Yes, basically the value is deducted off the list price or MSRP. Usually you get screwed and it is better to sell your car outright private party unless is is a heap or you know if to be a lemon. Then there is no value anyway. Best time to buy a new car, 2 or 3 days before the end of the month. Cut a deal and put down a deposit. Shop around for a better deal. Cut second deal and put down a deposit. Now wait till the last day of the month and play them off each other. They want that car to go that month and you now are shopping competatively
Trading in a car does not affect your credit unless you sign a new car loan and get a new car. This may negatively or positively effect your credit.
is there a tax credit when trading in your used car when purchasing a new one
Debit new assetdebit loss (if any)debit accumulated depreciationCredit cash / bankcredit profit (if any)credit old car trade-in
Not leagally. Unless, somehow you suddenly become "unqualified". If your credit suddenly becomes messed up, and they run your credit again, they'll raise your APR, and then you can terminate the contract
Only if you make every payment on time. If you mean paying cash for as new car, no that does not improve your credit score
[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car
Yes, obtaining a deal on a new car is impacted by having good credit. Getting a bargain on a new car depends in part in many cases on obtaining excellent financing. Having good credit lowers the interest rate for new car purchases.
Credit given by stockbrokers IS margin trading.
buying a new car
Of course, as long as the person trading with you agrees....
trading in the car is probably your best option or you can sell it :)
That depends on your credit rating and the lender you get the loan from. credit score 745
depends on which car, used or new, what your credit is like etc.
[Debit] Car Asset [Credit] Cash / bank
Cars Direct website, Car Credit For Less website, they both offer guaranteed credit approvals for new car loans. One can also check with your local financial bank for better rates.
Usually about 30 days.
There is no such thing as a time limit. When you buy a new car and drive it off the lot it instantly becomes a used car. Of course you can turn right around and trade it in on another new car in 60, 90, 120, etc days, but you will pay the difference in what this used car you are trading in is worth, and the new car sticker, which will be less that what you paid. I think you are really asking if there is a cooling off period on the purchase of an auto and the answer is no.
Most new car dealers will offer a "sign and drive" program, depending on your credit rating.
There are several options for people who don't have great credit scores when purchasing a new vehicle. This website tells you everything you need to know about how to buy a car when you have a bad credit score http://www.buyingcarswithbadcredit.com/
When you buy a new car you will either pay in cash the full amount or get credit. If you get credit, you will only need to pay a down payment.
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.