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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.
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∙ 13y ago
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What is the cheapest loan available for buying a car in the Unites states?
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.
Is there advantage of buying a used car with cash?
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.
How do I get the best price when buying a car from a car dealership?
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.
What is the difference between buying a car with a loan and leasing a 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
What is the difference between buying the car with the loan and leasing a 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
You loan your sister cash to buy a car can you reposs the car if loan not paid?
If it was straight cash no. If you have signed and notarized doucuments than yes you can legally repo the car.
What is the best loan for a car repair?
CASH
How can one obtain a cash loan if they have bad credit?
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.
Pros to buying a car with cash?
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.
Can you trade in your new car that you still owe on but have a lot of equity for a significantly cheaper car?
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.
Can you use a car loan as a down payment on a car?
ya of curse you can use the upside down car loan for buying a new car...
Is it cheaper buying a car in California or Nevada?
It all depends on the cars conditions and who you are buying it from.
