Saturday, October 31, 2009

I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

I want to know also what would my monthly payment be @ your calculated apr!!!



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

interest rates vary on more than just credit rating alone. the year of the vehicle you are getting, the term you are financing for, and also the equity (loan to value-ltv) of what your financing. states vary some in interest rates and dealers can mark up the rate as well. but even with dealers marking up the rates they can often get you a better interest rate than what you can arrange yourself. you also tend to get better service from that dealer when you do finance it with them. new cars right now on 60 month terms usually range from 6.5% to 8% depending on the bank and the above mentioned variables.



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

..It really depends on the lender...I financed $15 k at 6% which = about $300 a month.



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

Your APR depends on the dealership.



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

can%26#039;t be answered...different banks, dealers etc...have different rates...you need to call banks etc, where YOU live to find that out.



(no two states are the same in how they handle banking and interest.....did you know CO doesn%26#039;t allow branch banking...)



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

If you get one of those 0% deals for 60 months, you payment would be only $300 per month.



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

Your APR will be about 5 -7% depending on the state your in. For a $18,000 car your monthly payments with nothing down will be about $ 350 for 5 years



I want to buy a new car and have excellent credit rating if i financed 18k what would my apr be?

How about 0%... many new car dealers offer 0% interest or .9% for tier 1 credit..and your payment depends on the length of the loan. 18K for 36 months and your payment is $500.00 Worst case say 18K for 48 mo @ 6% = $422.73 (assuming your including tax, title, destination fee, and etc in the $18K)

Does the dealer have to tell me if my car was wrecked?

My husband and i bought a car in april of this year, its an 05 hyundai tiburon, it had around 43,000 miles. we put 2500 down and financed 17000. So all together we are paying 19500. The car is in excellent condition inside and out. We just found out we are 3 months pregnant and so we started looking into getting a bigger car. We went to a dealership that would buy our car even if we didn%26#039;t buy one from them. they came back and told us our car had been wrecked in may of 06. They said the frame was bent, and a rear panal had been replaced. They also said they would not be able to resell because it was not a safe car, so they would only be able to give us 9500. The dealership we bought it from was a Hyundai dealership, and we new the car was used obviously, but not in a wreck. I am from Colorado, and I wanted to know if the dealership legally has to tell us about a car being in a wreck, especially if they sell it for close to full price , and if there is anything we can do about it now? We do not feel safe in this car anymore. And i also have a 3 year old. Please help



Does the dealer have to tell me if my car was wrecked?

If it wasn%26#039;t totalled, I don%26#039;t think they have to tell you anything. And on a car that new, it takes a LOOOT of damage to total it. So you could still have a frightening amount of damage and have it be worthwhile to fix the thing.



You should have run a Carfax check on every single car you looked at. Unless the repairs on your car were poorly done, that%26#039;s probably how the dealership found out about it. You wouldn%26#039;t have gotten into this mess in the first place. If you%26#039;re serious about buying a new car right now, get a 1 month Carfax account. I think you now know what it%26#039;s worth.



And that is: the thousands of dollars you are probably going to lose on this Tiburon if you can%26#039;t find some other sucker to pawn it off on. You%26#039;re probably going to have to sell the car yourself if you want to get a reasonable amount of money out of it.



The car COULD be perfectly safe, but there%26#039;s a CHANCE that it isn%26#039;t. That%26#039;s why cars that have been in serious accidents are worth less that cars that haven%26#039;t and why the difference is so much more pronounced on newer cars like yours.



Honestly, I think the dealer%26#039;s offer isn%26#039;t too bad, if he%26#039;s telling you the truth. Get Carfax and check yourself. If the dealer is lying to you about the damage in order to drive your trade-in price down, tell the scumbag to go masturbate in hell. If he%26#039;s not, consider the offer, but remember you can probably get a couple grand more selling it yourself.



Oh yeah, and remember, while major non-totaling accidents USUALLY show up on Carfax, they don%26#039;t ALWAYS. You might want to have a body shop look at your car as well to confirm the dealer%26#039;s story. There should be SOME evidence of the repair.



As for getting another car to begin with: My parents hauled my brother and I around in a 1979-ish Dodge Colt for 2 or 3 years (and that was replaced with a Monte Carlo, so it was still a coupe). You do not need a larger car. You will not need a larger car until the first kid hits puberty. The Tiburon is a fairly safe car, and this one PROBABLY still is as well. Probably.



Does the dealer have to tell me if my car was wrecked?

yes they are suppose to tell you it was a salvage title , meaning it was an accident



Does the dealer have to tell me if my car was wrecked?

yes they are suppose to declare wrecks or any other defects that they know about. call them up a find out what they say, if they don%26#039;t give you satisfaction sue them



Does the dealer have to tell me if my car was wrecked?

It is likely the dealer had no idea it was wrecked. I post a car fax on every used car that we sell. You can request a car fax from the dealer prior to buying the car. From the car fax you can get information as to rather the car was salvaged (Meaning the damage to the car exceeded the value) or if the title is a clean title. Not every wrecked car is totaled nor is every wrecked car listed as salvaged. I would contact the dealer and find out who did the repair job. I doubt the CarMax gave you accurate information about the car, we wanted to sell our 98 ford Windstar to them. They told us the same thing, I told them flat out that they where lying as we are the original owners of the car and it had never been in any type of accident at all. I have heard stories like this many times from people who go to car max and sell their cars. when they do this it because they have too many of them and don%26#039;t want to buy it, or they are trying to get the car as cheap as possible so they can make larger profits off it. chances are the car is fine and if involved in an accident was repaired perfectly. I would take it to an auto body shop and have it inspected for more information. Personally I think they where feeding you a line.



Does the dealer have to tell me if my car was wrecked?

You definitely have disclosure issues with the selling dealership, but to make sure of the legal aspects of it you will need to seek professional counsel... good luck..rake em over the coals....



Does the dealer have to tell me if my car was wrecked?

Yes, the dealership has to disclose that it was in a wreck. Go have somebody that works on cars and have the car checked out to see if it was wrecked for sure. Maybe they are saying it was in a wreck, just so they don%26#039;t have to pay a big amount. I don%26#039;t know if anything can be done now. You might call the Better Business Bureau and ask them what you can do, or who you can ask. I had a fully loaded 2005 Hyundai SantaFe, fully loaded. I traded mine in for a new vehicle and only got 13,000 for a trade-in. My car only had 27,000 on it. Hope this helped.



Does the dealer have to tell me if my car was wrecked?

if i was you i would try to get them on the lemon claws but you have to do it fast don%26#039;t know the time frame on it try to talk to a lawyer!!!!! good-luck!!!!!



GET a vehicle history report before purchasing a used car!!!!



all you need is the vin. number!!!!



Does the dealer have to tell me if my car was wrecked?

BY LAW THEY MUST DISCLOSED THIS INFORMATION TO YOU AS LONG AS THEY KNOW OF IT AND REMEMBER THAT THIS %26quot;AS LONG AS THEY KNOW%26quot;.



MOST OF THE TIME THEY DO KNOW BUT THAT INFO GETS LOST IN THE CRACKS, JUST BE CAREFUL AND ASK THEM TO SUPPLY YOU WITH A COMPLETE REPORT FOR YOU FREE OF CHARGE.



Does the dealer have to tell me if my car was wrecked?

I dont know your state laws but I think they have to tell you if the title has been salvaged or rebuilt. Get it inspected by the state to see if they think its not safe.



Does the dealer have to tell me if my car was wrecked?

Yes, they should have told you, but you should have asked for a Carfax History Report to insure that it has not had any previous problems. Since it has only been 7 months since you had bought the car, you can go back to them and see what they tell you. To be honest, if you do not have actual evidence saying that he did not tell you that the car has been in a wreck, you do not have much of a chance of winning a court case against them. Also, you really over payed for the car. A car should be losing at least a quarter of its new car value when it has almost 50000 miles on it when you bought it.



Does the dealer have to tell me if my car was wrecked?

Ok, here we go... for starters, I understand you wanting a different vehicle based on the fact that a rear seat in a Tiburon sucks when there is a car seat in it.. you have to be quite a contortionist and have major upper body strenght to put a kid in and pull them out of a rear ward facing car seat(if one will even fit in the back seat, otherwise, sounds like you will be having lots of fun getting in and out of the back.



Next, as far as the dealership, they should disclose to you any major damage, as long as it exceeds by a certain percentage the total value of the car. So, for example, if a car is worth 15k, and the benchmark is 50%, they would have to disclose any accident exceeding $7500 in repairs. This is assuming they knew of the accident, which some do, and some dont.



I am guessing that Carmax has pulled a carfax, because they are quoting a specific month and year for the damage, which is how a carfax usually reports. See if you can post on here to see if someone will pull a carfax for you on their account. Some people here have unlimited accounts, and as a nice gesture, in a case like yours will pull it for you.



My advice is to go to some different dealers, and see what kind of deal you can make. Most dealers do not pull a carfax, and unlike them, you are not required to disclose damage you know about to them. It is not the most moral and ethical thing to do, but it is a solution to YOUR problem.



However, you seem to owe an awful lot of money on this tiburon. Did you get any additional items (warranty, credit life, etc? If so, you can cancel for a refund of any unused portions). You might have a situation where you are in a negative equity situation. You will find out soon enough.



