answers
2k views

Buy tires and keep car for 12-36 months, or replace car now? [closed]

I have a car that was purchased in 2010 for around 20k, it now (2016) needs new tires but im going to replace it in 12 to 36 months time. The current resale price is around 8K and the replacement of ...
4
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1answer
472 views

DMV lists me as having the title of a 1972 Dodge that I have never had

I moved back to Florida last year after moving out of the state back in 1995. Since my birthday is coming soon I logged into the Florida DMV to check about renewing my license plates (I have ...
2
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2answers
415 views

Should I trade in a car I own to lower my payments on a new lease?

I currently own a crossover SUV, valued at roughly $9000. I'm planning on leasing a truck in the nearish future, with the intent to finance the balance after the lease ends. I've read that down ...
25
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9answers
9k views

Should I buy a car if otherwise transportation is free?

I am moving to Pittsburgh for 5 years. As a student, all public transportation in the entire city (+ shuttles and escorts from any university) are free for me. I also plan to live near the university (...
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6answers
8k views

Should I sell my car if it appears I will not need it?

My partner and I are moving soon from a suburban rental to a downtown apartment. We are both within walking distance to work (5 minutes for her, 30 for me). We coordinate our shopping needs very ...
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2answers
1k views

I cosigned but the car company made me the primary

Help. I need any advice I can get. I helped a friend who was in a bad situation. We had known each other for over 30 years. I got her out of the situation and was letting her live in my home for free ...
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1answer
144 views

Take car loan out of mortgage to improve equity

I have my car loan as a part of my mortgage. Now, I want to buy a new house and I'm applying for a Proof of Funding (POF). My salary is (relatively) good, so the limiting factor is my equity. When ...
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7answers
6k 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 ...
6
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3answers
1k views

When building credit in preparation to buy a house, should I buy a car or not?

I am in the process of re/building my credit, as I have never had a credit card until recently (I did everything with debit or checks). I do however have a decently sized number of student loans (on ...
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3answers
807 views

Leased Vehicle Return and Re-purchase

My lease term is coming up in a few months. The car has around 20k miles, whereas the lease was for 36k miles. I like the car, and I intend to buy it, however the lease end purchase price is a bit ...
6
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4answers
293 views

How do I decide where to register a car when I plan to move soon?

I live in Wisconsin primarily but will be working and living in Minnesota (MN) for the summer. I bought a car from a friend and want to transfer the title to my name. The car has a MN title and plates....
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1answer
325 views

Exotic Car Flipping as a Strategic Investment? (US-CAN)

I've been pondering flipping an exotic. Particularly the 2007 Aston Martin V8 Vantage. I have seen a few US examples selling for $35,000 USD. This is roughly $45,000 CDN. If I pay cash there will ...
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1answer
156 views

Tax question about selling a car

Hi I am thinking of selling my car. It is a very nice car, and I would have paid quite a bit in sales taxes. I live in Colorado. I want to sell the car because of a few reasons. Biggest being that I ...
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2answers
1k views

How can someone else sell a car with my name also on the paperwork?

I just found out from my x that he got a new car but my name was still on the old one and I never signed any paperwork when he traded it in. How can a car dealership do that with my name still on it?
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1answer
2k views

Can a F-1 student visa holder loan a car from bmw?

Here is a little bit background: I am currently an opt(F-1) student working at a company as a software developer. My company is actively working with a law firm to get me a work visa. A couple weeks ...
8
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4answers
2k views

Is this follow-up after a car crash a potential scam?

A few nights ago I had an accident with another car. I hit their bumper bar, put about a tennis ball size dent. No damage was done to my car. I didn't tell them that I had insurance. Just putting ...
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1answer
77 views

Need help to find the amount more for a payment

I have been using the given formula to figure out if I got a loan of $7,000 at 7% annual interest, how much more is the monthly payment for a 12-month term than for an 18-month term?
4
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1answer
643 views

How is Fiscal horsepower calculated in Spain?

The annual circulation tax (Impuesto sobre vehículos de tracción mecánica) is imposed in Spain on an annual basis based on a Fiscal horsepower. Does anybody know the formula for calculating fiscal ...
22
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11answers
6k views

How much should a new graduate with new job put towards a car?

