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How Does Car Leasing Work? Car leasing is extremely popular because it offers a more affordable method of auto financing. It allows you to have lower monthly payments than with traditional auto loans. About one out of every five vehicles driven by automotive consumers in the United States are leased. But car leasing is not […]

Car manufacturers offer special sales incentives every month on particular vehicle makes, models, and styles. Incentives vary from month to month. Incentives come in the form of direct-to-customer rebates, special lease deals, and low-interest loans, including 0% APR loan deals. See Best Car Deals for current new-car incentives, including 0% loans. Zero percent financing, when […]

How do I know how much car I can afford? Assuming you’ll buy with a loan, you will want to have a monthly car payment that will fit within your current income, after considering all your other expenses. Don’t make the mistake of buying based on future expectations — a forthcoming raise, a new job, […]

How do I know what price to pay for a car? Let’s say you see a nice used car that you like on a dealer’s lot that is priced at $14,000. Is it a good price? Can I talk the dealer down to, say, $12,000? How much discount can I expect to get? These are […]

Of all the cars available to teenagers, which are the best first cars? If you simply want the fastest answer to that question, without explanation, we would say the Honda Civic is the best all-around car for teens. The Toyota Corolla would be a close second. If you don’t like the Civic or Corolla there […]

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 […]

Refinancing your car loan can often lower your monthly payments. Auto loan interest rates are hovering at the lowest rates seen in many years. If you are currently paying a high rate, you may be able to benefit by refinancing at a lower rate. Depending on the value of your car and the amount you […]

How do I buy a car from an individual private seller — not a dealer? When you buy a car from an individual, you pay with cash, a money order, or a bank cashiers check. The money can come from savings, a checking account, a family loan, or a loan from a bank or financial […]

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 for the first time can be an overwhelming experience. There’s so much to know and how to know what’s important. With this article, we’ll take some of the mystery away from the car buying process. We’ll focus on the car itself in this article because we’ve already covered topics such as new […]

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 […]

Figuring car payments is easy if you have the right calculator — it’s not easy math otherwise Car payment calculation is not simple math. It requires a rather complex business math formula that is not easily done by hand and most people are not capable, or not willing, to take it on. It’s not as simple […]

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 […]

We have been an expert participant on the Yahoo! Answers web site for many years, particularly in the Cars and Transportation section, Buying & Selling sub-section. We answer questions and provide advice about a wide variety of topics related to automobile buying, selling, insurance, maintenance, and car brands. Although the Answers site is open to anyone, […]

Better to Buy Pre-Owned Car, or New Car? First time car buyers have a choice of buying a brand new car, or buying a used car. Which is better? There are advantages and disadvantages to either choice. Most people would rather have a brand new car with its new-car smell and latest style, but there […]

Owning and Driving a Car is a Legal Thing Licensing In the U.S., drivers must be licensed to legally operate motor vehicles. Each state has its own licensing laws that set requirements, terms, and procedures. Minimum age is typically 16 years old, but can vary by state. Most states have special learner driving permits that serve […]