Good luck with everything.

What happens if I only have liability coverage on my new car?

I just bought a new car, and I only have liability insurance, will the finance company contact me and ask for me to raise it to full coverage or no?



What happens if I only have liability coverage on my new car?

Yes, when you purchase a new car, you sign a contract stating that you will have comp/coll coverage, (usually refered to as full coverage) on your car within 30 days. If you do not comply with this, they will put a %26quot;Force Insurance%26quot; on your vehicle. This will increase your car payment. I suggest that you find insurance on your own, it%26#039;s way cheaper. If you dont have comp/coll coverage, in case of a total loss, you will still owe your finance company for the car, even if the car is a total loss.



What happens if I only have liability coverage on my new car?

Nothing, unless it%26#039;s financed. If it is, and you don%26#039;t put on full coverage, they will at their rates and add it to your bill. Believe me, you don%26#039;t want to pay their rates. Talk to your agent. Ask about GAP coverage too.



What happens if I only have liability coverage on my new car?

Nope, its your choice. I would only get liability unless you happen to be a bad driver and can afford it.



What happens if I only have liability coverage on my new car?

Yes they will, they need to protect their investment and at the same time you will be protected and not sued.



What happens if I only have liability coverage on my new car?

They require you to cover the vehicle in full. They will require a copy of the insurance declaration stating that you have full coverage and that you list them as an additional insured. If you don%26#039;t go out and get the insurance, they will get it for you for about 4-5 times the normal rate.



What happens if I only have liability coverage on my new car?

If you read your fine print, I am sure that the financier required full coverage insurance as a condition of the loan. I would be careful, that same fine print usually allows the company to charge you whatever they choose to provide that coverage if you fail to obtain it on your own. Get some low cost insurance from companies that have to keep the rates competitive before you get royally screwed.



What happens if I only have liability coverage on my new car?

if the car is financed, they will place lender insurance on it and it will cost you about 3 times as much than if you just put it on your policy.



What happens if I only have liability coverage on my new car?

Here in Pa. just about every lending institution around requires that you carry full coverage before they will lend the money. What happens if the car is stolen or wrecked %26amp; you just have liability? You still have to make the payments %26amp; you no longer have the car. They insist that you carry full coverage to protect their investment.



What happens if I only have liability coverage on my new car?

for anyone to say that %26quot;its your right%26quot; is really stuiped. yes you need full coverage if your car is not paid off-if you fail to do so-you will be stuck paying the rate of the finace co and that is going to be alot-just get full coverage and dont worry about it-



What happens if I only have liability coverage on my new car?

The last time I financed a car, they wanted to see coeverage before I could drive it off the lot.



when I paid cash for a car, they didn%26#039;t really care. They wanted to see the insurance, but it didn%26#039;t matter to them. They had their money.



Get the insurance and tell the finance company you have it and give them the policy number. If you are in a wreck and the car is totalled then the check will go to the finance company inastead of you, so they have theri money first.



Good luck



What happens if I only have liability coverage on my new car?

So if you have a leinholder, or loan, the finance company requires damage to your auto coverage until the note is paid in full. If you do not get your own %26quot;full%26quot; coverage, called Damage To Your Auto, or Collision and Comprehensive, then they will add what is called %26quot;force-placed insurance%26quot;



This is sooooo much more expensive then your own policy. So, if you must, call your insurance company up, choose the highest deductibles you can, usually $500 with a finance company, then you wont have future issues. Make sure to tell your insurance company who holds the loan so the proper forms get sent to them. If you get a letter from the finance company give that to your insurance agent.



What happens if I only have liability coverage on my new car?

Yes, they probably will, I know when we bought our car 2 years ago it was financed through my bank and I had to have full coverage on it. That was a have to in Texas that way if I have an accident it will cover what I owe on it. I went with Geico insurance and told them I Financed my car through my bank and I wanted the bare min. on what you had to have on full coverage, other wise they stick a bunch of other crap you don%26#039;t need and it cost me like 52.00 a month!



What happens if I only have liability coverage on my new car?

You bet. If you DON%26#039;T get full coverage the finance company will take out vendors single interest insurance on your car and add the cost to your monthly payment (about double what normal insurance costs).



What happens if I only have liability coverage on my new car?

I would be surprised if the loan agreement you signed did not have a stipulation that you insure for collision and comprehensive with a certain specified minimum deductible.



Undoubtedly the finance company will be contacting you asking you to provide proof of coverage.



Read your contract. If it%26#039;s required (it will be), get the insurance.

The engine and chassis numbers on car dont match papers, why?

My b/f bought me a car and I want to resell it. A potential buyers finance company told me to give them the month of manufacture so I looked at the compliance plate and the vin and engine numbers were different to the ones on registration. The finacee company wanted to come out and check that the numbers matched. I rang my b/f and told him and he told me to ring them and cancel the sale, which I did.



I checked the numbers on the car for encumberences and it has a debt. My boyfriend says it will be ok to sell and not to get so worried about it.



I am worried that it will come back on me if I sell it and that I might actually have to pay the debt.



Is it possible that the numbers have been changed to avoid the debt being paid and could this have been done legally? Will I get in trouble if I am caught with this car?



The engine and chassis numbers on car dont match papers, why?

hmmm, this happens alot in my country, that they dont match. And, they should match, if then dont, then obviously the car has been tampered with, and that can get you into legal trouble.



1) Either the papers are fake



2) If the car was stolen, then the papers would be fake



3) The engine was replaced, even if it was, the new number should have been adjusted.



4) your b/f doesnt know. But the fact that he told to cancel the deal, that is kinda suspicious.



My advice is, to hold of selling the car. You can maybe independantly go to some car dealers or the right people, and ask them generally about this ( no need to tell them that u have a car like this). See what they say. hope u solve this problem



The engine and chassis numbers on car dont match papers, why?

Because unlike the rest of us you are inventing things to worry about...yea, i%26#039;ll say it , get a life!..if%26#039;n you think he stole it thenyou really are a piss poor judge of people...you get what God thinks you deserve.



it%26#039;s only an insult if%26#039;n it%26#039;s true



The engine and chassis numbers on car dont match papers, why?

Most likely cause...the engine was replaced .

I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

I bought a car and they did not give me much for my trade. They kept my trade and gave me a loaner. The new car is not here yet. I have already gone through finance and signed power of attorney for them to pay off my loan. Is there a way to get out of the contract? Thanks.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

Normally, you will never receive fair value when you trade in a car, you are much better off, selling it on your own. Since it%26#039;s been more than three days, I think you are stuck, whether you%26#039;ve taken delivery or not. Unless you made a statement in the contract, that the sale depended on receiving your new car within a certain amount of time, and that time has passed, then you have what some call %26quot;buyers remorse%26quot;. Next time you go car shopping, be strong and don%26#039;t get talked into doing something that you know in your gut is going to cost you.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

How long ago did this take place? Generally you have up to three days to back out



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

Most likely, you can, BUT it is gonna COST ya EXTRA.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

You got screwed then.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

no if you signed the contract and power of attorney so they can pay off your loan...than NO. when it comes to trade values...it can %26quot;seem%26quot; sketchy...but for reassurance go to www.kbb.com which is where most dealerships use for trade in values (UNLESS you have an older junk car than they%26#039;ll use galves a wholesale book), and look up trade value and under fair to good condition.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

Buyers remorse. This is exactly why you singed a contact with finance. If you purchased from a dealer, I doubt it. You costed them money by taking the time of the salesman and others.



In response to using KBB, it%26#039;s crap. Dealers use a black book that has actual values of vehicles, KBB.org is a tool dealers use to make you think you got a good deal. Look into it.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

probably, but they could have sold your trade in already. so you are probably stuck. just enjoy the new car. i did and i got stuck too.



I bought a new car but is not here yet. I think I got hosed on the trade. Is there a way to get out?

Dealers usually make more money in THIS way than they do on a new car. The give you next to nothing for your car, clean it up and sell it for a premium price. BIG profits.

I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down

We owe $2000 on a car that%26#039;s worth roughly $2000. We%26#039;re trading in in a few months to buy another used car, but upgrade. In the used car lots eyes, how are we going to get a better deal...



A) Pay off our car with our Federal Rebate Check, plus additional funds. Then use our car as the down payment.



or



B) Trade in our car still owing about $1000, give $1000 down payment cash, then finance the rest?



Does it make a difference, how are we likely to get the best deal from a car lot... Any advice would be greatly appreciated!



Thanks...



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

You%26#039;ll get the most money out of your car if you pay off the loan and sell it yourself. dealers will only give you a wholesale value for your car...you%26#039;ll be lucky to get $1000 for it...they just send it to auction so they really don%26#039;t want it all that much. If you sell it yourself you%26#039;ll get double what they give you...use that money as your down payment. That saves you the hassle of negotiating the price of the new car and your car. that%26#039;s the smart way to do it.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

The car probably isnt worth finishing paying off, so I would trade upside down and use the rebate check for a down payment. And let the dealership payoff your trade.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

A) Pay off our car with our Federal Rebate Check, plus additional funds. Then use our car as the down payment.



or



B) Trade in our car still owing about $1000, give $1000 down payment cash, then finance the rest?



