Loans are going to have interests rates, therefore you will pay the same amount for the car either way but with a loan you will end up paying the bank as well.
The cheapest loan for buying a car in the United States would be a personal loan in order to buy a used vehicle. Also, it is much cheaper on interest and easier to acquire.
You bet. You will be able to get a better price. You will not have to pay interest on a car loan. You are a smart shopper if you pay cash for a car. Only suckers borrow money to buy a car.
If you have the cash available, it will work wonders since you are offering a cash instead of financing. Stand firm on the price and always look for other cars from cheaper rates when it comes to the car.
When you lease a car, you don't own it as you do when you buy one with a loan. When Leasing you are only paying for the time you use the vehicle, Imagine the Car cost $10,000 when the car is returned in 3 years time the finance company may say the car is going to be worth $5,000 you are only financed on the remaining $5,000 thus making your monthly payments cheaper, where as if you buying the car outright then you will be financed for the whole car, add in its depreciation it often works out cheaper to lease the car
When you lease a car, you don't own it as you do when you buy one with a loan. When Leasing you are only paying for the time you use the vehicle, Imagine the Car cost $10,000 when the car is returned in 3 years time the finance company may say the car is going to be worth $5,000 you are only financed on the remaining $5,000 thus making your monthly payments cheaper, where as if you buying the car outright then you will be financed for the whole car, add in its depreciation it often works out cheaper to lease the car
If it was straight cash no. If you have signed and notarized doucuments than yes you can legally repo the car.
CASH
You can obtain what they call a "Payday Loan" if you have bad credit. Just take along the title to your car and it will be used as collateral for your cash loan. Of course if you don't pay back the cash loan they get to keep your car.
No car payments. You get to actually OWN your OWN car. If you buy a car on credit, the bank owns the car until you make the last payment.In addition, you pay less for the car. No loan means no interest.
Yes, but your trade in value may or may not cover for the cheaper car so whatever you owe on your current loan will be tacked onto your future loan for the cheaper car you are speaking about.
ya of curse you can use the upside down car loan for buying a new car...
It all depends on the cars conditions and who you are buying it from.