jojokay
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Buying vehicles that come from another state?
I am concerned with some of the vehicles that come from other states, my question is, if a vehicle comes from another state, if the title can be washed. (an example would be a Hurricane Katrina flood damaged car) and it was sold at an auction, if these used car dealers have the ability to clear the title so the ususpecting buyer does not know that it is a flood vehicle?
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Thu Mar 01, 2012 5:13 am |
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pocketguide
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Cash has always been the safest and best option if you can pay up front. However, if paying cash leaves you with little or no money in the bank, you might be better off with a car loan.
http://www.personalloansguide.co.za
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Tue Apr 17, 2012 9:49 am |
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viktor07
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It is better to purchase vehicles than finance them through the bank. Dealing with bank is really risky. That is why I buy my vehicles usually if I have enough money. If it is lack, then leasing vehicles is another reasonable solution.
money making ideas
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Wed Apr 18, 2012 7:40 pm |
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littleroc02us
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quote:
Originally posted by viktor07
It is better to purchase vehicles than finance them through the bank. Dealing with bank is really risky. That is why I buy my vehicles usually if I have enough money. If it is lack, then leasing vehicles is another reasonable solution.
I've actually never heard of someone being for a cash sale, against financing vehicles, but for leasing? Please explain why leasing a vehicle is ever a good idea?? Please help me understand?
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Wed Apr 18, 2012 8:54 pm |
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viktor07
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My brother leases cars as he does not have enough cash, but wants to use all conveniences that cars offer. Purchasing cars is really good idea, but sometimes people do not have enough cash for that. There are two sides of the coin, on the one hand leasing may seem to be expensive for a month. But if you do not have cash to buy your own car, but you need to have the vehicle as your transport mean because of your working conditions, for example, then leasing the car is a nice idea.
money making ideas
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Fri Apr 20, 2012 5:46 pm |
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oldguy
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quote:
but you need to have the vehicle as your transport mean because of your working conditions, for example, then leasing the car is a nice idea.
I'll have to disagree with you - when you don't have money, that is about the worst time to lease a car. If you are wealthy and you wish to have a new luxury car every couple of years, then a lease is works. But for normal working people, a lease is a bad idea, too costly. It is much less expensive to buy an affordable car, either cash or finance. (I'm retired & wealthy, I always finance our cars.)
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Fri Apr 20, 2012 6:44 pm |
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littleroc02us
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When your lease a vehicle your basically renting a vehicle for a while and giving it back often with added expensives. Now the dealership isn't in it to lose money so they are charging you enough per month to cover the depreciation and wear and tear, plus make a profit, so no I don't ever think leasing is a good idea. I mean what do you own for spending for example 15k on a lease? Nothing! Here's a funny, stupid story. So when I was 30 I leased a Dodge Ram and had 12k miles I could drive a year. Well my job switched and I had to drive like 40 miles each way to work. Well that was a stupid decision because not only was gas expensive, but I had to park it in my garage and buy a cheap car to drive to save my miles. How dumb could I have been. Do you realize that 12k miles a year is only 32 miles a day, so if you go on one big trip you'll need to park the vehicle for a week. Who want's to live like that. MY wife and I buy all of our cars with cash that we save up and for what we can afford. If someone cannot afford to pay cash for a car IMO, then they are to broke to afford the car. There are rich people like Old Guy who finance cars and there are other rich people who pay cash for cars. I like the latter way, that's just me....
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Fri Apr 20, 2012 6:58 pm |
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viktor07
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To buy your own car is really great. The meaning that leasing the car is a nice idea will end when I try to lease it for me, by myself. I think I will realize how expensive it is and that it is better to save money and buy a car.
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Mon Apr 23, 2012 5:23 pm |
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viktor07
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I have forgotten, I wanted to thank you, friends, for your explanations. Thank you.
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Mon Apr 23, 2012 5:24 pm |
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oldguy
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quote:
What's the point in buying vehicles on Petville?
It's a school day, shouldn't you be in school ?
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Wed Apr 25, 2012 3:34 pm |
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jennaberry
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I had applied for a car loan last year, I was really fascinated on how low the interest is and how fast the transaction is for my loan to be approved.
Bank Car Loan
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Fri May 11, 2012 3:17 am |
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Destiny
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Well for such query every person has their own different view, what resource they are going to use to purchase a car, it depend on their financial status. If the person is not having a good bank balance then he has only option to go for a car loan.
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Fri May 11, 2012 4:38 am |
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Stuart Mackenzie
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| Financing vehicles |
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Golden rule: do not use long-term money to finance a short-term asset.
As you all know cars depreciate like crazy.
I can member some time ago when house prices were rocketing car dealerships suggested that buyers extend their mortgage to finance their cars.
That is classically using long-term money to finance a short-term asset and it is a recipe for disaster.
In my opinion however you finance a car you are simply renting it because when it has reached the end of its useful life one way or another you have to buy another.
People laughed at him when he said he could triple his sales like clockwork. Now he's a millionaire and he's the one laughing: http:www.leveragesalesandprofits.com
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Wed May 16, 2012 9:55 am |
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