I purchased a motorcycle that has not been delivered, how can I resolve this...
I purchased a motorcycle from Blue Ridge HD in Hickory, NC, almost 2 months ago on 3/30/21. I still don't have the bike.Conditions of the sale was that the dealership get the gas tank vinyl wrapped,...
View ArticleWhat's the best way to quickly get a car on low budget with a poor credit score?
I am starting a new position somewhere that I'll absolutely need a car, so I have to buy one. But I have a poor credit score, so the best APR rate I can receive is about 18%. That means financing a car...
View ArticleStrategy to pay off car loan before selling the car
I have ~$10k remaining auto loan at 2.7% interest rate, and I'm about to sell my car (for personal reasons, not related to finance). What's the best way for me financially to deal with that loan:I...
View ArticleWhat is the procedure of getting an auto loan?
I am a new international student in the US. My credit score is 702 in the Capitalone credit wise and 710 in the CreditKarma website. I am a fully funded PhD student and have an annual income around...
View ArticleLease with intent to purchase a vehicle
I am in the market for my first new vehicle ever. It will be a minivan for our growing family and we ideally plan to keep it forever. That being said, none of my vehicles have ever cost more than $15k...
View ArticleI just paid off my car - should I release my Credit Union's lien on the car?
We just came upon a windfall significant enough to pay off our car loan - so I did. My Credit Union just sent me a letter describing the way in which I can remove them from the lien. From the letter:If...
View ArticleCo-signer taking over as primary when borrower can no longer drive
My sister co-signed a car loan for me. Payments are current. I have had an injury and cannot drive. She wants to take over my car, which I’m fine with. How will this affect my credit? What needs to be...
View ArticleHow to determine car loan length as a function of how long I plan to keep a car
I will be financing* the purchase of a brand new car that I plan to keep for 3 years. Based on this I am trying to understand how to structure the loan variables (term, rate) appropriately.Should I get...
View ArticleGirlfriend took off with the car I got a loan for
I got a loan on a car from CarMax for my girlfriend. She was to make the payments but instead took off with it & I can't find her. Should I report it stolen? The insurance, loan and registration...
View ArticleMy friend cosigned for a defaulted loan. Should he declare Chapter 7 bankruptcy?
Background:My friend Abe co-signed an auto loan for about $25k with his "friend" Bella, in the USA state of Maryland, about 4-5 months ago. The car was for Bella's use. The deal was that Bella would...
View ArticleWhy lease option is so high when purchasing Tesla in Poland?
I am trying to understand what am I paying for when I purchase Tesla based on monthly instalments in Poland.When I try to pre-order Tesla Model 3 in the US site everything seems simple and self...
View ArticleElectric car lease or buy?
I know the conventional wisdom for leasing vs. buying, but are the economics of an electric car significantly different than other vehicles?
View ArticleShould I buy a 23k hyundai elantra at 18?
With the car market being so insane right now it’s hard to find a car worth spending my money on. I live in LA so that’s probably making it worse, but I chose to go to a community college for 2 years...
View ArticleCan I sue the car dealership for fraud if they let my ex finance a car under...
About 4 years ago (2018), i was living with my ex and I leased a car for 3 years but under my name only. 2 years later (2020), we broke up but i let her use the car for the last year of the lease. When...
View ArticleShould I worry about having my credit pulled multiple times while car shopping?
I went to a dealership today and they pulled my credit after a test drive. I've heard that as long as you get your credit pulled for an auto loan within a few days, multiple pulls will only count as...
View ArticleIs there a way to not receive a credit score drop when paying off an auto...
I know the credit score drop is minimal if you have good credit and will recover eventually, but it just occurred to me that perhaps there is a work around like updating the account or restructuring...
View ArticleFinancial efficiency - purchasing a car with cash from retirement withdrawal...
When someone in their retirement is purchasing a car, is it financially more efficient for them to take a lump sum of cash out of a deferred-tax retirement account (and pay income tax on it), or is it...
View ArticleWhy offer at a lower interest rate on a loan then the expected ROI of...
A quick google search told me that the expected ROI of investing in the stock market is roughly just under 10% That's admittedly a bit higher then I had anticipated, but quick scanning of their numbers...
View ArticleInvest in treasury bonds or pay off loan?
I have about $5000 coming in from a stock sale (ESPP). My plan with it was to invest in treasury bonds (I), since the rate is really good right now (~6.69%). It changes every 6 months...
View ArticleIs car loan the better option when one has already saved enough to cover the...
Let's say someone has saved $100 000. There is no specific purpose for this savingNow there is a car that cost $62 000Financing the car entirely via a bank loan would cost around 50% of the salary over...
View ArticleIs it advisable to go for an auto loan if I can make the full payment for a...
Planning to buy a new car in India. Options I have are as follows:Company leased carDirect Auto Loan from finance companyFull one-shot payment from savingsFrom all the articles I've read today, full...
View ArticleCan we hand over blank cheques to a bank when applying for any kinda loans?
I applied for a 4 lakh car loan with HDFC Bank, but before they will approve it, they require four blank cheques with my signature. Is it safe to give the bank those cheques?
View ArticleWhy is nobody offering me the sample APRs when I have excellent credit?
I have been tried to get pre-approval for an auto loan from different companies like Carmax and Carvana. Before I applied, they had a calculator to estimate payments, and the asterix, it says "Rates...
View ArticleCo- Signed car loan and need to have the other signer relinquish claim to...
I recently went and purchased a new vehicle and had my girlfriend co sign and I traded in my old car as a down payment. The finance department ended up writing up the paperwork listing her as the...
View ArticleShould I pay off first auto loan or home loan?
In 2019 I moved to a new apartment I bought, which I had to get a loan for, since I could not pay the sum required. At the time interest was very low, so I decided to go for it, and took a 564k Euro...
View ArticleWho 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...
View ArticleBuilding credit history later in life
I am trying to build credit so in the future I could get a loan if needed probably a car loan. I’m 39 years old.I have never had a mortgage,credit card, or any type of loan in my name just household...
View ArticleWhat options do I have as the primary owner of a vehicle someone else drove...
Back story and its a long one!I live in NH and my sister lives in MA.My sister bought a car with my dad as cosigner but he passed away not long after. Because of this my sister needed a new cosigner on...
View ArticleI co-signed for my son's car and he died. I told the bank to come get it and...
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 ..help
View ArticleClik here to view.
Why Does My Car Loan Interest Fluctuate Despite Having a Fixed Interest Rate?
I'm finding the interest amount I'm paying a bit confusing as it doesn't seem to follow a consistent pattern. For instance, I expected the interest I pay to decrease gradually after purchasing my car...
View Article
