Archive for the ‘Buying & Selling’ Category

 

Can i purchase a car on finance without a driving license?

Sunday, January 10th, 2010
Lili asked:


My boyfriend and i want to buy a car. I have much better credit rating than him so i want the finance to be in my name but i do not have a driving license and will not be driving the car. Is it possible to buy a car on finance without having a license? and without giving his details at all.
**please do not give me relationship advice, i know about the risks of purchasing a car on behalf of your boyfriend…… just need an advice about the finance.

 

Are finance companys required to state a vehicle is A TOTAL LOSS in the loan docs?

Wednesday, December 16th, 2009
Roxanna asked:


I purchased a vehicle last year the dealer and the finance company never told me this vehicle is a TOTAL LOSS. What can I do???? A total loss meaning savage vehicle.

 

What is the better route to finance a new car?

Saturday, December 5th, 2009
jodimb32 asked:


I want to buy a used car. Is it better to try to secure financing from a bank before going to any dealerships? Or, are the dealerships more willing to haggle if I finance thru them?

 

How old you have to be to finance a vehicle in Texas?

Thursday, November 26th, 2009
da geeky freak asked:


I am 18 years old right now and I am trying to buy a truck from a dealership. How old do I have to be to finance it? Do I have to be 21 to buy a vehicle? Also, is it legal to sell beer at 18 in texas?

Thank-you

 

I bought a motorbike on finance and need to get rid of it what shall I do?

Saturday, September 5th, 2009
Almeister 5000 asked:


Hey, I recently bought my first bike, a honda CBR125r on finance. I got a 0% deal and had to put down no deposit, but now due to personal issues as well as money problems I need to get rid of it. It’s illegal to sell a bike with finance on it so I don’t know what to do. Its only done 50 miles so its still worth a decent amount of money. Any ideas?

 

How to sell a car if financed through Capital One Auto Finance?

Saturday, August 1st, 2009
Vish asked:


So I want to sell my car which I’m still financing. Problem is this Capital One is mostly done online. How can I go to them if I end up selling it, ya know?

So..Has anyone ever sold their car when they were still making payments through Capital One Auto Finance? If so, How did you do it?

 

Can anyone tell me what participation split means with a car dealership and a finance company?

Wednesday, July 15th, 2009
xsvideo asked:


I have a high interest rate loan on a truck, I am paying the payments on time and I am thinking about getting something else with a better interest rate. But I found out that car dealerships and finance companies have participation splits when they sell a car and complete the financing. I wanted to know what that means and am I paying for it. My rate is 24.9% I know that is high but my wife and I had not choice due to a loss in job. We are ok with it but really need to make a change now. Any advice would help. We have stable income and credit scores between 540 and 587, all of our credit cards and car payments and other bills have been on time for the past 12 months. We have some old judgments that maybe total $3500.00; one is a medical bill and the other a membership we never used at a discount supply place. Thank you for your answers in advance.

 

How does the credit union finance the car for you ?

Saturday, June 20th, 2009
The Truth Hurts ! asked:


I am trying to get a used car something reliable and under 10k..I was told by a loan officer since I have no credit history they might be able to finance a car for me..So what does that mean…
Would I need a down payment ?

 

Is it better to finance a used car through a bank or through a dealer?

Monday, June 15th, 2009
writermaury asked:


Which is the best way to finance a used car — through a bank or through a dealer? Will you get a better interest rate going directly through a bank? Will the dealer give as good of a deal if he does not get a cut on the financing?

 

How can I finance a car from Craigslist or a small dealer?

Friday, May 15th, 2009
asked:


I want to buy a car (2002ish) from a used car lot of Craigslist for about 7k.
The problem is only the big dealerships offer the easy financing, and Craigslist and the smaller lots yield mostly to cash customers.

How could I finance a car from one of these? What’s a “lending institution” or something? It seems impossible!!

A specific service/website would be appreciated.

Thank you! :)


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