Does it make a difference, how are we likely to get the best deal from a car lot... Any advice would be greatly appreciated!



Thanks...



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i would go with a



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

Well you%26#039;re always going to get more for your car if you sell it privately. If you turn it into the dealer, they%26#039;re gonna low ball you and you might not get what you%26#039;re hoping for.



I suggest you pay it off and then try to sell it privately, then go to the dealer and negotiate with just the cash for the down payment.



By the way, we traded our car (which we still owed money on)into the dealer and they took more than a month to send the final payment to our financing company. Then we noticed that the finace company reported a 30 day late on our credit report. then we had to dispute it and it took like three months to get it all cleared up. So that%26#039;s why I would avoid trading in a car when you still owe $.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

Listen to Eee Gee,it%26#039;s the best thing to do.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

Unless it%26#039;s a real dog, keep driving it and put the money away so when the car is paid for you%26#039;ll have some dough for a better car. Put the money in your pocket and not the dealers.Going upside down on a loan is really stupid.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

I%26#039;d stand on my pymnt history to negotiate a very low finance rate and %26#039;sacrafice%26#039; my trade-in as a good faith contribution. O finance fees would be my goal. Be sure to Have all payments sent on time and traced every month. I know this amounts to a fee but, .001% is far less than a single default over the term of the loan. You will gain a huge return for every dollar spent if you follow this simple precedure.



I owe $2000 on my car and am trading in. Should I pay off or trade in upside down and use $ for down payment?

Put your car on Craigslist.org for the payoff amount or a little more. Pay it off with that money.



Talk to your bank, credit union or the company that is financing the car you have now to be pre-approved, this will save you on the interest rate and monthly payments. Use your refund check for the down payment on your new car.

Car Dealership/Downpayment-repo?

OK...I bought a new car, wrote a check for the downpayment, they agree to hold until a certain date, they deposit and it bounces.



In the meantime, everything is sent to the finance company, I make my first payment and I%26#039;ve had the car for 2 months.



The dealership calls about the downpayment and they threaten to %26#039;take the car back%26#039; if I don%26#039;t bring in the downpayment. Do they have the right to do this?



According to the finance paperwork the %26quot;seller%26quot; has assigned it%26#039;s right, title and interest to them so this would lead me to belive %26quot;no%26quot;. I%26#039;m thinking if they even try to take the car they are stealing it because they have NO right to it. Any thoughts?



Car Dealership/Downpayment-repo?

You are in breach of contract and can be sued.



You can also be arrested for theft.



The dealership cannot legally take the car, but they have plenty of other avenues to achieve restitution.



Car Dealership/Downpayment-repo?

hide it, make them spend their money looking for it..



Car Dealership/Downpayment-repo?

They do it is grand theft auto. You never finished paying them for their product. The bank already paid them their portion. You are resposible for paying the dealer and the bank any money owed. Call th the dealer to set up a payment plan.



Car Dealership/Downpayment-repo?

you have no Contract with the dealership. Your contract is with the Finalce Co. No the dealership Can NOT repo the car. They Can File charges on you for Issueing a worthless check.



Car Dealership/Downpayment-repo?

they can possibly take the car back. you wrote a check for the down payment and it bounced. most states, writng a hot check for over 500 dollars is a felony. you could possibly go to jail for the check. they will probably work out a payment plan w/ you.



Car Dealership/Downpayment-repo?

You wrote a rubber check for a down paymemt and you%26#039;re asking if they can repo the car? Of course they can! You%26#039;ll be lucky if they don%26#039;t file check kiting charges against you! You%26#039;re the crimminal in this scenario, not the dealer!



You%26#039;d better have a closer look at the paperwork you signed. Buried in the fine print somewhere is a clause along the lines of %26quot;Checks are accepted subject to collection%26quot; or similar leagalese. Elsewhere is a clause confirming the security interest in the vehicle for any and all funds due under the contract. The dealership got partial payment from the finance company when they sold the note but they did NOT assign the right to collect the down payment to the finance company! You haven%26#039;t paid that yet, and the dealer is fully within his rights to repo the vehicle.



You owe the money. Pay up or risk losing the car. And possible jail time for felony theft.



BTW, if the finance company processes the repo transaction, it will be against you, not the dealer. In reality, the dealer and finance company will probably just roll back the note. But you%26#039;ll be hit with use and collection charges that the dealer WILL go after you for.



I%26#039;m constantly amazed at what people think that they can get away with!



Car Dealership/Downpayment-repo?

Pay the downpayment BUT ask them to cover fees since they deposited early.



Like others mentioned they can take legal action but not repo the vehicle on their own.



Good Luck



Car Dealership/Downpayment-repo?

That is what is known in the industry as a %26quot;Straw Deal%26quot; basically they can and will take the car back, but that is not your worry. The person that told you to hide the unit basically told you to commit a felony. It always amazes me who people give poor advice on here than can get some one in more trouble than they are already in.



Just because you gave them a check and told then to hold it doesn%26#039;t mean that they will or that they have to even if it is post dated and the bank takes it, you are sunk.



If you do not pay for the car you have no right to it and NOW what is worse is that they are going to pass that little tid bit of information along to the finance company who will keep your account flagged for the next 12 to 18 months, if your account is flagged the first time you are late with a payment and don%26#039;t have arrangements, if they will make them with you, you unit will be gone and your chances of reclaiming it are going to be slim to none there is a 90% chance when it gets picked up it is going right to the auction.



The finance company owns that unit and can do what ever they want to with it until you have made your last payment, simple as that.



Here are your bigger worries;



1 ~ THEFT BY DECEPTION, you wrote a bad check and deceived them into taking their property. All they have to do is prove on what ever given agreered upon date you did not have the funds in your account to cover it, a good DA will get you on that one,



2~ ISSUING A WORTHLESS CHECK



3~ And of course if you hide it depending on your state IS a class c or d or a class 3 or 4 FELONY respectfully for withholding property from its rightful owner. Depending on the KBB value of the unit, not the sticker price which is going to be about 20-30% more than you paid plus charges.



If I were you I would either take the unit back or I would take them the money TODAY



This is nothing to play around with.



I know hind sight is 20/20 to a smart person and cloudy for the rest of us, but you should have told the lot to hang onto it until you had the cash to give them for the down payment, even if it was gone when you did get the cash, at least you would not be facing all of this legal crap, and trust me when I say, they will do what they can to hurt you, I see it everyday.

How long does it take for a car repo to get off your credit report?

And does the time start all over again if they assign the account to a new collection agency?



We got in a bad spot and had a car repo in 2002 and the company it was orginally financed through has changed collection agencies twice.



We owed $14,000 on the loan and they sold the car for $5,000 so are we still supposed to pay on the loan even though the car was resold?



How long does it take for a car repo to get off your credit report?

I%26#039;m attaching an answer to another persons question on this topic. It%26#039;s a really good answer that I think applies in your case.



http://answers.yahoo.com/question/index?...



The bottom line is you%26#039;ll still be responsible for the balance of the loan (approx $9,000 loan balance plus the repo fee, driver fee, and storage fees). Since it%26#039;s gone to collection, you may be able to negotiate 50 cents on the dollar.



Good luck. Cleaning credit takes time.



How long does it take for a car repo to get off your credit report?

hi.



soury how are you.



How long does it take for a car repo to get off your credit report?

Good question.



The time only starts over if you deal with the



collection agency. Please, don%26#039;t deal with the collectors.



Always talk to the original company.



It%26#039;s strange... it seems like the collectors lose records



once you make a payment.



Anyway, here%26#039;s a letter at bendover. it%26#039;s a cease and desist



letter. Take that you collector bottom feeders!



http://www.bendover.com/adiobottomfeeder...



We owed $14,000 on the loan and they sold the car for $5,000 so are we still supposed to pay on the loan even though the car was resold?



You%26#039;re suppose to... that said, you know you can talk anything down. Normally, it will stay on your credit record for seven years. They have four to five years to take action in court (depending of state). After that it%26#039;s past the statue of limitation. There%26#039;s a letter for that,also.



http://www.bendover.com/askbenquestion.a...

Auto financing in Arizona?

i am looking to buy a car in Glendale, AZ. does anyone know of the best company to finance through (lowest rates). i have really good credit and i want to finance for 84 months.



Auto financing in Arizona?

Many times the bank that you do business with will have affordable interest rates on car loans. If this doesn%26#039;t do the trick, I know that Citibank often offers reasonable car loans as well.



Below is a link to Glendale banks with their contact info:



http://yellowpages.aol.com/money-and-fin...



Hope you found this useful. Wish you the best!

I am buying my first car and I want to know what the steps are to buying one...?

I need to know what to do first and in what order (see how much you can get financed for, get insurance, etc.) I already know what car I want and I have bad credit. I just need to know the proper steps to take.



I am buying my first car and I want to know what the steps are to buying one...?

You are in the wrong category. There is a section on cars and automobiles that you can search for information and get your question answered.



I am buying my first car and I want to know what the steps are to buying one...?

Steps to buying a car. 3 areas to watch. How much your getting for your trade in (if you have a trade it) How much the new car cost. (play hard ball, act like your going to walk, if it%26#039;s a 2006 or better yet a 2005 they should come off quiet a bit) What type of a finacne rate you get. EVERYTHING is negotiable, including your finance rate.

