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Auto Loans and Financing

~4700 answered questions
Parent Category: Loans
Car loans from institutions such as banks or credit unions for the purchase of an automobile

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nomost dealerships have the capability to make a new key based on the vehicle identification number - procedure differs by vehicle make   You can get a master key from the web at www.lostcarkeys.co.uk/ Since most cars after 1999 have encoded car keys, it is very difficult and expensive to get…
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Revving a Car Engine Yes, revving the engine causes a few things to happen. If it's a cold engine, you can cause friction wear on the cylinder walls, piston rings, and pistons. It can cause excess gas to go into the exhaust and ignite in your catalitic converter. Gas ignition in your exhaust melts…
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I would say a new door due to the fact a used door has used parts inside it and could cause problems later on how ever if cost is an issue then i would go with the used door but would lubricate the window and door knob parts inside with a white grease that will help prevent problem later on.
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could be tires out of round,bent rim,out of balence wheel or wheel bearings. or it could be the u-joint is bad and it is off balancing your drive shaft
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%REPLIES% Answer The idle speed solonoid needs cleaning or replacing or carb needs overhauled. Answer The EGR valve could also be stuck in an open position. The EGR valve should be closed when idling, otherwise the engine will die. When driving at town/city speeds or higher, the EGR will be…
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Call your dealer or Junck Yard and ask them if your cluster is interchange with another year. For example Jeep Cherokee is interchange 2000 to 2002 for the cluster but for ac/blower resister is interchangable for, 96-2001. O hope this help youSuleiman
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%DETAILS% Answer TAke the seats out and then the floormat. Hang the mat out to dry and replace the jute backing available at a auto trim store. Make sure the mat is completely dry before reinstalling it or it will mildew and stink like HECK.
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133 oxygen sensor, 101 mass air flow circuit, 123 throttle position high input
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If you have the key number code and can prove that the car is yours then yes. It is always better to try to go to the selling dealer.Some car companies will give you a REAL hard time if you do not have the key code.
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If the relay is faulty, it just needs replacing to work. The switch would never need to be disconnected just to use the car.
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If it just needs brake pads they are only around twenty dollars plus labor if done for you.
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How do you know you need a new transmission? If your tranny is already goin bad id go have a little fun with it, what are you gonna break if its already bad. I wouldn't worry about anything happening to the engine or anything like that   If your tranny is going.. get it checked asap. Our…
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No, Honda did not make the Rubicon until 2001.
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Yes. The only concern is how quickly your state processes titles. Some states will issue the new title in a few days, some in a few weeks. However, which ever dealer you trade the car into should be able to take care of it all for you. If you sell it on your own, you may have to do a little more wor…
Popularity: 88
I'm not sure about your area, but were I live(MN) most junk yards wont give you anything(pay for the towing to get it there at most). You are better of donating the car, usually a tech. college will take it and then you write it off for a tax rebait. Go to the yellow pages. Call the auto recycle…
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you have to look at the contract, or the bill of sale. You should have a 3 day right to recend on the deal. Most states have a 3 day rule Contact your local DMV and ask them what the state law is on that.
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If there are no faults with the first car and you are wanting to change just because of a matter of choice then you will just have to take a loss with the part exchange valuation. If the first car was faulty then you may have to go to litigation as your rights are not straight forward. Unless you ha…
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%REPLIES% Answer Usually on a supplemental sticker, the dealer sticker price for a new car is the Monroney sticker price (MSRP) plus the suggested retail price of dealer-installed options, such as additional dealer markup (ADM) or additional dealer profit (ADP), dealer preparation, and undercoa…
Popularity: 202
If you decide to finance your new car, be aware that the financing obtained by the dealer, even if the dealer contacts lenders on your behalf, may not be the best deal you can get. Contact lenders directly. Compare the financing they offer you with the financing the dealer offers you. Because offers…
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Trading in your car You should only discuss the possibility of a trade-in you've researched the value of your old car. Check the library for reference books or magazines that can tell you how much it is worth. This information may help you get a better price from the dealer. Though it may take lo…
Popularity: 253
In simple terms, an auto lease is a long-term rental. When you lease a car, the lease agreement you sign specifies how long you have the car and how many miles you can drive during this time period. A popular lease term is 36 months (3 years) and 12,000 miles/year (36,000 miles). You are not preven…
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Registering a car You have several issues here. If you plan to drive the car in California it must be registered there, but your Military stautus exempts you from certain fees. If you plan to drive the car straight to Florida you may obtain a "One way Trip" permit from the DMV. On arrival in Fl…
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The Kelly Blue Book is the "Bible" of the Car Industry. The "Lease-end" Value is a projection of what the car will be worth "Wholesale" (not Retail) at the end of the "Term" This assumes you stay within the miles allowed for the Lease. Generally 10-15K per year.This also assumes the condition of the…
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Try asking the question a different way.I have been in the business for a long time and have never heard of substitute plans.
