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Questions tagged [car]

Purchasing new or used cars, getting car loans, down payments for cars, refinancing car loans, and car insurance.

-2 votes
1 answer
103 views

Used car depreciation cliff--is it a fable or real?

I keep reading about this sudden drop in value on transferring a vehicle from new to used. I'd like to ask the validity of this, how do we know it to be true? Is this an actual phenomenon backed by ...
jxramos's user avatar
  • 1,441
10 votes
6 answers
5k views

Why depreciation is considered a cost to own a car?

I thought depreciation is the lost in value of a car after purchase, then why is it considered a cost to own a car? Thanks.
HelloDarkWorld's user avatar
0 votes
2 answers
241 views

Car Dealer ran 2 credit checks - At the end i didnt even buy the car, how to get the credit score fixed

Recently I've submitted the online credit inquiry form from the dealer after finalizing the car (online). I visited the dealer and because of some reason (car interior) i didnt buy the car. When i ...
getSantsoh's user avatar
0 votes
1 answer
120 views

Car loan pre approved but not finalized [closed]

I bought a car on April 11 2024. I was pre approved . Car dealership did not finalize paper work. My loan sitting in pre approval. Car dealership closed
louis garcia's user avatar
8 votes
2 answers
3k views

Declaring bankruptcy when I am the primary and my son is the co-signer on his car loan

Four years ago, I thought I was cosigning on my son's car. At the time, I was in Oklahoma and he was a New Mexico, so everything was done through FedEx. I have since moved to New Mexico and ...
Connie 's user avatar
2 votes
1 answer
445 views

Sold my car, but buyer used fake driver's license and fake TD bank draft

I sold my car in an ICBC office in Vancouver. The buyer came with a fake driver’s license and a fake bank draft. I deposited the bank draft via mobile app, and it was accepted. Then I signed the paper....
MED's user avatar
  • 21
-2 votes
1 answer
356 views

Will a cosigner getting another loan without me affect me in any way? [closed]

My co-signer and I got a Volkswagen for her and myself, her being my co-signer now she just showed up with a new car and is surrendering her car will that effect me since she co-signed for me at the ...
Tony Cisneros's user avatar
0 votes
0 answers
104 views

Can NJ's rebate program for electric vehicles be resumed just by the governor's direction?

NJ has a program which provides a substantial rebate on the purchase or lease of an electric vehicle. In addition, NJ doesn't charge sales tax on EV. Couple that with the federal rebate and EVs are ...
Pyrotechnical's user avatar
2 votes
2 answers
317 views

Co-signer or Buyer that is the question [duplicate]

My stepmother asked me to co-sign on a brand new car. I did it because I felt obligated. When we got to the dealership they said her credit was so messed up to get the car I had to be the primary and ...
Tatiana Loving's user avatar
2 votes
1 answer
727 views

Bought a lemon and the bill of sale has an incorrect price

I paid $2100 for a vehicle but on the bill of sale he put $839.75. I paid with card through cash app so I have proof of what I actually paid. The vehicle got less than a quarter mile down the road and ...
megan bullard's user avatar
17 votes
1 answer
30k views

I co-signed for my son's car and he died. I told the bank to come get it and they told me they won't take it

The loan keeps showing up on my credit report. They offered me a pay off but I can't afford to pay it off. I asked the loan company what to do? And they can't give me a answer...
Don Rodenbough's user avatar
0 votes
1 answer
113 views

California car title transfer

I loaned a car to someone in California and I now want to transfer title to them for free. They will not sign the title transfer papers or return the car. I am concerned about my insurance liability. ...
Tony Walker's user avatar
1 vote
0 answers
79 views

Varying interest charges on car loan

I am making my $386 a month car loan payments each month on time. I just looked at the payment history and the amounts of principal and interest vary widely each month. For example: October: Balance ...
KTBach's user avatar
  • 11
2 votes
4 answers
3k views

Does paying cash for a car for a better price work?

I have heard that you can often negotiate a better price for a used car if you pay with cash. Here is just one of many articles on the topic. In this case, I believe that by paying with cash people ...
nuggethead's user avatar
  • 2,099
1 vote
3 answers
1k views

Will I be asked to allow a credit check or requried to give my SSN if I pay cash for a used car?

This [older] post (link) makes it sound like it's likely I'd be expected to complete a credit application, give out my SSN, etc., if I walked into my local dealership and said I wanted to pay cash for ...
nuggethead's user avatar
  • 2,099

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