Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


  • Content Count

  • Joined

  • Last visited

  1. I just bought a 2015 Kia withh 12k miles for roughly 50% of its original msrp So unless the Elantra was fully loaded I tend to think that price was too high but you're not going to do well on interests rate with no credit history and no cosigner. She might actually do better with a new one as long as she's willing to keep it for the term of the loan.
  2. A car with that many miles and no extra for repairs would be a serious mistake. It's going to need things, even $4000 for it would be way too much.
  3. From an insurance standpoint I have had vehicles registered in one name and insured in another and all the dmv cares about is that a registered vehicle has valid coverage.
  4. If you do this you will be upside down the 7000+ plus the immediate loss of value on the Prius. Also hybrid vehicles get their best milage in city traffic not highway driving, so you won't see anywhere near 50 mpg. The big discount off msrp shows the loss of value on the car it won't make you less upside down, you will not purchase a car from a dealer that is worth more than you paid for it. The dealer had to profit from the deal or minimize loss no mattet how good the deal is. The salesman will always make you think you got a fantastic deal even if you paid way more than you should have.
  5. I didn't think the spot delivery games were really played that much anymore with consumers being better informed about their rights. But, that's what the dealer hopes that after bringing the new car home and showing it off you will be too emotionally invested in the car to bring it back. The rate you're having to pay is in line with your scores but you are going to pay a pile of interest and unless you put a big pile down you will be underwater for almost the entire loan.
  6. Don't depend on carfax as substitute for completely inspecting a vehicle. All data does not necessarily transmitted correctly. Most body repairs are easy to spot no matter how well done. You can look for bolts that have had a wrench on them. A car being in a minor accident should not be a reason not to buy it, in fact I target cars with prior damage to get a significant discount, cars were getting in wrecks long before carfax. It's a matter of determining the severity of the wreck and the quality of the repair.
  7. nq


    If your credit is not real strong, your best bet is to apply at the dealer. But, make the deal first, don't say anything about where you think your credit is.
  8. Dealerships are always running "sales" good deals are never served up on a platter. There are some manufacturers promotions on year end leftovers this time of year. Remember that 0% deals usually come at the cost of some cash back so with your scores you should be able to get the best rates out there and you'll have to compare the interest saved against the discount. If you'll research the model you're looking at you'll be able to find out what manufacturers are offering.
  9. nq

    NMAC dispute

    If the payment was late,your best bet is probably with the cras. But you might want to ask in the main forum for more answers from people experienced in that area
  10. Also since the car is being totalled, the insurance company needs to get the title to the vehicle from the lienholder.
  11. A few things to keep in mind if you choose to sell your car, 1. All dealers will make you a cash offer for your car. A ford dealer might be a better place to check. 2. Selling it yourself,you will get more money than selling it to a dealer who then has to mark it up to make a profit.
  12. Even if it's an enforceable contract in your state, are you willing to spend the money on a lawyer. I'd just take the order to another dealer to beat your original deal.
  13. The really best way is to look at what comparable cars are selling for by private parties on Craigslist and ebay. "Book" values have a place as a general guideline, but some cars are more valuable than the book says many are less valuable.
  14. As far upside down as you are, and since you have cash to cover the shortfall, you might want to try to sell your car privately. You might get a bunch more for it.

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
  • Create New...

Important Information