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According to Texas's top seller of new and used car, SoloAutos, the color white is the sought after color for new as well as used cars.
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In the next section of this answer are a lot of responses about returning cars because you don't like the car, don't like the deal, whatever. The QUESTION, however, was about returning a lemon. Every state has a Lemon Law, which requires the dealer to take the car back if it can't be fixed in a "rea…
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%REPLIES% Answer no Answer If you live in California and you sign any contract, you will be unable to return the vehicle. In a rare case, I practically begged the manager of a used car lot to unwind the deal. I told him that my wife purchased a car for me prior to my purchase of their car, …
Popularity: 241
%DETAILS% Answer This is certainly something that can be negotiated with a dealer. It will depend on how much equity you have in the deal, how much money you may be borrowing on your new vehicle, etc. But if you make a it a condition of the deal, yes, it can be done under the right circumstan…
Popularity: 224
I am assuming you bought this from a dealer. You need to go over your paperwork and see if the vehicle was listed as new or used. This would be on the purchase agreement, finance documents, odometer statements and title/registration paperwork. If the dealer represented the car as new and it is use…
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Absolutely. The only issue will be how much equity you have in the car. In other words, if the car is worth $5,000 and you owe $4,000, you have $1,000 in equity. If the car is worth $5,000 and you owe $6,000, you have $1,000 in negative equity. Be sure to verify your pay-off amount before you begin…
Popularity: 217
Typically the rule of thumb is that you have three days to terminate your contract for anything. I would first consult with your dealer about these type of questions before you sign anything. There could be penalties envolved that you would have to pay.   If you live in California and you sig…
Popularity: 237
If you live in California and you sign any contract, you will be unable to return the vehicle. In a rare case, I practically begged the manager of a used car lot to unwind the deal. I told him that my wife purchased a car for me prior to my purchase of their car, but I was completely unaware of it. …
Popularity: 215
You do not have to go through a different lender. Many lending institutions have a program called "release of responsibility". They will require that you apply with them and will make sure that you are credit worthy and budget for the payment. If you do not qualify, you may want to try to re-finance…
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In general, no. The dealer can not be liable for the buyer's inability or unwillingness to conduct business with a third party..If you are concerned about being able to secure insurance, then before you purchase the car, you can introduce a conditional clause into your offer stating that the purchas…
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No, the minute you've signed the contract, the vehicle is yours. "Buyer's Remorse" is a myth pertaining to the buyer's supposed legal right to change their mind and return a vehicle after signing the contract. Not at all based in reality! This myth probably stemmed from a stipulation called the "Rig…
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I would say that you can't return the car because,at a used dealership it's usually "AS IS" so the way you bought it is the way you going to have to deal with it.Also you could have looked for a used car with a warranty for only 30 days. That's all they give you at a used dealership.In most cases, t…
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%REPLIES% Answer of course Answer of course again - but dealers are much less happy with that. With loan rates so low, and dealer incentives they want to move new cars not clog their lots with old ones. So 1+1 won't equal 2 Answer Trades are more valuable than cash to any dealer. T…
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You can trade it in the day after you buy it, but any vehicle depreciates at least $2000 after you take possession (drive it off the lot). As far as when you should trade a new car in, that depends on how much you owe on it and your wishes. Most 60-month payment schedules will get positive equity- t…
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They don't sell cars to "couples" they sell cars to individuals. If there is one name on the contract, and that name has a signature, then the car is sold. They don't care if your spouse is in agreement. The spouse is not a factor in the contract.Yes, this is true provided that your spouses name is …
Popularity: 246