Am I able to buy a used car without credit established?

I went to a dealership in Ohio where I live, and the salesman said that since I have no credit established, chances are slim that I might not be able to get financed for it. The thing is, it%26#039;s a used car so they%26#039;re trying to get it off the lot, I don%26#039;t qualify for any discounts since it is a used car, and I am signing with my sister, so I will be a cosigner and the car will be in her name.



We both have steady jobs, and I thought we%26#039;d be able to get a car.



I was reading some answers and people have said that it is possible to buy a car without any established credit, so do you think I will be able to buy this car with my sister?



Am I able to buy a used car without credit established?

having bad credit or not having established credit spells the same %26quot; high interest %26quot; should you get approved.



I don%26#039;t understand you saying you don%26#039;t qualify for any discount, good credit or bad the price of the vehicle has got no play, it%26#039;s the interest rate that bothers me as to where you end up.



Study this web page on my site about blemished credit http://www.usedcartips.org/CREDI.html from there take a half hour out of your life and do some study on the site, should you have questions feel free to contact me through the site.



Am I able to buy a used car without credit established?

You%26#039;ll find a dealership that will finance you but you probably won%26#039;t like the rate. That%26#039;s the bottom line, if you don%26#039;t have credit or have bad credit you%26#039;ll get the worst rates. There%26#039;s not much you can do about it unless you know someone with good credit that is willing to cosign with you.



Am I able to buy a used car without credit established?

I don%26#039;t think it is a good idea to cosign anything. That can lead to a lot of hard feelings between two people.



There are some car lots that will finance people with no or bad credit. The price you pay is a higher interest rate. Some of these places are also cut throat. If you are late on a payment they will repossess the car in very short order.



Just be careful if you go with one of these places and never pay a payment late.



good luck



Am I able to buy a used car without credit established?

sure but unless you pay cash



your going to need to borrow money to pay for it.



the finance rate they charge you will be higher than the rates for ppl with good credit



so the car will cost you more, maybe a lot more.



It%26#039;s not a good idea to buy a car with a relative or a friend.



if you wreck the car or one person loses their job. bad feelings will mess up your relationships.



Am I able to buy a used car without credit established?

Buy here pay here dealer. rate will be high, but will help establish credit.



Am I able to buy a used car without credit established?

i see some bold assumptions here... the worst one being that a buy here pay here will establish credit. It will only establish credit if they report to the credit bureaus, and most of them dont. You need to get it in writing that they DO report to the credit bureaus, and that you will get established credit.. the double edged sword is, that if you pay late, that will get reported and you will have bad credit established.

Does a finance Company have a right to repossess my car just for late payments?

Yes they can repo it if you break any part of the contract. There is no law that gives you 3 months..They can legally repo if you are 1.00 behind and 1 day late..Most finance companies will try to work with you unless you have been a problem acct. for the term that you have had it.



The finance companies are beginning to tighten up alot due to the amount of accts. in default..



Make the payments on time and you dont have to worry about it..Good Luck!



Does a finance Company have a right to repossess my car just for late payments?

That would depend on the terms of your loan.



Does a finance Company have a right to repossess my car just for late payments?

yes. you entered into a contract that specified that you will make payments at a specified time and in a specified manner or form. if you did not perform as you contracted to perform you are in violation of the terms of the contract and they have the right, by contract, to seek remedies that allow them to protect their investment.



Does a finance Company have a right to repossess my car just for late payments?

yes...you violated the contract when you did not make the payments.



Does a finance Company have a right to repossess my car just for late payments?

Yes, especially if it is in your contract. However, read the fine print. As they usually give you some type of a grace period, and some of them, notice I said %26quot;some%26quot; will work with you if you call them and let them know what is going on. :)



Does a finance Company have a right to repossess my car just for late payments?

yes if you are at least 3 months behind, they have the right to come and get the vehicle because you did not meet your end of the agreement.



Does a finance Company have a right to repossess my car just for late payments?

Absolutely, but the payments usually have to be pretty late, and they usually would only do it after many attempts to contact you and work something out. You%26#039;ll have to read the conditions on your loand.



Does a finance Company have a right to repossess my car just for late payments?

Yes. By being late on payment, you have violated the terms of your contract. You are in breach. The finance company then has the right to protect their investment by repossessing your car. Most banks or companies will give you three months before they take action to repossess your car, but there is nothing in the law to require that. So they can legally repossess your car if you are one day late. They also do not have to take your late payment. They can return the payment to you and repossess the car.



Does a finance Company have a right to repossess my car just for late payments?

As long as it%26#039;s in the contract, yes.



For best car deals, check this site: http://www.carleasingsecrets.com/.



Does a finance Company have a right to repossess my car just for late payments?

When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you%26#039;ve made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car.



Does a finance Company have a right to repossess my car just for late payments?

Yes.

Question about credit and auto financing...?

I have generally poor credit - although it is steadily improving. However, I have very good credit with my auto finance company - I always pay early and pay more than the actual payment.



When I go to purchase a new car, will I have an easier time getting a loan from any finance company, or will I be better off to get pre-qualified with my current finance company?



I believe the rate for my current loan is about 13% which is the refinance rate from a second company after having about 2 years of good history with the original finance company.



Question about credit and auto financing...?

Is your current lender reporting your loan to the credit bureaus? That will help.



Question about credit and auto financing...?

it seem to me that the only thing your paying good on is your car you really have to pay all your bill on time and by doing so even paying min on your bill will get your credit score up.



Question about credit and auto financing...?

Do both. Get pre-qualified with your current finance company and then see if the dealer%26#039;s finance company can do better.

Why would a car dealer need registration for non-GMAC vehicles at my home as part of a lease agreeme

The finance mgr at the dealership where I just leased my car wants the registration for my dad%26#039;s Ford 150 pickup as part of my lease agreement which I got a $500 rebate. My dad refuses to be a part of it and I might have to turn in my new Pontiac. I used rebates and discounts for the down pymt. I asked that the $500 be tacked onto the cost of the car but the irate guy who called said %26quot;it don%26#039;t work like that%26quot;. I asked how does it work, he didn%26#039;t explain. So, what%26#039;s in it for him. Can anyone explain this. Should I just turn in the car after one month.



Why would a car dealer need registration for non-GMAC vehicles at my home as part of a lease agreement?

They might need it to show GMAC that you actually did have a trade in... I would make a copy as they have no need for an original. If that does not work ask to talk to the GM or Finance Director.

Can i trade in 2 financed cars for one?

about three years ago i financed a car under for myself and my ex. I had to take the car for my ex back when we broke up because she didnt keep up with the payments. I cant afford to keep both cars so i want to give them both to the deal in exchage for one.would they be able to pay the finance company off for the 2 vehicles and finance me just one so i can have just one car?



Can i trade in 2 financed cars for one?

Yes. I did that once. There is no problem.



However, negotiate the price of your new car first. Then bring up the two trades and negotiate each one independently. Be sure to check Edmund%26#039;s and KBB for the proper trade in values (shoot a little high).



Good luck.



Can i trade in 2 financed cars for one?

yes it can be done, but, you are still going to be paying for the one you let go. You need to talk to some folks. You are going to be seriously upside down in payments. the smarter thing might be to try and sell the car outright and then trade the other.



Can i trade in 2 financed cars for one?

THE QUESTION REALLY IS WHO IN THERE RIGHT MIND KEEPS MAKING CAR PAYMENTS FOR THEIR EX...........

Nissan Versa.. is it good? financing under no credit?

Bad idea or not. I got approved with my own name for a car. The 2008 Nissan Versa. The car looks small and not cute. Is it a good idea to finance that for now.. and then after a year possibly be able to upgrade? I want to build my credit. Just wanting to know if I should suffer for a year with a car i don%26#039;t like just so i can get a good one later?



Nissan Versa.. is it good? financing under no credit?

What is your interest rate you were approved for and how long are you financing your car? This will put your situation in better perspective.



Unless you are going to put a huge amount down on the Versa, I would wait that year until you can afford the car you really want, if you can. The other option would be to buy something used to last you for a year.



All new cars depreciate the most during the first year you own it. After a year of owning the car, it will be worth about 65-70% of what you paid for it, but you will owe about 80-90% of what you paid for it. This is known as negative equity. You can roll negative equity into a future loan, but it just means that your next car will be more expensive.



In order to break even (to avoid negative equity), you will typically need to keep your car between 30 and 42 months, take care of the car, and drive avg. miles (12,000 miles per year).



You can build your credit getting a used car as long as you are financing through a reputable institution. Beware of %26#039;buy here, pay here%26#039; places, as they often will not credit you for making payments but the will penalize you if you miss one.



***EDIT - The problem is that you will still have negative equity on the Versa if you trade it in after a year. The $2000 down payment will help, but you will basically lose that money to depreciation.



I understand you situation. The smart move is to wait until you can afford what you want or buy something a few years old to avoid the depreciation hit.



However, if you are ok with losing your $2,000 and want to drive a car you don%26#039;t like for a year to build your credit, then that is your call.



Personally, I would look for a 2004 or 2005 model of something you do like, finance that, and then build up your credit that way. That way, you can drive something you like, take less of a hit on depreciation, and drive something you think is cool until you can afford your new car you really want.



