How Buy Car

Can anyone recommend a good car to buy that’s fuel efficient and low maintenance.?
Also, Is it better to buy a brand new car or a used car? I heard if you buy a brand new car, drive it off the dealership lot and it depreciates quite a bit. I would rather buy than lease though. What do you guys think? Thank you so much for any help!

Suggest:
Don’t ask people on Yahoo! Answers. You’ll get answers scattered all over the board with a vast array of reasons and lack thereof. Here’s what you do: Consult Consumer Reports, a non-profit and non-biased organization that rates almost any car, appliance, cellular plan, and almost everything you can think of. You can subscribe to their magazine which has a yearly Autos edition in March/April, or you can look online on their website. Look for one that is recommended by CR (well-performing, reliable, and safe [as determined by the Insurance Institute for Highway Safety and the National Highway Traffic Safety Administration]), high on the list, high in driver satisfaction, and well-priced. If you find a car that makes all or most of these criterias, that’s the one you want to buy. Also, I recommend consulting CR for everything appliance-related that you buy because, obviously, you can’t trust claims made by the company selling the merchandise. On another note, there are pros and cons to both new and used cars. With new cars, it is completely yours. You get all of the features in optimal performance, you decide its lifetime, and as a bonus you get the beloved new-car smell. On the other hand, however, you have to

Can I trade in a New 2006 car that I purchased on March 15th of this month already?
I just bought a 2006 Ford Focus on March 15th of this month. It was a bran new car and even now it’s still farely new cause i’ve only had it for about 4 months and it only has 6,000 miles on it. My my question is, can I trade it in for a used older model car and just have the difference added into my new loan that I finance with the old car?

Suggest:
Can you? Yes. The dealership and finance company will be happy to do it, if your credit is good enough and you’re buying another new car.

Should you? Absolutely not.

When you take delivery of a new car, it depreciates a tremendous amount. The reason is simple: why would anyone buy a car from you with only 100 miles on it, when they can buy a new one for almost the same amount? The assumption is that you wouldn’t be selling it so quickly unless (a) something was wrong with it, or (b) you were desperate. In the first case, they don’t want to buy your problems, and in the second case, they know if you’re desperate you’ll accept less than the car is worth.

You’re obviously not doing this to save money — the 2006 Focus is not an expensive car, and with the money you’ll still owe on it after trading, a cheaper car would work out to the same financing amount most likely — so you either hate the car, or are having problems with it.

If you hate the car: well, you’ve learned a lesson about how to purchase big expensive things, but in the meantime you have a nice car that’s still under warranty. Enjoy it as much as you can; things you hate now won’t bother you much once you get used to them.

Assuming you financed for 5 years with no money down, expect to keep the car for 2-3 years before you can sell it privately for what you owe at that point, and a bit longer if you just want to trade it in.

The next time you’re thinking about buying a new car, rent one for a week or two; in the short term it’s expensive to do so, but in the long term it saves you a lot of money and aggravation.

If you’re having problems with the car: take advantage of your warranty, and keep trying to have the problems fixed. Be aware of the lemon laws in your state, and keep full documentation; if it has a chronic problem that can’t be fixed after the minimum number of visits and within the allowable time period, they may buy the car back from you — but don’t count on it, and you may need a lawyer.

Good luck.

I’m trading my car in for a newer car. What happens to the loan?
I already did the research and my trade in from KBB is about $9200. I want the new 2007 Corolla which is around 15-17,000 roughly. My loan is more than the Corolla itself right now. How does that work when I trade it in to the dealership? Help!

Suggest:
Well basically you end up paying the loan off no matter what. So, if you still owe roughly the price of the Corolla, then they will take your trade in value, pay that to the loan you have now and you will still owe whatever is still left over. So basically, the $9200 you would get for the trade in goes to pay off your old loan. The place you buy your car from will generally pay off the entire value of your current loan to the current lender, and then just roll in whatever extra they had to pay on top of your trade in into your new loan for the vehicle. I dont know what your financial situation is, and how much you still owe on your current car, but it sounds like for right now you would be wise to hold on to the car you have until you get that loan payed off a little bit more. For the sake of the discussion lets say you still owe 20,000 on your current vehicle. Basically if you got the new car for 15,000 you would have to somehow come up with 35,000 dollars. So the car company would put the 9000 from your trade in towards that, and you would still come out the other end with a loan of roughly 24,000 for a car that cost you 15,000. Your car is negative equity right now, which means you owe more on the car than what it is worth. You are going to have to make some more payments on it and get the loan under control before you start to consider buying a new car.

I’m planning to purchase a 2008 Civic Sedan EX, what are some good prices?
I went to two dealerships today and got quotes from them.
One offered bottom line 19,998 out the door.
The other offered 20, 305 out the door.

Would you say the 19,998 is a good price?
My family’s trying to get it down to 19,500 out the door.
No one seems to be budging.

Suggest:
frist go to edmunds.com and follow instructions as to a new car and fill in all areas and they will give you a tmv ( the price you s hould pay for the car in the area you live in,) be sure to fill in all the options it has because that will change the price of the car a lot.
After you get the numbers you will have the power to take back to dealer and show him what you got and he should match that price, if not leave and also edmunds will ask you if you want a dealer to contact you and click yes and within a day or so others will contact you and will be very close to the price you got on line as they know they can sell you that car for what price.
If you don’t check the tmv price you won’t really know how much you can buy the car for.
I always check prices before I go to dealer so I have the upper hand and have never had any problems, so do some work first and that way you will know for sure how much the car can be bought for.

Does anyone know what government grant program i need to apply to. to buy a car?

Suggest:
There is no such thing as a government grant program to buy car. Otherwise, everyone will be going to the govt asking for money and buy a new car every year

The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.

Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document – you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on