Looking to buy a car TLDR: what are my options if I have low 500s credit score, make $60,000 a year after taxes and pay 1200 a month for rent. I’m looking for a used car that cost around $15k, what are the best lenders I can use? What down payment should I expect to pay? I want my payment to be between $300-350 a month. First time financing buyer thank you. sub…

Using your iPhone to start your car is about to get a lot easier Image: AppleDigital keys could become more popular and more ubiquitous after automakers and the consumer tech industry came together to announce the formation of a new working group to develop industrywide standards for ultra wideband (UWB) connectivity. The working group is the result of two consortiums teaming up (don’t you love it when conso…

Digital Car Key and Ultra Wideband Groups Team Up for Future Apple Car Keys Improvements The way vehicles take advantage of new connectivity standards could be improving in the near future, leading to updates on how smartphones like the iPhone control cars. This month, the Car Connectivity Consortium (CCC) and the FiRa Consortium that oversees the development of the Ultra-wideband (UWB) standard, announced a partnership for the fut…

I Want A Stylish And Sporty Commuter Car For Under $20,000! What Car Should I Buy? Anthony is moving from Seattle to Chicago and he is looking to replace his aging 2005 Infiniti FX35. He likes the power and style of his crossover-coupe, but would prefer something with better MPG and it would help if the next ride was a tad easier to park. With a budget up to $20,000, what car should he buy? Read more…

Car insurance went up My current employer requires body injury liability insurance 500k per person per accident and 500k coverage for property damage. I’m currently paying $1,800 for 6 months (100k/300k coverage) and with this new quote for 500k CSL it shot up to $18,000 a year. I work from home and drive to different sites 1-2 days a week about 20 miles each way. I…

Biden’s Electric Car Problem Examining the real effect of a law meant to supercharge the production and sale of electric vehicles.

Need some help weighing car loan options I’m paying $448/mo @ 7.7% on a 84mo loan for a 2022 Jetta S manual with 19,600miles currently (Yea, I know..) Bought it new last year. Car books at around $16k trade and around $18k private party as it sits. So I’m upside down around 4-6k and the value will continue to plummet based on fluctuating market now and the fact that it’s a base model J…

Turns Out, Borrowing A Car At Gunpoint Is Illegal Police in Memphis, Tennessee are looking for two suspects who stole a 2009 Mercedes-Benz E350 at gunpoint last week only to returned it the next day. Read more…

Driving a personal car for work duties – insurance coverage I tried to search for an answer to this here and couldn’t find one. Part of my job is doing small, nearby errands such Costco, the bank, etc. I do this maybe 3-4 times a month. I drive my personal vehicle for this. What if I get into an accident during one of these errands? Do I need to change my policy? Will it cost more and how do I navigate t…

You Totaled Your Car. What Are You Replacing It With? It’s a scary thought but at some point most of us will have to replace our cars. Whether it’s because of an accident that results in total loss or a catastrophic breakdown, we’ll have to replace a beloved daily with a new one. In that case, what model would you replace your current car with? Read more…

Just bought a used car with financing through a dealership. How does it work to refinance it? I thought my credit was good (around 760), bank offered interest rate of 10.99 percent I believe over 60 month term. I know interest rates is high currently, but I am looking to eventually refinance it when interest rates get lower. How does it work to refinance it? Is there a certain time period I have to wait before I can refinance it? I don’t…

Nephew crashed car I gave him. Help, I just received a letter from a law firm asking for 20k in torte? I gave my nephew a car on a Saturday. I told him I was canceling the insurance on Monday. Insurance formally stopped covering the car on Friday. He crashed the car the next day by t-boning someone while running a redlight. And he didn’t have insurance. I gave him the car bef…

Co-signed on sister’s car, that she had voluntarily repossessed, company failed to sell car after having it three years, and will not return car when offerd to buy it. As the title states, the car doesn’t even appear on my credit or hers. She filed for bankruptcy in Feb 2023, and the car was picked up in December 2020; in Oct, the collections company requested to be added to her bankruptcy and was denied. I forgot about this car; I contacted the collections company and asked if I could either have the vehicle…

Can you still haggle when buying a used car? I’ve heard stories from friends and relatives who have had to pay more than MSRP for new cars in the past few years given the car shortage. There’s a used car I’m looking to buy. Can I still haggle or is the car shortage making haggling pointless? submitted by /u/stephawkins

What Car Makes You Automatically Lose Respect For The Driver? Earlier today, I went for a short walk during my lunch break and passed a guy driving a Honda Fit. Immediately, “That’s a good dude right there,” popped into my head, which makes sense because I’ve never met a Honda Fit owner who I didn’t like. They’re just good people. That got me thinking, though. What are the cars… Read more…

They hit my car – both have insurance (presumably) – how to proceed? A few weeks ago someone backed into my car while I was at work, just body damage. They left their name/phone, when I called to get the insurance info they said they would prefer to pay out of pocket rather than file a claim with their insurance. I just got a preliminary estimate, it’s going to be at around $2000 and I will be without my car for …

Just made a huge mistake taking out a used car! The used car I bought I was told is worth $23,000. The dealership is an hour from my home and I didn’t have a ride there but I found the car online. I applied for financing and they told me over the phone I had been approved. The guy didn’t mention APR or for how many months during that call. Told me I should put the down payment over the phone …

Sell Truck for better economical car and mpgs I have a 2019 F-150 with 15,500 miles on it paid off. It averages about 17 mpg and when I bought it I gambled that gas prices would drop. I am finding that I don’t really use the truck for moving material or hauling and can pull some equity out of it. I am only doing about 8k a year in mileage. I bought it for 36.5k and can trade it for 31.5k. T…

Lost my job and having my driver’s license suspended – should I sell my car? I’ve had a triple whammy of a month so far as I’ve lost my job, put down my dog, and had my license suspended due to medical reasons. The medical expenses for both my dog and I have me panicking about my financial situation and it has been really hard to ignore the $700~ monthly charges associated with my car. The car is new (2023 Mazda Cx30) an…

‘They Want To Be The Gatekeepers’: Car Dealers Are Stopping Customers From Buying EVs As it turns out, car dealers seem to know even less than buyers do when it comes to electric vehicles, and they don’t really seem too keen on learning about them. The Washington Post spoke with a number of customers who said dealers tried to redirect them to gas cars or gave them unclear or downright incorrect answers … Read more…