Ways to Find Out How Much Campers Are Worth

Determining the value of a camper can be difficult for a number of reasons. Unlike cars, the market for campers is relatively small, making finding comparable campers offered for sale difficult. The price of campers also fluctuates greatly between various areas of the country based upon demand. There are a number of resources available, however, to determine the value of both new and used campers whether any individual is interested in buying, selling...

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How to Sell My Wrecked Car Without the Title Paperwork

Though many people are fortunate enough to escape physical harm after experiencing a vehicular accident, it can still be a stressful and costly experience wondering what to do with your wrecked car. This can be particularly true when the title paperwork has been lost, misplaced or destroyed with the vehicle. The good news, is that you might still be able to recoup some of your losses by selling your wrecked car. In some cases, you might have to obtain alternative paperwork. But it is sometimes possible to sell a totaled car without any title at...

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How Long After Filing Bankruptcy Can I Get a New Car?

Bankruptcy is a drastic action, according to the Federal Trade Commission, because it is usually the last option for escaping debt. It can show up in TransUnion, Experian and Equifax credit files for 10 years, but its effects are particularly strong in the first few years. Some creditors avoid recently bankrupt borrowers, but MSN Money financial columnist Liz Pulliam Weston explains that it is possible to get loans shortly after bankruptcy with credit improvement strategies. Solution Pulliam Weston advises rebuilding good credit immediately...

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Anatomy of an Auto Lease Contract

Car leasing is a form of financing a new or used vehicle, where the person leasing the vehicle pays for the expected depreciation over the terms of the lease. The lessor does not does not build any equity in the vehicle, nor does she have any ownership interest in the vehicle. Leasing contracts have some specific components that make them significantly different from a financing contract. Up-Front Costs A leasing contract will specify the up-front costs associated with acquiring the vehicle. Leases, much like purchase contracts, often require...

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How to Sign Over a Company Car Title to a Buyer

Signing over the title to a company car is similar to the process for a vehicle owned by an individual. The only exception is that in some cases the car is registered to a business instead of a person. The process is about the same as when a dealership signs over the title of a car, which is registered to the dealership, to a buyer. Instructions 1 Review the title to confirm if it is titled in the name of someone at the business or the business itself. In some cases, the title shows the business name and the business contact's name. 2...

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How to Use Principle Reduction on Car Loan

The amount you borrow for a car loan is the principal balance. Interest is charged on the unpaid balance. When you quickly reduce your principal your loan is paid off faster and you save on this finance charge. The additional amount you pay can vary, depending on what you can afford. Use an auto loan calculator to see the effect extra payments have on your car loan. Instructions 1 Get a car-loan calculator. A car-loan calculator is an online tool used to compute different schedules and terms for auto financing. When you have all of the...

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Car Loans With Credit Problems

Getting a car loan with a bad credit history is not always easy. Each lender sets its own standards for who qualifies for a loan, but lenders with bad credit face fewer options than those with good credit. Having bad credit doesn't necessarily mean you'll never get a car loan. It just means you may have fewer options and may have to wait until your credit improves. Credit History Your credit report contains the details of your credit history, such as how many credit cards you have and how often you pay your bills on time. A person with...

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Does the Person Financing a Vehicle Have to Be the Primary Driver?

The person financing the purchase of a vehicle doesn't have to be the primary driver. The person financing the loan is simply the one who owns the vehicle and takes on the contractual obligations outlined in the loan agreement. Primary driver considerations are more important to auto insurers. Primary Driver Basics The primary driver is the person who uses a vehicle most often. Car insurance providers ask about the primary driver when you...

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Is it Necessary to Put Money Down When Financing a Car?

Depending on your credit and your bank or credit union, you may be required to provide a down payment toward your auto loan. However, you might optionally choose to provide a down payment to meet a monthly payment budget, save money on interest charges or increase equity in your vehicle. Loan-to-Value Ratio Your auto loan provider may require that you provide a down payment based on your loan-to-value ratio. Depending on your credit, you may obtain an approval for up to 120 percent of the vehicle's value as determined by your lender, which...

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Debt to Income When Buying a Car

Despite good credit, you might be declined for an auto loan if your debt isn't properly proportioned with your income, this is known as your debt-to-income ratio. The Home and Finance Family Resource Center reports that a debt-to-income ratio under 36 percent is ideal for loan approval. Loan providers determine your debt-to-income ratio from information obtained from your credit report and credit application. Calculating Debt Your credit report lists your debts, such as loans, mortgages and credit cards. Lenders review your monthly payment...

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How to Finance a Harley Davidson

The Harley Davidson was first built in 1903, powered by a 1-cylinder combustion engine. It was initially built for racing. Today, many of the Harley Davidsons have engines of 850cc or more, but they are more commonly used for street riding. Considered a luxury motorcycle because of the familiar name, slick appearance and innovative engine technology, financing a Harley Davidson is often compared to purchasing a luxury car, but owning one is so much cooler. Instructions 1 Obtain a copy of your credit report. Check your credit report to make...

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The Effects of Car Financing

For many people, financing a vehicle may be the only way to afford the purchase. Instead of having to come up with a large lump sum, the buyer can make a small or possibly even no down payment while paying the balance over time. Financing a vehicle can have several financial effects, which may be positive or negative. Re-establishing Credit If you've experienced financial difficulties which ultimately resulted in bankruptcy, obtaining an auto loan is a way to help re-establish your credit. Some used-auto dealers specialize in providing...