Good luck.

Should I Tell the Car Salesman that We Would like to pay by cash?

My bf and I would like to buy a new car and we decided to pay by cash so that we don%26#039;t have to pay loan interest rate for the loan/finance.But our concerned is we worry if we tell the car salesman and they might increase the car price as they can%26#039;t earn money from us for the finance. Please advise.Thanks



Should I Tell the Car Salesman that We Would like to pay by cash?

just go in there and negotiate the price of the car before een mentioning how you will pay for it, if they ask tell them you need to know how much you are talking about in costs before you think about the financing.



my father in law told me this trick about buying houses and it worked great for me on that and buying my cars:



- get their lost possible price w/o saying how you will pay for it



- tell them that you will pay cash and how much can they knock of considering that



- when you reach what you feel is his absolute best price say this: %26quot; you mean to tell me that that is the best price considering that I will be paying for this in cash today!?!%26quot; (then shut up, and dont say anything until he responds... he%26#039;ll then show his hand



good luck



Should I Tell the Car Salesman that We Would like to pay by cash?

yes



Should I Tell the Car Salesman that We Would like to pay by cash?

If your paying by cash you should actually ask for discount. Say %26quot; How much discount will you give us if we pay with cash%26quot; a lot of places give discount for cash %26amp; if they don%26#039;t tell them you%26#039;ll look elsewhere



Should I Tell the Car Salesman that We Would like to pay by cash?

don%26#039;t tell him what your doing till your done negotiation the price if your buying from a private seller its best to tell them you would pay in cash because its less hassle.



Should I Tell the Car Salesman that We Would like to pay by cash?

Cash is okay, just start with offers that are lower than the asking price for the car. It might actually be a good idea to say that you%26#039;l pay cash, but only for a certain amount (under the actual cost of the car), they may do it because you are paying cash. And if not they will most likely settle for not squeezing anything else out of you.



Should I Tell the Car Salesman that We Would like to pay by cash?

First, play like you%26#039;re not sure if you can afford it. You LOVE it, but your not quite sure if it fits in your budget. Don%26#039;t mention cash until you%26#039;ve got the price where you want it and financing has been approved. Then as a joke, ask him what he could do if you just paid cash. Make a lower offer than that. Call him on it if you%26#039;re comfortable with that price. This gives you leverage, because now he%26#039;s put himself out there. If he renegs, LEAVE IMMEDIATELY and do not look back unless he makes an even better offer for the %26quot;insult.%26quot;!



Should I Tell the Car Salesman that We Would like to pay by cash?

no way if you are paying by cash, they will LOWER the price. such as if the car is 14 grand, say i will give you 11 or 12 grand in cash right now for that car. the salesman is going to want to make 12 grand in one day versus one and then the rest spread out over the next couple of years. My friend was able to talk down a saleman a few grand since she was paying all in cash.



Should I Tell the Car Salesman that We Would like to pay by cash?

Negotiate the price of the car before you tell them you are paying in cash. Beware that the dealership , by law has to report your transaction ...due to so many deadbeat drug dealers who have wads of flashy cash ...so as long as your cash is legit ....you%26#039;ll be good to go !



Should I Tell the Car Salesman that We Would like to pay by cash?

I got the finance price, then asked what the lowest cash price I could get....the manager came out, he offered the car for 2000 less....and I opened my purse..and paid....



so you might be surprised



Should I Tell the Car Salesman that We Would like to pay by cash?

Sure, why not? Cash is eminently acceptable; of course, I%26#039;d be concerned about carrying twenty-five thousand dollars in green stuff (and the dealer may also be a tad leery about the transaction. Of course, you could also offer a certified check, which amounts to the same thing, and, of course, you won%26#039;t have to hassle with the %26quot;ten thousand dollars withdrawl%26quot; rules that apply at the bank (Federal regulations mean that the bank has to report withdrawls of more than ten thousand dolars in cash), plus there%26#039;s also the hassle of counting out that many hundreds and fifties!



If you%26#039;re paying the entire amount %26quot;up front%26quot;, you could and should tell the dealer that you don%26#039;t require financing - after they accept your counter-offer, naturally!.



Should I Tell the Car Salesman that We Would like to pay by cash?

yeah, you should because you will get a tremendous discount if you pay cash for the car.



Should I Tell the Car Salesman that We Would like to pay by cash?

I would not tell them by what method you will be paying until you have been offered the price you REALLY want to pay for the vehicle, especially if that dealership does their own financing. If they know, in advance, that you will pay cash, that lets them know they are going to miss out on, not only a higher commission, but also interest they would have drawn on the loan. More than likely, they would try to cheat you (even more than they already will - sad, but true).



Should I Tell the Car Salesman that We Would like to pay by cash?

Dealers (everybody) likes CASH. They don%26#039;t have to wait loan etc. It is quick money in HAND.



===



But when people say cash (when buying cars) they could mean one of 2 things: (a) pay everything all at once using a check (b) pay literaly in US cash. If you are talking about paying literally in US dollars bills, note that they will have to report it to IRS (when it is over about $8,000 to $10,000), just in case it is drug money.



It doesn%26#039;t necessarily set off alarms at IRS, but it is something you should know.



Should I Tell the Car Salesman that We Would like to pay by cash?

Always offer something low and make it sound like a serious offer. Salesman have heard it all, but if you are serious about a low offer, they will likely respond with the lowest price they can actually afford to sell the car for. DO NOT show excitement about the car, or tell the salesman you love it or cant live without it. They sense excitement and turn it into a sale.



Should I Tell the Car Salesman that We Would like to pay by cash?

Yes one of the first questions you will be asked if your financing, the simple answer is %26quot; HAVE NOT DECIDED %26quot;



I am happy to note you realize cash is not an Ace when buying a car but its still a process of several other steps, if you care to learn some more go to my website for some further study, its free advice with no string attached http://www.usedcartips.org/



Should I Tell the Car Salesman that We Would like to pay by cash?

Hello! People! Stop wasting time, energy, effort and sheer stupidity into how to waste a car salespersons time! THEY DON%26#039;T CARE HOW YOU PAY! THE FACT THAT YOU PAY CASH OR FINANCE HAS NOTHING TO DO WITH HOW MUCH ANYONE GETS PAID! DEAL WITH IT! Car salespeople are professional negotiators and have likely sold more cars in the last thirty days than you%26#039;ve purchased in your lives! GET SOME REALISTIC EXPECTATIONS! The car is not going to be half off because your %26quot;paying%26quot; cash which usually means your writing a check which usually means the dealer has to wait 10 days for your check to clear. New cars cost money. Dealers are going to make a profit. You are not more clever than the other 120 million people who buy new cars every year. If you were truly intelligent



you would buy a new car with 0% financing availiable, put your money into a money market account and earn a yield of around 10% on your hard earned cashola.



Should I Tell the Car Salesman that We Would like to pay by cash?

car dealers don%26#039;t like to keep tens of thousands of $ in cash around. they will probably insist on a certified check.

Is it easier to get a New car Finacned or a Used one?

I%26#039;m trying to get a new car...my husband doesn%26#039;t have perfect credit and i have no credit at all...We tried to get one from CarMaX but got denied...I was just wondering would it be better and easier to get a New car...I heard that it was easier to get them financed!!! Can anyone help?



Is it easier to get a New car Finacned or a Used one?

With respect to your Carmax experience... they generally offer a program called %26quot;Drive Financial%26quot; that will finance first time buyers if you legitimately have no previous car buying history. His %26quot;credit challenges%26quot; may be hurting your ability to get a car.



Older cars normally have higher interest rates than newer cars since the finance companies figure that you will keep a newer car longer and an older car has more of a chance of breaking down. The number one reason that cars are repossessed is that they break down, and normal people cannot afford repair costs %26amp; car payments at the same time.



However, remember that the interest rate should not be the only thing that you want to consider. As soon as you drive a new car off the lot you lose about 30% of the value, so if you go new be sure that you%26#039;ll keep the car as long as you finance it for, if not you%26#039;ll end up having to roll over negative equity (i.e. you owe more than it is worth). There are used car places that offer good warrantees on their vehicle to cover the car, for example, carmax offers extended warrantees on all they sell.



If I were you I would check around to your local credit unions, or smaller banks, and see what they can offer you. Sometimes they are much more flexible in regards to who they qualify.



Good Luck!



Is it easier to get a New car Finacned or a Used one?

Try ebay.com my dad is always selling cars VERY CHEAP!!! His username is:



Bender!2006



Is it easier to get a New car Finacned or a Used one?

A new car dealership can finance most anyone. Even after bankruptcy. A used car dealer or private sales often don%26#039;t use lending institutions that lend to new cars. Interest rates are higher with more needed for down payment.



I went to a Pontiac dealer, I couldn%26#039;t get a $12,000 loan for a used car but they gave me a loan for a new car for $29,000.



Often payments on a new car are less that a used, because you can take longer to pay it back.



Is it easier to get a New car Finacned or a Used one?

The concept of financing used vs. new is really just the same thing.



BEWARE: Used cars (2005-below) carry a higher Interest Rate when financed. It%26#039;s not a big difference but it can make the difference of 1 percentage point. 2006-07 are considered %26quot;new%26quot; (as of this writing) and you will pay the interest rate accordingly.