you did't say wether used or new,I have bought used cars and trucks without a lic.but they were paid for in cash from private owners,if you buy a used or new car from a dealership or car lot than you need a lic. to do the transation! . TUMBLEWEED. No. Unfortunately I do not believe there are dea…
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Paying cash for a new vehicle is one of the most stupid things you can do. New vehicles depreciate 15%-20% the first year and on average 50% after 3 years (average 3-yr lease residual) If you finance at a competitive rate, you will pay some interest, but if you put the money you were going to waste…
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United StatesThe laws vary in different states and it can depend on the reason why you want to cancel. It is important that you check the rules in your particular state. Also, its not easy. For example, some states have Lemon Laws that cover the purchase of a car with unreasonable and costly repairs…
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Yes.Find out what car dealers don't want you to know at www.dealertricks.com   That's a possibility. Try to look for some car dealers in the internet and see if thatbargain is available.
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Deffinately!! Dealerships will not tell you this but you have 30 days to return the vehichle no questions asked without penalty.That is a very wrong answer. If you signed paperwork and took delivery of vehicle it is yours unless and until you win in court.ANSWERSure you can return it!! If you don't …
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%DETAILS% Answer It depends on what the documents said when you took the car. Many dealers will do this. They let you take the car, so you become emotionally attached to it. Then they work on the financing. They probably had you sign a document that says the deal is subject to financial…
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In this scenario "the trade in value" itself will pay off your outstanding debt of $5000, regardless of the "dealer incentive". The column should look like this:Price, 20,000.00 New car Less 2,000.00 Discount Less 5,000.00 Dlr. Inctv. Less 5,000.00 Trade Value add 5,000.00 Money Owed add Aplicable T…
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READ your contract. Most auto financing contracts require you to keep the car IN state, unless the LENDER approves. Likely a "note" lot would have such a clause.
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It depends. Sometimes dealers will let a customer take the car while they try to get the financing approved. They will have you sign a form that says if the financing is not approved, you will bring the car back or re-do the deal.The reason they do this is to get the customer to take "mental ownersh…
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Most states have a three-day grace period after signing a contract for a car purchase, mortgage, etc. That means you can change your mind within three days and get out of the contract.After that, or if you don't live in such a state, you're stuck.   Most state do not on vehicle purchases. As …
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Return it to who? The truck is owned by the bank or lending institution. Returning it to them would for sure ruin your credit with that bank. You will also be responsible for the difference in what the bank sells the vehicle for and what you owe. Don't do it. Let someone take over the payments if yo…
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Talk to the lender to see if you can move your paments up to the end of the month. This would be undertandable enough for them, and they would probably go along with it. Make sure you get it in writing, though.
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You can always get ripped off anytime you trade. Also you will not receive nearly as much as the car is worth and will pay more in the long run. Sell your car to a private party at somewhere between wholesale and retail. Find the value at www.nada.com By eliminating the trade you are in a much bette…
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If you took posession of the car and signed the paperwork, then you have entered into a binding legal contract to purchase. Unless the dealer agrees to void the contract, you are bound by what you signed. Hint: Do not accept posession of the car (at least in Texas). There is not 3 day grace period…
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I don't know but you might want to check out the following site:http://www.consumeraffairs.com/automotive/dealers_nv.html
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Cobuyer, cosigner, they are the same thing. Wherever you sign as co-signer you should be aware that if the primary borrower defaults on payments you will be held equally responsible for paying the loan.
