• Why do people immediately think I'm financing when I say I want to buy a new car?

    I'm 20 years old and I'm saving nearly every penny I get so I can get a new car. I make $300-$600 a week. I'm not going to spend all my money on it. I want to have a little bit left over in case anything goes wrong with the car. The car I have now is getting ready to completely give out. I've had it... show more
    I'm 20 years old and I'm saving nearly every penny I get so I can get a new car. I make $300-$600 a week. I'm not going to spend all my money on it. I want to have a little bit left over in case anything goes wrong with the car. The car I have now is getting ready to completely give out. I've had it since I was 18. I've kept it up nice and taken care of it. A car for less than $1000 doesn't usually last for 2 years. I want to get a newer full size sedan (2010 and up). Literally everyone I talked to has said "Just drive an old car. You don't want a loan at this age. The interest will be high and so will the payments." I tell them that I will only ever pay cash for a car. I will be going back to college when I do get a new car and I think it's best to not have to worry about if it will break or if I can afford the payment this month. If it's paid in full, I won't have to worry about payments. I'm wondering why do people immediately jump to the conclusion that I'll take a huge loan for some expensive and flashy car? I always thought it was stupid when someone does that and then complains they can't afford it. Why do people always think I'm going to take a loan? I know a lot about cars so I know what to look for when shopping.
    14 answers · 1 day ago
  • How do you sell a car you’re upside down on?

    Best answer: Simple. Don’t sell it. You say it’s a nice car, newer, good condition and you don’t have problems paying for it. If all this is true, WHY SELL IT? You know you’re looking a financial loss. You know you’re going to lose a lot of money. So just keep it, drive it, enjoy it and pay off your debt to the lender.... show more
    Best answer: Simple. Don’t sell it.

    You say it’s a nice car, newer, good condition and you don’t have problems paying for it. If all this is true, WHY SELL IT? You know you’re looking a financial loss. You know you’re going to lose a lot of money. So just keep it, drive it, enjoy it and pay off your debt to the lender.

    You’ve provided no valid reason to sell this car.
    13 answers · 2 days ago
  • Thinking of giving my car voluntary repossession back to the bank so I can have less bills to pay taxes, is it a good idea?

    Best answer: You're not getting the "feel-good" answer you want, and you're giving everyone a "thumbs down" because of it. Pretty silly. Keep in mind, after they sell the vehicle at auction for pennies on the dollar, they'll want that money NOW, and will sue you if you cannot come up with it... show more
    Best answer: You're not getting the "feel-good" answer you want, and you're giving everyone a "thumbs down" because of it. Pretty silly.

    Keep in mind, after they sell the vehicle at auction for pennies on the dollar, they'll want that money NOW, and will sue you if you cannot come up with it quickly. They'll win, and could possibly garnish wages depending on what state you live in. So, when you're done, you have a repo AND a judgment against you.

    It's a very myopic (short-sighted) decision to do this. Sure, it'll save you money monthly now, but you've handicapped yourself for 7-plus years.

    If you're up-to-date on payments, see if they'll defer a month or two to let you get caught up financially.
    12 answers · 2 days ago
  • Buying Used Car: Whats the oldest year & highest mileagee you'd purch?

    Best answer: The oldest: five years. The highest mileage: 50,000 miles. I am a retired claims adjuster with 30 years experience handling auto claims.
    Best answer: The oldest: five years. The highest mileage: 50,000 miles. I am a retired claims adjuster with 30 years experience handling auto claims.
    9 answers · 23 hours ago
  • Will the dealership sue me for such a small balance?

    The 2004 Jeep Grand Cherokee is not even running right now and I owe them $2,200 you think they'll come after me for that super small balance? I will they just take the car probably crush it? I never deal with this situation before so I don't know what to expect but at the same time why would they put so... show more
    The 2004 Jeep Grand Cherokee is not even running right now and I owe them $2,200 you think they'll come after me for that super small balance? I will they just take the car probably crush it? I never deal with this situation before so I don't know what to expect but at the same time why would they put so much energy into $2,000 when they can deal with a more expensive balance with their other customers I mean they already wipe the engine cost away they put a new engine inside the Jeep Grand Cherokee and I was supposed to pay them $2,000 but they just pretty much wipe my debt away and told me not to worry about it so why can they do the same thing for the payoff on this Jeep I think they're not even going to bother if I left them repo it what do you think?
    17 answers · 3 days ago
  • Buying a car trouble. Please see details?

