Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [car]

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

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

543 questions
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12 answers

Is there any way to buy a new car directly from Toyota without going through a dealership?

I'm so tired of haggling with the dealers at a local Toyota dealership. They are not only pressing, but also aggressive, condescending and mean. I want to cut the middleman. I know exactly what I want. Is there any way I could order a car directly…
Emily
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13 answers

Paid cash for a car, but dealer wants to change price

My son recently graduated from college, and he and his wife went to buy a car. They never discussed financing with the dealer. They agreed on a price, went to the bank and brought back a cashiers check for the amount. They brought the car home, and…
maria palmer
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How do you safely buy a car that the owner still owes money on?

I'm interested in purchasing a car from an owner in another state. The owner currently owes money on the car and so the bank has the title. I've verified the car's service history and ownership, but wish to retain the option to cancel the sale…
Nicholas
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9 answers

Should I buy a car if otherwise transportation is free?

I am moving to Pittsburgh for 5 years. As a student, all public transportation in the entire city (+ shuttles and escorts from any university) are free for me. I also plan to live near the university (short bus ride). Is it worth it to a buy a car…
guesthmmm
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6 answers

Should I sell my car if it appears I will not need it?

My partner and I are moving soon from a suburban rental to a downtown apartment. We are both within walking distance to work (5 minutes for her, 30 for me). We coordinate our shopping needs very well and it has been months since we have each…
rm -rf slash
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23
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12 answers

How can I finance a car at 17 years old with no credit or co-signer?

I just turned 17 on March 17th. I will be graduating high school next year. However, I'm looking to purchase my first car or least drop a down payment of $20,000 on a new 2021 cla Mercedes Benz on my own. How would this work if I'm only 17, and my…
BABYFACEVET
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11 answers

How much should a new graduate with new job put towards a car?

What is a responsible amount to put towards a car if my new job will pay $95k and I have almost $7k in the bank? I also have approximately $30k in student loans I have to pay.
Danyul
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5 answers

New car vs used: how to compare value?

When buying a car, I care only about what I'd call "pure utility": maximum usefulness for minimum dollars and trouble. I'd always heard that a new car is nearly always a worse deal than one that's about 3 years old, because although it depreciates a…
Nathan Long
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4 answers

Should I finance a used car or pay cash?

In my case, it's a 2010 Toyota minivan costing $29,000. It should hold its value fairly well, and I plan to keep it for as long as possible (maybe 10 years.) I qualify for a loan at 2.95% and plan to put 10,000 down if I do finance it. Even if I…
Chris Vesper
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16
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5 answers

Leveraging cash for buying car

I'm planning to buy a 2- or 3-year old car in cash. I expect to pay around $15k. I'll probably buy through a dealer because I can't find any private sellers in my area with the type of car I'm looking for. My question is whether and how I could use…
painter48179
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What is a good way to save money on car expenses?

What are good ways to save on maintenance/fuel and prolong the life of a car?
Zephyr
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4 answers

Does the number of owners for a luxury car affect its value?

I'm looking to buy a very nice yet still inexpensive car, a 2007-08 Porsche Cayman. I've seem many listing at reasonable prices, but am worried about one thing. Certain cars are listed as "1 Owner", and have a slightly increased price as a result.…
Anoplexian
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9
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9 answers

Why do 10 year-old luxury cars lose so much value?

I'm looking at Kelly Blue Book values for top business class sedans and they depreciate like crazy. For example: BMW 7 2010 : $82,000 - $137,000 BMW 7 2001 : $11,500 - $15,050 Merc S 2010 : $91,600 - $149,700 Merc S 2001 : $11,950 - $17,000 Audi…
serg
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Keep spending money fixing an old car or buy new car

I have a 2004 Honda Accord EX. It has close to 200k miles but is paid off. KBB says its worth is between 2500 for trade in or 3500 for private party sale). I don't know much about cars but it seems to still be in good condition. I've brought it…
Classified
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I'm halfway through a 5-year purchase financing deal on my car. It's expensive. Can I sell it and get a cheaper car?

How would I do that? Wouldn't know where to start. My financing is with a major bank and I think my rate is pretty low. Are there likely penalties?
Nat_Rea
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