Personal Finance & Money Stack Exchange
Personal Finance & 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.

556 questions
302
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18 answers

Who can truly afford luxury cars?

I never really thought about money until one day I checked how much I made compared to the rest of America. The calculator said my household income is in the top 20%. Kind of funny to me, because I always considered myself middle class. (My tax…
ConfusedDeer
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92
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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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18 answers

By 18 years of age, I want a brand new car that's $43,668

I'm from Arizona and I will be 18 in 4 months. I make about $1,200 a month from my job. I have $600 in my bank account and I don't plan to spend any of it until I'm 18. I'm looking to get a brand new Jeep Wrangler Rubicon that costs about …
icedmoca
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87
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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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72
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4 answers

What are some tips for getting the upper hand in car price negotiations?

My family wheels are pushing 200K miles and lights are starting to come on, noises are starting to come out, and I want to investigate a newer car before I sink money into repairing mine. What are some tips when purchasing a new car? I am going to…
MrChrister
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69
votes
8 answers

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house with $4,000 in cash. What is the best way to…
Matt Solnit
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68
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7 answers

1 year old car is dead, called the car dealer they can fix it only if I can bring it, what should I do?

I have a new Toyota Prius (2017 model), bought between 12-13 months ago. The car recently has gone totally mad (Ironically 1 week after the service). So I arranged a booking to get it checked out, but the car won’t start. On top of that, the car…
Maurizio Carboni
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62
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6 answers

Why does Geico ask me not to reveal the limits of my liability coverage in case of a car accident?

I read on my "Evidence of Liability Insurance card" issued by Geico in California, US: What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone. Why does Geico ask me not to reveal the limits of my…
Franck Dernoncourt
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58
votes
8 answers

Do rental car agencies sell their cars at a time when it is risky for the purchaser?

I want to buy a used car, but found many used cars were formerly owned by rental car agencies. Many websites and articles warn against buying former rental cars, because people renting these cars often mistreat them. But from a financial point of…
Village
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57
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12 answers

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 earns 2% interest?
Steve
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54
votes
5 answers

Am I right to believe this online car-purchase opportunity is a scam?

I was looking to purchase a specific car at autoscout24.com. I found it and I then contacted the car dealer for the next steps. After they provided additional information about the car and I provided my details, I was told that I would receive all…
Snow
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50
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12 answers

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 name, and the insurance is in my name as well.…
Megan M
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45
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7 answers

How to pay with cash when car shopping?

I am planning to buy a car with cash this weekend - first time car shopping on my own! I've found a decent used car and scheduled a test drive with a dealership, hoping to make a purchase. They've already lowered the price for me via email/phone…
user40002
45
votes
7 answers

Using Emergency Fund to Sell Upside-down Car

My husband and I have an upside-down car loan, which means that we owe more on the loan (about $10,000) than the car is worth (only about $7,000). We are paying a pretty substantial amount each month in insurance and car payments (over $300 a month)…
Amy
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14 answers

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 the car plus an additional $70 for part of insurance…
CMew3
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