    Best answer: Three problems you're going to run into: First, You're only 18, and have no credit/credit history. Second, no lender will loan money to a first-time buyer for a twelve year-old vehicle. Third, lenders have minimum lending amounts. Typically, they won't lend less than $6000-$7000. Just not happening.
    Best answer: Three problems you're going to run into: First, You're only 18, and have no credit/credit history. Second, no lender will loan money to a first-time buyer for a twelve year-old vehicle. Third, lenders have minimum lending amounts. Typically, they won't lend less than $6000-$7000. Just not happening.
    11 answers · 2 days ago
  • Car advice please help?

    I have 6 thousand dollars in my savings should spend 5,400 on a 2012 Chevy Cruze with 90 thousound miles and buy the car paid in full or should I finance something?
    I have 6 thousand dollars in my savings should spend 5,400 on a 2012 Chevy Cruze with 90 thousound miles and buy the car paid in full or should I finance something?
    10 answers · 2 days ago
  • Car financing?

    Can you finance a car with a credit score of 517?
    Can you finance a car with a credit score of 517?
    8 answers · 1 day ago
  • Is it true that Black color looks great on each and every car?

    I've never seen a black car & though that it doesn't suit.
    I've never seen a black car & though that it doesn't suit.
    16 answers · 5 days ago
  • How much would someone's car payments be if they put 4,000 dollars down on a 20,000 dollar car?

    About how much would the payments be? If someone bought like a Toyota and put 4 Grand down. Answers?
    About how much would the payments be? If someone bought like a Toyota and put 4 Grand down. Answers?
    10 answers · 2 days ago
  • How can I trade in my car?

    I’m currently building my credit, and have been financing my current car for the past year now. Is there any way in the future that I can possibly “return” my current car to the dealership and get myself something else different? I’m new to this so I don’t exactly know. But one of my co-workers said when she got... show more
    I’m currently building my credit, and have been financing my current car for the past year now. Is there any way in the future that I can possibly “return” my current car to the dealership and get myself something else different? I’m new to this so I don’t exactly know. But one of my co-workers said when she got her SUV, she still had more payments left due of her past car but it transferred to the SUV she is currently paying off. Does that make sense? If it does, can someone explain to me how I can possibly do that in the future?
    6 answers · 8 hours ago
  • Best car for a 17 year old?

    Best answer: Honda Civic or Toyota Camry. you can find used cars for decent prices with good mileage on it. even if it's a little more expensive, it'd be better to buy used from a dealer than private party. that way it's certified safe to drive, along with some standard warranty. look on sites like edmund.com... show more
    Best answer: Honda Civic or Toyota Camry. you can find used cars for decent prices with good mileage on it. even if it's a little more expensive, it'd be better to buy used from a dealer than private party. that way it's certified safe to drive, along with some standard warranty.

    look on sites like edmund.com or kellybluebook.com to find values for cars depending on features, make and model, year, gas mileage on it, and it'll give you estimates on what it should be worth.

    both Honda's and Toyotas get great gas mileage. so if you drive a lot, start there.
    12 answers · 3 days ago
  • When a car is sold to someone, who is responsible for paying the SMOG and repairs on a car after I have released liability?

    I sold my car to a co-worker AS IS a few days ago. I told him everything I knew that needed to be fixed and about the "check engine" light. Let me say that the car has always passed the SMOG.Anyways, he took it to get a SMOG and it failed. I think he wants me to pay for everything now. I don't... show more
    I sold my car to a co-worker AS IS a few days ago. I told him everything I knew that needed to be fixed and about the "check engine" light. Let me say that the car has always passed the SMOG.Anyways, he took it to get a SMOG and it failed. I think he wants me to pay for everything now. I don't think it's fair since he already knew about all the things that was wrong with the car at the time and he knew that I was selling it AS IS. Legally, is it the buyer's or seller's responsibility to pay for all of that?
    15 answers · 4 days ago
  • How can I trade in my car?

    I’m 19, so I am very new to building my credit and what not. I’m currently leasing a 2016 Volkswagen Beetle for two years now and I’ve never had a late payment. I’ve been looking into possibly getting a two-door Jeep Wrangler. Is there any way I can do a trade in, even though I still have at least three more years... show more
    I’m 19, so I am very new to building my credit and what not. I’m currently leasing a 2016 Volkswagen Beetle for two years now and I’ve never had a late payment. I’ve been looking into possibly getting a two-door Jeep Wrangler. Is there any way I can do a trade in, even though I still have at least three more years left? How does that work?
    7 answers · 1 day ago
  • Should I consider purchasing a car? Please see details.?

