Finance Questions

Posts Tagged ‘tips’

Question: Can I sell my car before it's paid off?

Due to the increase in gas prices and financing two cars, I thought yesterday that now I will be shelling out over $200.00 per month for gas on autos! When I first began to drive ten years ago and had my first car (Civic) it only took $8.00 to fill up the gas tank. Yesterday, at the pump I spent $46.00 on filling up my Accord. I thought that I would prefer to keep only one car (family) and start taking public transportation.

Answer: As long as you sell for enough to pay off the loan, no big deal. Contact the bank about what will happen when it comes time to transfer the title to the new owner and getting you a copy of your paid note

If you are selling for LESS than you owe, you'll have to make arrangements to pick up the balance before the bank will relase the title to the new owner.

Special Finance Leads AutoNet Financial No Sale No Fee Auto Finance Leads

Question: Can i renegotiate my contract on my car?

I bought a car from Infiniti of Scottsdale on Friday.I am financing it but my credit wasn't great so i asked my aunt in Idaho to cosign for me. I have signed all of the co applicant stuff but none of her stuff is signed, i got the car at 48,000 but see 42,000 listed everywhere else. Am i able to renegotiate terms seeing how I've taken delivery of the vehicle but the contract isn't signed by all parties?

Answer: Yes, the deal isn't done until you've got all the paperwork signed by all the involved parties. You can negotiate any aspect of this deal until all the paperwork is signed. In fact, if you sign all the paperwork then some aspect changes, like they want more per month than you had agreed upon, you can still negotiate or back out all together.

Think about it, what would happen if your aunt refused to sign the paperwork? You'd have to give the car back. See, the car isn't sold yet.

I assume you're talking about mileage on the contract, not price right? The mileage on the contract isn't a big deal unless the dealer is offering a warranty that is only good for "x" amount of miles once you've taken delivery. If they are offering some sort of warranty like that you should make sure the contract is amended to your exact mileage once you have the papers signed by your aunt.

How Can I Buy Foreclosure Homes for Cash at Auction Finance