What is a responsible amount to put towards a car if my new job will pay $95k and I have almost $7k in the bank? I also have approximately $30k in student loans I have to pay.
3
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1answer
91 views

Car insurance with foreign and domestic Driver's License

I am currently living in the U.S. I am looking to get a car insurance and wonder how they calculate my rate. As I know it from Germany, they calculate the risk with a formula depending on where I live,...
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2answers
5k views

I bought a new car for a month and wanted to return it

Here is my story. I bought a car about six weeks ago on march. I realized that I was actually paying a lot more than the price in the car advertisement. I bought a Honda Odyssey 2016 that is supposed ...
4
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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 ...
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2answers
244 views

Any creative options for purchasing a used vehicle with cash

Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking. What options are there to fully take advantage of this situation? My ...
4
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1answer
116 views

person on loan with cosigner

My son is buying a vehicle and the person on the loan as a co-signer broke up with him. My son has made almost all of the payments. Now when the loan is paid off, how does my son get his ex's name ...
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1answer
161 views

Cancel road hazard tire insurance after purchase

I got some tires for my vehicle yesterday. I signed the work order and dropped off the vehicle; my spouse picked up the vehicle and paid the bill. On the bill was an $80 charge for road hazard ...
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1answer
84 views

Auto liability insurance and underinsured policy

I live in MA. Recently I was in an accident where the over driver was at-fault 100% and is not contesting this. I was moderately injured and had several dr appoints and tests for broken ribs and being ...
2
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1answer
254 views

Company Leased Car - Transfer from a colleague

An employee in my org got a company leased car and he is planning to transfer the lease. EMI: Rs. 15300 Tenure: 60 months Already paid 25 EMIs = Rs. 382500 Remaining 35 EMIs (that ...
3
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3answers
4k views

Leasing a car I intend to buy

I'm aware of the usual pitfalls of leasing a car (I found this question very helpful) and I know the general rule is that if you can't buy the car in cash, you can't afford it. However, I need a new ...
10
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1answer
7k views

Oh, hail. Totaled car, confused about buy-back options

I have a Toyota 4Runner Limited - V8, 4x4, nav, you name it. During our oh-so-wonderful hail experience last week (I was momentarily knocked our by a softball-sized chunk of the stuff), it received a ...
0
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1answer
493 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 = ...
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1answer
98 views

Car under the dealer's warranty

I just bought a car from a dealer and according to the law, they have provided a 3-month warranty to pay half a price for the repairs in case the car breaks. The car broke down and I need to have it ...
19
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4answers
54k views

Only my husband's name is on the car title. How can I protect my ownership in case of divorce or death?

My husband bought a car. Only his name is on the title because my credit is not good, but his is very good. But I am going to pay the car loan and the insurance. I would like to know if it's ...
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4answers
2k views

Is it better to buy this used car from Craigslist or from a dealership?

I was looking for a cheap car and noticed that I can buy a 2006 Toyota Prius with more than 200k miles off from Craigslist for $3500 or the same Prius with a little less than 100k from a dealership ...
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0answers
444 views

Would I have to pay tax when transferring a vehicle title from a family member across state lines?

I have a reservation for a Tesla Model 3 and just found out that my brother recently got a Model X. Tesla says they plan to give priority to previous owners, so I was wondering if it would make sense ...
2
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1answer
704 views

Does Edmunds get a kick-back from the use of Edmunds Price Promise?

A family member is in the market for a "new" car (Not necessarily brand new) and is interested in using the Edmunds Price Promise service to save time finding contacts (and then contact them manually) ...
4
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1answer
424 views

New Car VIN number changed for Rav4 Limited Hybrid Black exterior at the Toyota Dealership

About 3 weeks back I gave $1000 for a Toyota Rav4 Limited Hybrid at the dealership who promised me that i will get one in their list and he showed me the list. I took a copy of the list which showed ...
4
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2answers
5k views

Where are all those unsold vehicles?

Every year, every car manufacturer produces tons of cars. And of course, not all of them are sold during the year. My question is where are all those unsold new cars reside? If I go to a dealership (...
6
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5answers
2k 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 ...
88
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12answers
54k views

Is there any way to buy a new car directly from Toyota without going through a dealership?

I'm so tired of haggling with the dealers at a local Toyota dealership. They are not only pressing, but also aggressive, condescending and mean. I want to cut the middleman. I know exactly what I ...