Good Luck!



.

I have 27 months left on my car payments (60 originally) can i hand my car back?

Somene told me that if you have paid more than half on a hire purchase agreement that you can hand the goods back (this being a car) if i can.....what do i say to the finance company...????



I have 27 months left on my car payments (60 originally) can i hand my car back?

Your credit will take a huge hit. If you dont care about that then go for it.



I have 27 months left on my car payments (60 originally) can i hand my car back?

no you cant hand the car back.....



I have 27 months left on my car payments (60 originally) can i hand my car back?

Only if you want to ruin your credit.



Sell your car. Use the money to pay off the loan. Hope you have some left over for yourself. This is the normal way to go about things.



I have 27 months left on my car payments (60 originally) can i hand my car back?

Someone lied to you. You have to pay 27 payments. You can sell it and get the 27 payments. Hope you took care of it. You should never ever buy a car with that much time in payments!



I have 27 months left on my car payments (60 originally) can i hand my car back?

Unless you want to ruin your credit and have a hard time buying a house, car or any sort of loan for that matter, either sell the car to pay off the loan, or find someone to take over payments and get that officially done with the lien-holder.



Good Luck...



I have 27 months left on my car payments (60 originally) can i hand my car back?

You can always hand the car back but it will be considered a voluntary reposition. The finance company will then send the car to auction and you will owe the difference between the balance of the loan and the selling price. This is a good way to ruin your credit fast. Since, I do not know how much you put down you might do a Kelley Blue Book Value at kbb.com to see if you owe more than the car is worth. If you could potentially come out ahead carmax will usually buy your car for close to kbb value. If you are in a lease. You might look into a lease transfer. That is where someone assumes your lease and you simply walk away from the payments and responsibility to the finance company. The catch is you have to find someone able to take over the payments. There are many internet companies that handle lease transfers. I wish you could have given more details.



I have 27 months left on my car payments (60 originally) can i hand my car back?

you can hand it back, but you%26#039;ll still have to pay. So why not keep it. If you think I%26#039;m kidding ask them. They can and will garinish your wages.

Can I get 100% car loan on on-road price?

I want to buy a car and want to know if i can 100% amount financed.



Can I get 100% car loan on on-road price?

Yes. There you go : http://index-go.com/bad-credit-car-auto-...



http://cleancredit365.com/?=yh070407

Financing home construction?

I live with my parents on a large property and I%26#039;d like to convert a large 3 car garage into a 2 bedroom cottage. Is there a way to finance the construction? It would be less than $100,000. I do not own the land or the main home. Any suggestions would be helpful!



Financing home construction?

Your parents would have to be on the financing with you.



Keep in mind, you%26#039;ll likely not be adding $100K in value to your home, even though you%26#039;re spending that much. Problem is, not many buyers would have a need for such a major 2nd housing unit like that on their property. Might be limiting the buying pool significantly.



But it%26#039;s certainly possible they could get a construction loan to do this. Shop around local banks and brokers and find someone who has a lot of direct experience with construction lending, which most loan officers have never, ever done.



Financing home construction?

No one will give you a loan to finance construction on a home that you do not own, much less have equity in. If your parents own the home and if they have equity in it, then they should apply for a home equity loan. If they don%26#039;t have enough income, you could co-sign or guarantee the loan.



Also, before you even begin attempting to get a loan you should check local zoning laws. In a lot of cities, zoning laws would prevent you from converting that structure into a dwelling.

What does refinancing a car do?

I got my car over a year and a half ago... it was financed @ 19%!!!!



Is it bad to refinance?



I have a few credit cards; not behind in payments (or past due) but almost maxed out! I have also been @ my job for two years now...



Would it help to refinance?



If so, how do I go about doing this?



What does refinancing a car do?

19% is very high.



Having credit cards that are in good standing is definately a plus, but having them nearly maxed out is a major score killer.



Before you speak to any bank or credit union about a refinance, you might pay down the cards to at least under 30% utilization.



If you don%26#039;t belong to a credit union (CU), you might want to join one. You would probably find your best rates on a refi from a CU.



What does refinancing a car do?

Refinancing the car is a bad idea, if you use the extra money to pay on the car, they will charge a refinancing fee. Small gain, better gain would to be to cut up the credit cards and if you can%26#039;t use cash then don%26#039;t get it, if you are living off the credit cards now, then cut out some of your unneeded cost, long distance, cable, internet,ect intil until you get your bills in order. Even little things like clipping coupons, make all the trips to town in one day,ect.



What does refinancing a car do?

If the car is not to old, and you have good credit you may be able to refinance with a good lender. On the other hand the first lender has a way of taking the interest early in the pay back and you may be surprised to learn how much the pay off is. Also you have to consider the value of the car now to a lender, compared to what the first lender valued it.



What does refinancing a car do?

Your real problem with refinancing the car is NOT your credit score. Unless you made a substantial down payment, you own more on the car than its worth. Most lenders won%26#039;t give you a new loan on the car for more than its worth. Your current lender is unlikely to give you a better rate when they know you can%26#039;t refinance with someone else.

What can i do to get rid of this car?

ok. when i got this car 3 years ago, they didnt have me go thru a finance compny. they had me sign a good faith contract. well i made the first 2 payments then the company moved or went out of business. they havent contacted me about this car or anything. i am still driving the car and want to sell it or something. what can i do to get the title? can i get it? and if i cant how do i get rid of the car? most wrecking yards wont even take a car with out the title. what do i do?



What can i do to get rid of this car?

i would go to the dmv and tell them what has happened. the company probably sold the title out to another company. the dmv would be able to tell you who has the title. but if it don%26#039;t have a lien on it just file for a lost title and get your title. i would do this quick it is tax season and people will probably buy the car up if you put it in the paper when you get a title.



What can i do to get rid of this car?

Go to the place in your state where you get titles and ask them what you have to do.



You may have to find out what happen to the company and get some kind of record that they went out of business.



What can i do to get rid of this car?

Are you the registered owner? If so, you can run the information through the DMV and see if a legal owner is listed. If there is one listed, there should be an address also.



While you are there, find out the procedure for getting the title if the finance company has %26#039;vanished%26#039; as the rules are different for each state.



Good luck in trying to sort it out. Also your local towing company may be able to help since they get cars dumped on them frequently.



What can i do to get rid of this car?

You need to go to DMV and ask them what paperwork needs to be filled out to acquire your title. Tell them the buisness went under, explain that you made final payment but because buisness went under you cannot acquire a title from them. They will tell you what to do. I went thru this same thing many years ago.



What can i do to get rid of this car?

Go to the DMV. They will be able to locate the title. In most states, when you get a car, the title goes into your name immediately and is held by the lien holder until it%26#039;s paid for. Regardless, the DMV has to process this so they would know where the title or issue it to you if the car dealer really vanished.



Good luck.

Difference between putting money down in a car loan or bank the money.?

so I am in the market for a new car, about $24,000.. I can get a 3.9 % finance for 36 months. I can put $10,000 down.



I can put those $10,000 in my bank and make 5% interest. Will I save some money by doing so, or am I better off putting those $10,000 as down payment for the car?



Difference between putting money down in a car loan or bank the money.?

Heybulldog is right. An enormous amount of money is made from interest in this country. Do you want to be on the giving or receiving end of that?



Difference between putting money down in a car loan or bank the money.?

Go to bankrate.com to view an interest calculator. Calculate the interest you will make for a period of 36 months and then choose an auto loan calculator. View the interest you will pay over a 36 month period. Then, figure the interest paid over a 36 month loan on the $14,000 balance (after you put the $10,000 down). See which works in your best interest.



Difference between putting money down in a car loan or bank the money.?

Cash is KING... the more liquid cash you have the better you are. If you put it in the bank, you can still use it to pay the car if needed.



Difference between putting money down in a car loan or bank the money.?

Get a good used card for 10 k. It%26#039;ll get better gas mileage if it%26#039;s not dragging a payment book behind it.



Take what would have bee your payments in the bank.



No payments = cash in the bank.



Difference between putting money down in a car loan or bank the money.?

You are better off buying a $10000 car with your hard earned cash. Why would you want to pay interest on a car that is losing value? The depreciation on the car will wipe out your bank%26#039;s 5% yield.



Pay for your car with cash. When you get tired of that car, save up some more money and buy a better one. Repeat the process until you finally get the car you want.

Is it true if I buy an older car, like 1990-2001 that no bank will finance it?

Thats what I have been told. I was just wondering if it was true before I go make a fool of myself.



Is it true if I buy an older car, like 1990-2001 that no bank will finance it?

wrooooooongggggggg!



Is it true if I buy an older car, like 1990-2001 that no bank will finance it?

they will but your going to be having a very high monthly payment sad to say .



Is it true if I buy an older car, like 1990-2001 that no bank will finance it?

99% of lenders will not finance any vehicle that is over 7 years old. If you go to a used car lot and not a franchised dealer then they probably have in house financing and will finance any vehicle.



Good Luck!!!!!!

