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Is it possible to sell a car if you are still making loan payments and the loan is not yet paid off? This is a very common question with car buyers and owners. The answer is yes, you can sell the car, but you must get enough money in the sale to pay off your […]

Car buyers are being cheated every day by a common scam that is usually associated with Craigslist, as well as other online car-for-sale web sites. Craigslist even posts warnings on their site about it but many buyers are so focused on the “deal of a lifetime” they’ve found that they don’t read the warnings. It […]

If you’re looking to lease a car and find a great deal, is it really a great deal? Actually, it’s not easy to tell by simply looking at the numbers. Sure, the payment seems low, especially when compared to a loan payment for the same car, but is the payment higher than it should be? Has […]

Luxury cars have always had the highest lease rate among all vehicle types. Currently about 70% of all new luxury cars are leased, rather than purchased. Why is that, you might ask? There are essentially two kinds of luxury car leasing customers: 1) those who are wealthy and can afford to pay cash or could […]

Used cars are for sale everywhere but many people find it difficult to find just the right car for the right price.  It can be frustrating and even overwhelming. First-time buyers, in particular, often have difficulty with the various stages of the process: buying, pricing, negotiating, applying for loans, registering, and getting insurance. What seems […]

There essentially five kinds of used car dealers from which you might buy. There are advantages and disadvantages to each type. Let’s take a closer look now. Large Chain Used Car Dealers Carmax is the best known of all the large used car dealer chains. They have stores all around the U.S. and typically have hundreds […]

Cheap cars can be found in many places — if you know where to look. Following are just some of the places you might find cheap cars: Independent Used-Car Dealers – Independent used-car lots are a potential source of affordable cheap second hand cars. Many lots have older vehicles that can be real bargains, but […]

Your First Car – Making Your Decision Most of us get our first car as teenagers. It’s the car we’ll always remember. Let’s take a look at some of the important questions you’ll want to consider when deciding about what you’ll buy as your first car, how you’ll pay for it, and how to go about […]

This is the kind of question we see posted on question-and-answer web sites every day. The details might vary but the basic question is always the same. The askers of the question seem to understand that $3000 (or $1000, or $2500) is not a lot of money for a car and they are asking how to […]

First-time car buyers are often first-time drivers as well. Many are teens buying their first car after gaining full driving privileges. Others are young adults who’ve never needed a car before, and never learned to drive until recently. In each case, these people have followed the licensing requirements in their state and had the help […]

What will my car payment be for a particular car at a particular price? If you are buying a car with a loan, you may wonder how much you’ll pay each month for that loan. It’s not quite as simple as dividing the loan amount by the number of months of the loan. That’s because […]

Online car buyers exposed to common car scam by criminal sellers Users of online car buying sites such as AutoTrader, Craigslist, online newspaper classified auto ads, and other non-dealer car sites often find unbelievable good deals, only to find it was no deal at all, but a common car seller scam. We often hear the question, […]

Should I keep my old car and fix it up, or buy a new car? Expressed another way, the question is this: Is it smarter, more practical, and more economical for me to keep and fix my old car than to buy another car, new or used? This is always a tough one to answer. Generally, […]

Buying a car with a low credit score? Having bad credit means that sometime in your past, possibly as far back as seven or ten years, you have had missed or late loan payments, repossessed property or cars, or have declared bankruptcy. You may also have an excessive number of credit cards with high balances. […]

How Are Car Payments Calculated? Car payments are based on how much you borrow, the interest rate, and the length of the loan. The more you borrow, the higher the payments. The higher the interest rate, the higher the payments. The longer the loan, the lower the payments. Unfortunately, the formula for calculating monthly car […]

If you still owe more on your loan than your car is worth, you are upside down. You may still be able to buy another car if you are upside down on your previous loan. There are two ways to go about it. One way to buy with an upside down loan You could sell […]

One of the most bewildering aspects of car ownership for teenagers is that of auto insurance.  It raises questions about why it’s needed, why it costs so much, how it works, and what happens when accidents happen. We have noticed certain questions come up frequently on online question-and-answer boards used by teen drivers. So we have […]

Lease vs Buy? What’s the Difference? One of the best ways to decide between car leasing and buying with a loan is to directly compare the attributes of each, which we will show you in this article. We’ll tell you about how payments compare, about how fees are different, about advantages, and disadvantages. Another way […]

Is it smart to lease a car? Is leasing a good idea? What’s wrong with it, if anything? The answer is that there’s nothing inherently “wrong” with leasing a car. It’s a perfectly valid and popular form of automobile financing. It’s not renting (often confused with apartment leasing). And because it’s a bit more complicated […]

Should I Lease my First Car? Many people who are looking for an economical way to drive a new car, perhaps their first car, will look at leasing as a possible solution. The consideration of leasing is often based on a mistaken belief that leasing is like renting and doesn’t require good credit as does buying […]