    Best answer: It's unwise to take out a loan on a $5000 car. Why? Because any $5000 car you'd find is probably fairly old and higher mileage. Older, higher mileage cars tend to need repairs sooner than later. If you take out a loan and something expensive breaks (especially if it's something that is so expensive... show more
    Best answer: It's unwise to take out a loan on a $5000 car. Why? Because any $5000 car you'd find is probably fairly old and higher mileage. Older, higher mileage cars tend to need repairs sooner than later. If you take out a loan and something expensive breaks (especially if it's something that is so expensive it makes no sense to fix and/or something you simply can't afford to fix), then you're stuck with car payments on a car you can't drive. It's actually somewhat difficult to get a car loan at all (at least one that doesn't have an insanely high interest rate) on a $5000 car for that very reason. You'd have little incentive to keep paying on the loan if the car craps out on you during the term of the loan, and lenders are well aware of that fact.

    What you should probably do is wait and save up enough cash to buy a cheap car outright instead. At least if that car craps out after you've paid for it in-full, you don't owe anybody anything for months or years after the fact AND you're not paying a bank interest on top of the cost of the car either. Good luck.
    6 answers · 10 hours ago
  • Can I sue a dealer if I bought the car as is ?

    I purchase my first car and only had it for 4 months I got it August 11 and it broke down December 11 the motor went bad and it’s gonna cost me $6000 to plus $1000 to get the suspension replace also, the car is worth 7,000 with 122,000 miles and btw it’s a 2012 Honda Accord what to do? I need help
    I purchase my first car and only had it for 4 months I got it August 11 and it broke down December 11 the motor went bad and it’s gonna cost me $6000 to plus $1000 to get the suspension replace also, the car is worth 7,000 with 122,000 miles and btw it’s a 2012 Honda Accord what to do? I need help
    28 answers · 5 days ago
  • Sub lease a bank owned car?

    Im financing a car from my dealership but i need to sell it and no one is willing to pay the payoff amount. Is it a good idea to let someone take over my car payments if we draw up a contract and he has insurance and so on? what are the risks?
    Im financing a car from my dealership but i need to sell it and no one is willing to pay the payoff amount. Is it a good idea to let someone take over my car payments if we draw up a contract and he has insurance and so on? what are the risks?
    8 answers · 2 days ago
  • Is it possible to get a repo back before paying full amount due?

    I have an 2005 Nissan from a shady used car dealership. I’ve already paid 3x’s it’s value, because I did know what I was doing when I first brought it. It currently has a check engine light on. I was behind on my car payments after I lost my job. About 700$. I explained my situation, but the receptionist (I... show more
    I have an 2005 Nissan from a shady used car dealership. I’ve already paid 3x’s it’s value, because I did know what I was doing when I first brought it. It currently has a check engine light on. I was behind on my car payments after I lost my job. About 700$. I explained my situation, but the receptionist (I couldn’t get past her) refused to hear of it & demanded I bring the car back or tell them where it is unless I pay the full 700$. I offered to pay double payments until I caught back up, still refused to accept any weekly payments until full amount owed. So I stopped calling & just kept driving. They’ve caught up to me & my car was taken today at my job, I gave up my keys. I have a good job now, but I don’t have a sum of money sitting around to give them but I can still offer double weekly payments and a higher interest rate added? If I talk to someone other than the receptionist. I don’t know what else to do. I can’t miss work, then I’ll have a worst problem. Will dealerships work with people in that way after a repo? Or am I just S*** out of luck? Please don’t say rude things. I already feel bad enough, I just want so advice?
    14 answers · 4 days ago
  • Why do people always think because a car is old it's something wrong with it and if it's an up to date car it's good?

    Best answer: I own a 1959 English Sports Car and there is NOTHING wrong with it because it has been meticulously maintained.
    Best answer: I own a 1959 English Sports Car and there is NOTHING wrong with it because it has been meticulously maintained.
    21 answers · 5 days ago
  • I want my own car?

    Best answer: You have to consider the car price, insurance, fuel, mot tests etc. it costs a lot to have a car. You won't be able to buy one on your own until you save a lot and have a steady job
    Best answer: You have to consider the car price, insurance, fuel, mot tests etc. it costs a lot to have a car. You won't be able to buy one on your own until you save a lot and have a steady job
    8 answers · 2 days ago