Am i over paying for this 2006 car?

i have a 2006 nissan sentra. my finance was 60 months ($17,000). i have had the car for 2.5 years but have been making my payments late every since then. i just now found out that none of the money i sent in went towards the car but towards intrest. its a 2006 and i been making full payments ($531.04) for 2.5 yrs and as of today i still owe 17,000 which was the amount when i got the car new. the estimated time for payoff if i pay on time from this month on is Feb 2011. got the car in 2005 which means i would have had it 6 years...warranty is almost gone im at 50,000 miles...ur opinions or am i crazy?



Am i over paying for this 2006 car?

Eugene, i think you already know the answer to this question.....



60 X 531.04 does not equal $17,000



60 X 531.04 = $31,862.40



Like many others you are the victim of a car salesman, starts with a cheap car ends up an expensive piece of iron.



The salesmen will do everything in their power to get you into a car and off the lot before you have a chance to look at the fine details of the paper work.... %26quot;sign here, here, and here.... Congratulations on a wonderful car%26quot;



If you have a poor credit rating you get the worst interest rate. a person with a great credit rating gets a great interest rate. its a sad world we live in.



If you don%26#039;t have much money you will have to pay more money.



if you have more money you get to pay less money.



I%26#039;ve been burn%26#039;t by a used car salesman in the past but no as bad as you have, i would go back to the dealership, sit down with one of the finance people and have them explain to you every detail of the agreement, it is likely that in small writing somewhere it will state that the interest rate will increase every year



if you are on a 6 yr, 72 month plan....



72 X 531.04 = $ 38,234.88



Am i over paying for this 2006 car?

you obviously have a high interest rate and the fact you arent making your payments on time arent helping you pay the actual price of the car down..you should go talk to a financial counselor and get on track..you have ruined your credit with late payments..and im sure there are added charges each time you do that...



Am i over paying for this 2006 car?

You must have had a very high interest rate and alot of late fees.



Am i over paying for this 2006 car?

Your fault you were making late payments, the finance company can put your payments to whatever they want, whether it be principal or interest, because of your late payments they need to recoup their lost interest so they put it towards that



Am i over paying for this 2006 car?

Well if all your payments are late then they are probably charging you late fees every month..and that gets expensive. The first year of the loan you pay a lot of the interest..on top of that you%26#039;re always late. Pay on time and your balance will drop. Seems pretty simple.



Am i over paying for this 2006 car?

The first few years always goes to interest. You need to look at your statements and see what they are taking monthly for interest and what for principle then do some math. If there is a discrepency then you need to take it up with the loan company.



Am i over paying for this 2006 car?

thats just how it works my friend



try this



pay $550.00



the next month you will owe $512 because you paid extra



then pay



550.00 again



the next month you will owe $474



then pay



550.00 again



pretty soon you will be way ahead of your note imagine if you had been doing that for the previous 2.5yrs and its only 18$ extra a month



oh yeah no matter what you gotta pay on time the fees will kill you



Am i over paying for this 2006 car?

Your payments going to nothing but interest is wrong. Actually the majority of your payments are going to the interest and the rest are going to late fees. Make your payments on time for at least 6 months and then try to refinance to get your interest rate lowered. When making payments, you need to make an extra payment, as much as possible each month and put it toward the %26quot;Principle%26quot; which is actually the $17,000. And work to get that down.



Am i over paying for this 2006 car?

take it back before the warranty is up......... I wish I woulda took mine back, I would be so better off right now.......



Am i over paying for this 2006 car?

What is your interest rate? You will be paying 14,000 interest given the payment amount. It appears that your credit score may not be the best due to the high interest rate. Payment should be $340-350 a month.Avoid making loan payments late. The bank will charge a high penalty for submitting payments late which results in little or no money going to the principal. Try having an automatic withdrawal from your account. This will help avoid late fees and usually results in a lower interest rate. Find out you credit score and talk with a financial advisor on how to improve it. In the mean time, take care of your car and maintain it properly and it will run until it is paid for and then some. Finally, talk to your lender. You are paying them for their services so make them earn it. It is your money and you have every right to know what is going on. Ask questions.



Am i over paying for this 2006 car?

It%26#039;s relatively normal for the first few years of paying for the car to go mainly interest. You bought the car brand new and must have had a high interest rate for the payments to be that much for that long of a period of time. Plus you%26#039;re paying over a long period of time. I%26#039;m not sure how your credit is because that all factors into your payment amounts.



Personally, I wouldn%26#039;t buy a car if the payments and the interest were going to be so high for 60 months. Maybe if you talk to the dealership they%26#039;ll be able to lower your payments.



Am i over paying for this 2006 car?

way too high if interest rate!!! not worth it, u should of read the fine prints and calculate the total cost after everything. you will end up paying like $45,000 for a $17,000. nxt time make sure to calculate ur payments/interest first to c if u r getting a good deal or just lease the car next time instead of buying it.

How can I return my Lemon of A Car & get out of the loan?

I BOUGHT A 01 HYUNDAI SONATA (State of Florida)COST$5,000. THEY GAVE ME A WE OWE FOR THE CHECK ENGINE LIGHT SAID IT WAS JUST A MECHANICAL PART ON THE MIRRORS, THEY NEVER HONORED THE WE OWE AND I HAVE HAD IT IN THE SHOP 3 TIMES AND TOWED TWICE DUE TO BRAKES AND WHATEVERS AILS THE CAR...I RECENTLY HAD THE LATEST MECHANIC TEAR IT APART AND HE SAID THEY COULD FIND NOTHING WRONG, THEY DROVE IT THAT DAY WITH THE SAME RESULT IT GAVE OUT AFTER 5 MILES. I HAVE NO MORE MONEY TO PUT INTO THE CAR, IT WON;T DRIVE AND I HAD TO RENT CARS AND MISS DAYS OF WORK FOR THIS CAR ISSUE....IS THERE ANY RECONCILATION FOR ME...I CALLED MY FINANCE COMPANY AND MADE THEM AWARE OF THE DETAILS, BUT THEY NEVER CALLED BACK, THE DEALERSHIP THAT SOLD IT TO ME WON%26#039;T RETURN MY CALLS. I%26#039;M AT MY WITS END, I JUST WANT A DECENT CAR TO DRIVE TO WORK.....I WANT TO RETURN IT AND FILE FOR BANKRUPTCY...IS THIS MY ONLY WAY OUT OF THE LOAN?



I%26#039;VE SPENT OVER $1300 ON REPAIRS, TOWS %26amp; CAR RENTALS AS A RESULT. MY PAYMENT IS CURRENT.



How can I return my Lemon of A Car %26amp; get out of the loan?

Dear Friend:



I%26#039;m so sorry for your struggles, however there is one last resort. Call your dealer and leave them a message or go there in person and talk to the owner or the highest ranking person in charge.



Tell this person that you will be talking to a TV consumer reporter for whatever mostly watched local channel in your area and tell him that you are not playing anymore games and that their ignorance has brought you to this.



Don%26#039;t get frustrated and wave your arms up in the air yet, follow thru on this because once this gets negative publicity they will jump all over it and make it right. You need to know what your rights are especially with consumer laws in your state. Another option would be to call your attorney Generals office for the state where you live and ask them what to do. If theres wrong doing they will work on your behalf. Your state should have a Lemon Law...



Good Luck, go to the TV. You do most damage in less time and you reach people in the whole state. You will ruin his business for sure, and after that call the Better businesss bureau and complain to them about him as well.



Tchau, Jonathan...



PS STAY AWAY FROM HYUNDAI%26#039;S THEY ARE THROW AWAYS...That car could have been underwater in Louisiana somewhere before it came to your state, and before buying another car write the VIN number down and contact the DMV to see what the history of that car is. It could be a Katrina car!



How can I return my Lemon of A Car %26amp; get out of the loan?

BBB online



consumer protection agency



Hyundai, KIA and any other Korean made cars are garbage. they are garbage new and worse garbage used.



if you file for bankruptcy, you are still obligated to pay the loan. new laws...



buyer beware. Report It



How can I return my Lemon of A Car %26amp; get out of the loan?

yes, kia and hyundai are garbage, disposable cars. Report It



How can I return my Lemon of A Car %26amp; get out of the loan?

Hmm.. tough call, not sure of all the legalities there, but maybe the best thing is to sell the car?? Get as much as you possibly can get, pay off as much of the loan you can, and save yourself from bankruptcy. You don%26#039;t want something like that biting you in the a$$ somewhere down the line. Do you have anything written that states the car is driveable when you bought it, maybe you could take the dealer to court for th cost of the car??



How can I return my Lemon of A Car %26amp; get out of the loan?

I had to file Chapter 7 over a Pontiac Montana.stay away from Korean cars, and that goes for Ford,Dodge,and G.M. Toyota ,and Honda are your best bet.



How can I return my Lemon of A Car %26amp; get out of the loan?

Contact a lawyer as they may be in breach of contract! You are stuck with the loan........filing for bankrutpcy would destroy your credit rating for years and the possibility of getting another vehicle would be a problem as no bonafide credit agency would touch you with a ten foot pole.



How can I return my Lemon of A Car %26amp; get out of the loan?