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There is no simple answer to this it depends on the fault that makes you want to return it.   Sure you can. You will be basically trading it in as a used car. The day it was put in your name it became a very nice used car and will be treated as such. Don't make this mistake again. Spend time …
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Meaning...you can't pay for it??? Has it been longer than the 3 days right of recission? If so, you have to understand, it's now a used car, and unless you have a real "angel" who will buy it from you for what you have in it, it will cost you a few hundred bucks.
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Yes.Find out what car dealers don't want you to know at www.dealertricks.com
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Wait until the bankruptcy is discharged.   Dear Lord, yes, wait until the debt is discharged! Otherwise you will get stuck with horrendous interest rates which, even if you can afford the resulting inflated monthly payments, will take forever to build any positive equity in the vehicle. And r…
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The first step to buying a used car is a detailed assessment of your transportation needs. It's a good idea to answer the following questions. How will the car be used? The first thing to do is to decide on a class of vehicle that best fits your lifestyle. Who will be driving the car? And wher…
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When purchasing a new or pre-owned vehicle there are an entire list of things to watch for, to expect, and that you should do. You should always buy from a franchised dealership for a number of reasons. The most important reason is recourse. Should something go wrong with a vehicle you've purchased,…
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Buying used car more complicated than buying new car. You have to put more effort on this .You need to select right sellers and should know the complete history of the car. If you want to know the more our experts tips kindly visit website WWW. dealerdemon.com.
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Private Car Sales vs. Buying from a Dealer Buying a used car from a private seller is very different from buying a car from a dealer. Private sellers generally are not covered by the Federal Trade Commission's Used Car Rule and don't have to use the Used Car Buyers Guide. However, you can use the Gu…
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Answer Like a warranty, a service contract provides repair and/or maintenance for a specific period. But warranties are included in the price of a product, while service contracts cost extra and are sold separately. To decide if you need a service contract, consider whether: the service contrac…
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%DETAILS% Answer In most instances the answer is NO. But there are some instances which you may. In general, if you buy from a private seller and the money transaction is complete and you have signed the back of the title, than the car is yours, even if 10 seconds later the engine blows. Buying…
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AN older car with lower mileage beacause, even though and older car may be old you know it's still good because, it lasted this long and to purchase and older car with less miles mean from way back then the person never did any hard riding on the car and if it's still riding now then frankly it's a …
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It depends on the car dealership. There is no requirement for them to offer any grace period for you to cancel your purchase. If possible, you should get the dealership's policy in writing before making a purchase. If you have already purchased, you may be stuck with it.(see http://www.pueblo.gsa.go…
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%DETAILS% I do not have an answer - however we also purchased a vehicle just 2 days ago and not only did it not have the guide on the vehicle - but we did not receive on in the paperwork either- now the dealership is stating that we will have to pay over 1300 to fix the oil gasket that we found t…
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Take the $1000 and use it as a down payment on the cheapest new Honda or Toyota . A good use car for under a grand is like finding an innocent man in jail, I'm sure there out there but you'll find more bad than good (and I own a used car dealership). You have to inspect the car AND the owne…
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Once you've got the car and the dealer/seller provides title (presumably received the money or the loan), the contract is "executed". And the first step in any question like this, is read the agreement you signed and made. Agreement may or may not be important. Go back to dealer or private party a…
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Yes, you should get the car after you sign all the papers.
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Depends on the laws in your state. Go to your state attorney general on the web and look for a 'consumer' or 'consumer protection' link.
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some states have laws on used cars under a certain mileage and lemon laws on others. Was there any warranty on the van? call your state Attorney general and ask.
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If you have something saying you have paid for the car and you have the car and title, he can't come back and ask for more money. If you have no proof that you paid full price, but you did, you may have to let him sue you or you sue him. Talking to a lawyer may help if the dealer doesn't leave you a…
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In legal cases if a person is below 18 he still considered a minor and it states that all minors who enters a contract it will be void.
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I doubt if there's any way to return the car for a refund or replacement unless the dealer is a really nice guy. (OK, you can return it. The dealer will be happy to keep your money and sell it again.) Many dealers will give a 30-day, 1,000 mile warrantee on the drive train, which might cover the bum…
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It doesn't matter where you are, "AS IS" means exactly that. You agreed to accept the car with absolutely no guarantees or recourse.
