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Buying & Leasing - Questions & Answers

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All Questions (15)

Would You pay off and buy a leased car?

Answer

Anonymous

if I was the only one who ever leased it and had it serviced regularly

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Do car dealerships buy cars?

Answer

YP Answers

Many, but not all, car dealerships will buy your car. Practically all of them will accept your car as a trade-in if you are buying a car from them. Used car dealers make their living on buying and selling used cars. If they think can make money on your car, even if it is as a trade-in that puts you in a new car of theirs, it’s a good bet they will buy your car. Luckily there are so many options now for selling your car, you should not have a problem finding a buyer quickly, just with a little research....Read More

Can you trade in a car that is not paid off?

Answer

YP Answers

Absolutely! It is very common to trade in a car that is not fully paid off. The dealership assumes the remainder of the contract and you get a new (or pre-owned) vehicle....Read More

How much of a down payment is required to buy a car?

Answer

YP Answers

All down payments are different and are determined by several factors, starting with your credit. If you have good credit you might qualify for no down payment. How much is the car? Are you buying or leasing? Is it a new or used car? Is it a dealership or an independent car lot? What are your financial capabilities? All of these will factor into your down payment and future payments. Be aware that if you go with no down payment, your actual monthly payments will be higher. You are still purchasing something over a period of time, and they have to recoup that money somewhere. Some dealers use no down payment as an incentive to lure you in, but that doesn’t necessarily mean you are paying less....Read More

Is it better to get a car loan from a bank or a dealer?

Answer

YP Answers

It is better to get a loan from the lender that gives you the best deal. Lending institutions are in this to make money and that can fuel fierce competition for your business, which gives you the advantage. Dealerships can offer great financing deals if you look around and shop the competition – and so can banks. Get rates and compare. Chances are good someone will look to beat competitor’s quotes, especially dealerships that are pressured to make sales quotas, often in lieu of actual profit on the vehicle....Read More