All Questions
96
questions
57
votes
12
answers
28k
views
Should I pay off a 0% car loan?
I'm ahead on 0% interest car loan. I don't have to make a payment until October. I currently owe $3,000 and I could pay it all off. Should I do that or leave that money in my savings account that ...
50
votes
12
answers
29k
views
My mother co-signed for my car. Can she take it away from me if I am the one making car payments?
My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
43
votes
14
answers
15k
views
How can I support myself financially as a 17 year old with a loan?
I'm a 17 year old Ohio high school student who makes ~$160 a month working minimum wage. I have a $3500 loan (4 year duration) to pay off for a car with ~$2880 left.
Monthly payments are ~$80 for ...
40
votes
6
answers
18k
views
Can a car company refuse to give me a copy of my contract or balance details?
I have an auto loan with a car company that after looking at all possible amortizations, doesn't match what my payment should be. I'm talking with 40% interest rates, adjustable interest rates, ...
39
votes
4
answers
18k
views
How do I lend money to a friend for a car and put the car as collateral?
A friend of mine wants to buy a car, but does not have the money for it.
Instead of him going to a bank and borrowing the money to buy the car, I was thinking of maybe taking some cash from my bank ...
35
votes
4
answers
17k
views
Why is the car dealer insisting on a loan instead of cash?
I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing ...
31
votes
11
answers
11k
views
Is it a good time to replace my used car?
We have a 2005 Chevy Impala with 105,000 miles that we purchased in 2011. We have made many repairs such as replacing the transmission, repairing the radiator, heating and AC system, thermostat, belt,...
21
votes
9
answers
8k
views
Should I pay off my car loan within the year?
I saw another question like this, but I am in a bit of a different situation.
I am 19 years old, in college, and have no credit history.
I saved up enough money to buy a car, but decided to get a ...
19
votes
14
answers
16k
views
I’m 18 years old and want to finance a £30,000 car [duplicate]
I'm 18 years old and I've always wanted an Audi Q5. Currently, I'm working full-time. I earn £28,800 annually and that will be due to go up soon. The car I've had eyes on costs £31,789. The monthly ...
19
votes
8
answers
12k
views
Is a car loan bad debt?
I've heard people saying that a car loan is considered a bad debt, while a house mortgage is a good debt and so on.
My bank is offering 1.49% interest for a 36 month loan or 2.49% for a 37-60 month ...
16
votes
10
answers
5k
views
Recent college grad. Down payment on a house or car?
So here's the situation I'm facing. I've recently graduated college but have been working for a while now. I've managed to save up around $10,000 aside for my "money to live" stash. And like most ...
16
votes
3
answers
2k
views
Why do new car loans, used car loans, and refinanced loans have different rates and terms?
If I want to refinance a car that is two years old, and getting a new car loan is better APR then a used car loan and even a refinanced loan, why does it matter which way you go? Isn't a loan just a ...
15
votes
7
answers
4k
views
Why would a car company lend me money at a very low interest rate?
Why would a car company lend me money at 1-2% when they could lend it to the federal government at ~2.9% with zero risk?
14
votes
1
answer
16k
views
4 months into a 30 month car loan, need new engine, can't sell any body parts
I just recovered from a major health ordeal, and am disabled. I'm just getting back to work, but being that I've been out so long, so finances are very, very thin.
The problem is that I recently (4 ...
12
votes
8
answers
9k
views
Paying $1000 a month to keep a car in New York City
I am 25 working in New York city making ~117k a year. After tax and various pre-tax deductions, (mta fare etc) my take home is just shy of 6k a month.
I pay $1875 in rent a month for a nice ...