If they gave you a %26quot;We Owe%26quot; in writing, it seems to me that it would be a contract. Failure to live up to that is called breach of contract. You need an attorney. Hell I live in Florida and have never heard of a %26quot;We Owe%26quot; in connection with any contract, but then I%26#039;d never take delivery of a car that had a defect until that defect had been corrected. If you have had brake problems three times in a short time, it would seem either the brakes are not being competently repaired (a safety and thus legal issue) or you are exceedingly hard on brakes. Last point is I am really surprised to hear the car involved is a Hyundai. Those things are usually real little tanks for durable, so my surmise is that the problem is far more inadequate repair than inherent defect. Do you know if the car has been in a wreck, or is perhaps a %26quot;revived%26quot; hurricane/flood damaged vehicle? Lot of Katrina cars showing up in Florida these days.



How can I return my Lemon of A Car %26amp; get out of the loan?

a mirror problem will not turn the check engine light on. if they gave you a %26#039;we owe%26#039; in writing, then you have them dead to rights. an %26#039;01 model car is not cosidered a lemon. the finance company does not care about the problems you are having with the dealer. it is not their problem. do not file bakruptcy over a 5k debt.i like the idea of getting the local tv station do a report on this. next time when you buy a car, if there is something wrong with it, refuse delivery until it%26#039;s fixed to your satisfaction. sorry about jumping around with many answers, just trying to help with alot in your question.

Will a new car benefit me or only put me more in the hole?

I bought a 2006 Honda Accord V6 at the beginning of December. I had been car shopping for a while and %26quot;settled%26quot; on a 6 year finance option for $400/mo.



The $400/mo is not a problem, but my insurance went up $60 (V6) and my gas expense has gone up $40/mo. (V6)



My main issue now is the thought that I won%26#039;t have this paid off for 6 years!!! And I think now that I should have just leased.



The car under 6,000 miles. Do you think a dealer would give me a good trade if I want to get a 3-yr lease instead? I would even like to lease an Accord (i love the car, just not the thought of having it 6 years after $400/mo). I%26#039;ve also thought of looking at Toyota Camry%26#039;s to lease. Any thoughts? Would it even be worth my time to talk to a dealer? Or am I just going to loose a lot of money? Do I just need to get over it and deal with it for 6 years? Thanks for the advice!



Will a new car benefit me or only put me more in the hole?

There is a term in finance known as %26quot;sunk cost.%26quot; You have that in the value that the car lost once you drove it off the lot; the sunk cost is money you will never get back. If you buy or lease another vehicle, you will face that immediate depreciation all over again, so what will you gain? You made your choice and got a great car, so live with it. If you have a low interest rate, there is little incentive to pay it off early. If you have a high rate, work to pay it off quickly. In any event, keep the car well maintained and hold on to it so you get your money%26#039;s worth for that depreciation when you %26quot;curbed%26quot; the car (drove it out over the curb from the dealer%26#039;s lot).



Will a new car benefit me or only put me more in the hole?

You cant get rid of it without taking a bigger hit because you now owe more than it is worth.



Your best option is to find some extra money in your budget each month to apply towards the car. Get it paid off as soon as you can and learn from this mistake.



Will a new car benefit me or only put me more in the hole?

sell it take the hit. buy a car with cash.



a flease jut means you are paying someone to borrow a car and will always be paying.



try daveramsey.com



Will a new car benefit me or only put me more in the hole?

You can do anything you want you would get a great deal. Push for it.

How do I get car title transferred to my name after 6 years after paying off loan?

I paid off my car in 2000, and got the title in the mail. I put it away not realizing that I needed to go to the notary with it, I just assumed that I was paid off and signed off by the finance co., it was mine. I want to sell the car now, and just pulled out the title. I know I need to get this in my name before I sell. Will there be any consequences now that so much time has gone by?



BTW, I am in PA.



Thanks.



How do I get car title transferred to my name after 6 years after paying off loan?

it should be already stamped on your title by the finance co., then you take it to the department of motor vehicles to be transfered into your name.you will have to fill out some forms.



How do I get car title transferred to my name after 6 years after paying off loan?

Probably not as long as the car is paid off. Call your local BMV



How do I get car title transferred to my name after 6 years after paying off loan?

call the bank and request your title



How do I get car title transferred to my name after 6 years after paying off loan?

It is in your name, and the finance company %26quot;released the lien%26quot;...



You need to get it notorized in order to sell it to the other person though.



How do I get car title transferred to my name after 6 years after paying off loan?

when you sell sign as lein holder and they will mail new tag in the buyers name to u then when you get all yo monie sign off

Selling my car?

I want to sell my car in the next couple of months. But I%26#039;m a little confused as to how I%26#039;m to go about doing that.



The plan was to sell my car and use the money from that to put down a big down payment on a new car. So I decided to shop around first and see if anyone would finance me.



Well, I should have figured no one would. I%26#039;m 21, living in an apartment, little credit, (even though the little is very good!), I JUST moved to a new state just 2 weeks ago, and I don%26#039;t have a cosigner.



So, a dealer told me to wait a few months (5) and then to come back once I have some stability to prove. Fair enough, at least he was being honest with me unlike the others.



Question is, do I sell my car first and take a chance on not getting a car right away? Or try and get a car with a smaller down payment and then selling my car?



Selling my car?

Why are u in such a hurry to buy another car when everyone%26#039;s telling you you%26#039;re not ready?????



Just drive your current car for couple more years (if it%26#039;s mechanically sound)....and save up money for a large downpayment.



Newer/better models are coming out next year and beyond anyways.



Selling my car?

why not just trade in your old one when you get the next one. that way you wouldn%26#039;t be without a car.



Selling my car?

trade



Selling my car?

The salesman was just trying to get rid of you by saying come back in 5 months..It won%26#039;t change anything about you getting a car or being refinances..In fact the more times they run your credit and deny you the harder it will be and the more your credit score goes down.



Go to www.CARMAX.com



They will buy your car even if you don%26#039;t buy one of theirs. Also, you may just want to trade it in and get it over with.

What do I do when my car payments are too much for me to pay right now due to other living expenses?

I recently started back going to school so I work less hours. My check is a lot less than before. I have a 2006 Nissan Sentra. My car payment takes my whole check sometimes and I don%26#039;t have money left to pay the whole thing or other bills. What can I do other than letting the car get repo%26#039;d which would mess my credit up allowing me a less greater chance of getting another car. I would like a used car with lower payments. I really don%26#039;t want to re-finance which would give me more years to pay on it. Please help. These payments are really costing me a lot.



What do I do when my car payments are too much for me to pay right now due to other living expenses?

Get someone to buy the car %26amp; take over payments or trade in for a less model but you must get a % RATE that is fair to you do not feel that you must take a high rate with more months too pay just to get a lower pymnt .Youve taken the steps to get what you want in the future by gng 2 school keep making the right moves.Good luck



What do I do when my car payments are too much for me to pay right now due to other living expenses?

Trying to live rich on a poor mans salary huh?



What do I do when my car payments are too much for me to pay right now due to other living expenses?

Offer to sell it back to the dealer. You%26#039;ll take a loss, but it won%26#039;t ruin your credit. Just one of the consequences of the choice you made, honey.



What do I do when my car payments are too much for me to pay right now due to other living expenses?

you probably already know the answer,%26quot;sell your car.%26quot;



What do I do when my car payments are too much for me to pay right now due to other living expenses?

There%26#039;s no magic formula here. You can stop paying for the car, refinance, or sell the car. Your worst option is to stop paying for the car. You%26#039;d lose the car and your credit.



Call the bank or whatever you have the loan through and tell them your situation. I%26#039;m sure they get it all the time. They might be able to work something out with you.



What do I do when my car payments are too much for me to pay right now due to other living expenses?

You need to either refinance to reduce the monthly payment , or see if you can arrange a temporary adjustment, or sell the car and pay the loan off. Hopefully the car is worth more than the loan .



What do I do when my car payments are too much for me to pay right now due to other living expenses?

Best thing you can do since your not interested in re- financing is to go to a used car lot and sell the one you have but make sure they give you a good deal cause there gonna turn and sell that car for more than you get back if you have to call up a few dealers around the area. You can do a trade and have no payments or very little but about the bills can%26#039;t help you there lol



have a great day and good luck



What do I do when my car payments are too much for me to pay right now due to other living expenses?

it sux but the bank has you over a barrel.



Just think if you want to be wealthy or if you want to be average. Most millionaires have declared bankruptcy at least once. Do what you need to do to get yourself to the next level. Don%26#039;t let a credit report affect you.



Credit scores are important but so is finishing school. Would you rather pay the bank and have no education or screw the bank and get your education and then get a good job so the blemish of a repo on your credit report is insignificant?



the most important bills are dealing with food and shelter- anything else is insignificant. we are talking about survival here.



Take care of you first. Take a chance on yourself-



1. Call the bank and tell them where they can pick up the car and buy a good used car with absolutely no sex appeal



2. When they auction the car, get the deficit



3. Get on a payment plan to pay off the deficit and make the payments so you do not have a charge off.



4. Pay all your other bills on time for the next 12 months and it will be like the repo never happened, then - Get your education and fight another day.



What do I do when my car payments are too much for me to pay right now due to other living expenses?

Who created this situation? You did. You bought the car and agreed to the payments, then decided to go to school, cut your work hours, and now you want out of your car deal. I applaud you for going to school, but you obviously are not taking your previous obligations seriously. There is no easy way out of this. No matter what you do, it%26#039;s going to cost you money out of your pocket.