Cars & Transportation: Buying & Selling: “Question: Can i return a car to a dealership if is not under my name?” plus 5 more |
- Question: Can i return a car to a dealership if is not under my name?
- Question: If I find an auto lease online at a dealership far away, how can I go about getting that lease locally?
- Question: Hi guys! I'm in the market for a car. Most likely used, but open to new. I don't quite know how car loans work....?
- Question: Are saturn auras good cars reliable?
- Question: How many service history records does a 8 year old car usually have on carfax. Looking to buy a 2007 Volkswagen Jetta Wolfsburg edition.?
- Question: What are my options on trading a car after owning it for only 5 months. I owe 23.6k. My situation changed & need an suv. 14 focus st 21k odm?
| Question: Can i return a car to a dealership if is not under my name? Posted: 18 Nov 2015 08:19 PM PST Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel  |
| Posted: 18 Nov 2015 05:37 PM PST The savings, if any, wont be material. All leases are going to depend heavily on your credit,income and time on job. Most dealers will match another dealers legit price. Chances are the lease you read about is for WELL QUALIFIED BUYERS. (That means 70% or more wont qualify) |
| Posted: 18 Nov 2015 03:53 PM PST Lets start with the basics. Any loan comes with a cost to borrow that money. The cost to borrow money is called interest. Interest is a percent of the money borrowed. APR stands for Annual Percentage Rate or the interest calculated over a one year period. Don't get too bogged down in the term APR. Just remember that interest is the cost you pay to borrow money. The interest you pay is determined by the amount of risk the lender takes on to let you borrow their money. A high risk borrower will pay a higher interest rate because they are a greater odds for defaulting on the loan. The lender determines your risk factor by looking at your credit history(how long have you been borrowing money) and your credit score(your behavior in reference to paying back your financial obligations), your time on the job (the longer the better) and your income (the higher the better), debts(low debt is good) and other financial obligations(who else do you owe money too including rent and living expenses). Right now in the economy we are in, interest rates are low. A good credit customer buying a brand new car today should expect interest rates around 1.99% - 3.55%. High risk credit will cost you 20% or more. If you are being quoted, for a verified, confirmed guaranteed loan (not a speculation or a promise) anywhere under 10% you're in a good place. Especially if you are young. Now here's the important part. You can and you should shop around for the best loan, just like you shop around for the best car. DO NOT let the dealer force you into their lending offers. You have the legal right and an obligation to shop around for a good loan, just like you shop around for a good car. Get several offers. Go to a local Credit Union. Go to your bank, the one you use every day, you have an established relationship with them already. GO online (although I would not recommend this over a local bank or Credit Union). Last thing you do is get the dealers offer. In almost every case the dealers offer will be the highest. Unless they are offering a subsidized loan thru the manufacturer the dealer can rarely beat a local lender. But the absolute best way to buy a car is to save your money and pay cash for it. |
| Question: Are saturn auras good cars reliable? Posted: 18 Nov 2015 01:28 PM PST Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel Report AbuseAdditional DetailsIf you believe your intellectual property has been infringed and would like to file a complaint, please see our Copyright/IP Policy Report Abuse Cancel |
| Posted: 18 Nov 2015 01:28 PM PST If the information is valuable to you then it's worth the money. 45 records alone means absolutely nothing unless you know what those records are. One might be for an oil change, the other might be for a rebuilt transmission. If the owner took the car back to the dealer for all of his service 45 records is a good thing because it will list every repair or service the car has ever had. If those records include accidents, odometer discrepancies, paint work or major mechanical failures it makes a difference. Buy the report and read it. |
| Posted: 18 Nov 2015 09:12 AM PST There are no options. You owe $23,600 on the loan. You must sell that car for at least $23,600 or you're going to lose money. Trading it in is the same thing as selling it. The dealer is just the buyer. If you can't get $23,600 for the Focus then you need to determine just how much money you can afford to lose. If the dealer only offers you $20,000 for the car can you realistically afford to lose $3,600. What if the dealers offer is only $15,000. What are you going to do? Your going to keep the car and you will not be trading it in, that's what you're going to do. It's unfortunate that you situation has changed but you're going to have to deal with it in a 2014 Ford Focus. Your only real option is to give the car up to voluntary repossession but you'll still owe the bank the difference between what you owe and what they sell the car for at auction. Either way you owe. |
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