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If you accept the car "as is" that means you have looked at it and are satisfied and do not want any warrantee.   as is = buyer beware
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Yikes. I hope you're getting receipts from the seller. The cleanest way to do this deal is, to apply for a loan from a bank and do the transaction through the banks. Or, contact the bank that holds the note to see if you can assume it. If the seller defaulted on his payments, the bank would come get…
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Yes i will release the car back to the dealer even if i did made a first payment.Sandile
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If you haven't driven it off the lot, I'm pretty sure you can get out of the deal. And even if you have, there is a chance you can also.
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No. The dealer (or bank that financed it)technically owns the car til it's paid for. If it's become a hard-ship for you, simply give it back. It becomes a 'voluntary repossession' for the person incarcerated, but that sounds like the least of their problems. Good luck.   FYI, a repo is going …
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I don't know but if it were me... I would ask the dealer for an itemized statement of the DMV fees owed and the amounts already paid, if they won't give you one, call the state Attorney General's office and ask for consumer help. If they give it to you, and it still doesn't make sense, try taking it…
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Yes it will most definatly go against your credit report. A credit check is only to provide a lender with a picture of your credit history. it has nothing to do with wether or not you have good credit or bad credit in its self. wether or not you pay your bills on time and how much you owe is what de…
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You won't be able to return the car, but, if you find enough evidence, and if the transaction wasn't that long ago, you may be able to bring litigation against the person who sold you the car.Tampering with odometer readings is a federal offense.Whether tampering is done by a backyard mechanic who r…
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Yes !! Until the new buyer re-registers the vehicle into his/her name, YOU are legally liable for any damages to people or property as long as your name is on the title. Best to hand carry the title with both seller and buyer to the motor vehicle office and get this done before handing over the keys…
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Getting a profession pre-purchase inspection is much more than just taking it to a trusted mechanic. For all the information you need to select a qualified automotive technician to perform a pre-purchase inspection, please visit www.usedcarinspections.org. This is a non-commercial site with valuab…
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Depends on you state laws. In most states you have no legal right to return a car unless there is fraud involved.
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The dealer has nothing to do with the car unless he financed it himself. Do not do this! Figure something else out. Get someone to take over the payments, sell the car and pay the loan off, re-negotiate the loan. Do whatever it takes to keep your good credit. If you return the car to whoever holds t…
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This like other major contracts and purchases, is subject to a 3-day right of refusal. Get back to the seller ASAP!!
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%REPLIES% Answer He is guilty of fraud and is doing you no favor. If you allow this, then you are a co-conspirator in fraud. Answer Surely this can only happen with your knowlege as you have to see, read and then sign the forms!
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That would depend on what terms you bought it under. If it was a private purchase, did you sign anything stating you bought it "as seen, tried, and tested". If so I think you would have a hard time taking it back. Why are you unhappy with it? Is it broken? Is it not fit for use? These things can aff…
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If the dealer doesn't require it, probably not, but you have to decide if you want to take the chance of continuing to make payments on a car that you can't use after an accident.
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Probably. Remember, there are still plenty of cars on the road that don't have airbags. And, of course, you can switch airbags off on a lot of cars these days.You don't mention it, but often when the airbags in a car go off, the car might be considered a total loss. If that's the case, you might hav…
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Typically, (depending upon your state) if you wish for a vehicle to NOT be insured any longer, you would need to turn in the license plate before being able to discontinue the insurance. BUT this depends upon your state. Contact your State's Dept of Public Safety or the equivalent.
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You can have it insured in your name, You can have it titled in your name as lienholder and have it registered to another party
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Yes. Once you have registered the car in your name, the old policy can be canceled out.
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As the cosigner has a financial interest in the property, meaning if something happens to the vehicle he can be made to pay "All" the bills, Then he should certainly be insured on the policy for any loss regardless of whether he is driving it. A cosigner is jointly and severally liable to the lien…
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