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How to Finance a Vehicle During Bankruptcy

Bankruptcy can be a tough thing. Depending upon the type of bankruptcy, you may lose just about everything. Financing a vehicle may not seem like the best thing to do at this point in your life, but it just might be. After all, rebuilding your credit score after a bankruptcy is vital. In addition, you may have had to sell your car to qualify for the bankruptcy. This may leave you in need of a reliable mode of transportation, and unless you live in a big city with good public transportation, the only way to go is with a car. Instructions...

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How to Lease a Car for a Month

People lease cars for reasons such as business or leisure travel. Most cars are leased for longer periods of time, sometimes even as much as five years. However, leasing a car for a month requires less paperwork and money. There are ways to lease a car for month and save money. Instructions 1 Decide on your automobile preference. Find out if you need a basic sedan or a sport utility vehicle. Depending on the situation, look into renting an...

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Vehicle Lease Return Tips

Returning your lease can be stressful, as you may be unsure if you'll have to pay fees or what the leasing bank may consider damages excessive and beyond natural obsolescence or wear and tear. You should return your vehicle in good to excellent condition. As per your contract, you are responsible for maintaining your vehicle during the time you have it, even if at the end of your lease. Complete the Optional Inspection Most leasing banks offer an optional inspection several months prior to the lease return, providing you with enough time...

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Car Financing Laws in South Carolina

In South Carolina, the Fair Debt Collection Practices Act governs lending and collection practices of automobile loan lenders. When car buyers sign loans to purchase their vehicles, their lenders have certain legal duties. The South Carolina Department of Consumer Affairs administers the South Carolina Consumer Protection Code. The Consumer Protection Code was enacted in 1974 and protects consumers from unlawful lending and deceptive trade practices. Default Notice When consumers default on their vehicle loans, their lenders must provide...

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How to Get a Low Interest Rate When Buying a Car

Get a low interest rate when buying a car and lower your monthly car payment. The interest paid on a car loan (or any type of loan) directly influences the monthly payment obligation. Auto lenders determine interest rate using different variables, and car buyers looking to keep their payments within a specific range typically use methods to get the best interest rate. Instructions 1 Fix credit issues to qualify for a low interest rate when...

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What to Know Before Buying a New Car

You can save thousands of dollars on your new car purchase by taking the time to research vehicle and pricing information before you arrive at a dealer. Pricing and discount offers are readily available online at the manufacturer's website. Learn as much as possible about the vehicle you want to buy to prevent spending unnecessary cash at the dealer. Sticker Price The manufacturer's suggested retail price is affixed to each new car window. These window stickers list the car's specifications, safety ratings and price with added features....

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Can I Buy a Brand New Car If I Filed for Bankruptcy?

Filing bankruptcy doesn't stop difficulties in other areas of your life, just one of which may be the need for a new vehicle. When you've filed bankruptcy, you'll probably have a harder time getting a new car than you would if you didn't file. Even so, your bankruptcy doesn't have to mean you are left without the transportation essential to you. What Lenders and Dealers Consider When you approach a dealer about getting a new car, the dealer looks at your credit score and history, which will reflect your bankruptcy. However, this is only...

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Can You Trade in a Vehicle You Are Financing?

When trading in an automobile, you have many options. You can trade in a vehicle you own out-right, with the trade-in value applied toward the purchase of a new vehicle, or you can trade in a car you are financing. If you are "upside down" in your loan, you will need to pay off the difference between what you owe and what the vehicle is currently worth, or in some cases, you may be able to roll the overage of the loan balance into the loan for a...

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Florida Laws Regarding Canceling an Auto Lease in Three Days

In Florida, there is no grace period when it comes to your auto lease, which is a binding contract. The three-day Florida law applies to gym or health spa memberships, and home- or phone-solicitation purchases under $25. If you want to cancel your auto lease at any time, however, you may seek cancellation through Florida's lemon law. Eligibility The Florida lemon law allows consumers to return a leased vehicle if there are manufacturer defects...

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Forms for Selling a Car to Another Person

Depending on the state you live in, different forms may be required to transfer vehicle ownership from one party to another. The most common form is your vehicle's certificate of title, which is required in most states. But, no matter where you live, it's necessary to make sure you have the right forms for such an important transaction, so make it a point to call your department of motor vehicles. Certificate of Title Your signed vehicle title officially transfers ownership to a buyer, although it may not be the only document necessary....

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Comparison of Vehicle Finance

Under most circumstances, auto loan terms are flexible. Some borrowers may have to provide a down payment or face a restricted term with poor credit. Otherwise, with good-to-excellent credit you can adjust your term and down payment amount to fit your budget. Consider your rate, term and down payment options to ultimately save money over the term of your loan or afford a lower monthly payment. Auto Loan Providers Compare the rates of different auto loan providers to determine where to apply for you loan. Manufacturer banks may offer lower...

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How Do Banks Make Money on 0% Interest on Car Loans?

Technically, banks do not offer zero-percent financing. In fact, the low rate is usually an incentive offered by the manufacturer in lieu of rebates, or money off the vehicle's MSRP (manufacturer's suggested retail price). The cash discount you could have received goes to the lender to buy down the rate instead. Buying Down the Rate The amount a bank might make in profit for a vehicle purchase depends on the borrower's credit and the overall cost of the loan. Zero-percent financing is usually offered for a particular model and price with...

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Laws Concerning Repossession of a Car

When you are making car payments, it's important to not fall behind. When someone becomes delinquent on his auto loan, the creditor has many rights, depending on the contract and the state resided in, and one may be the right to repossess the car. All states have different specific laws related to vehicle repossession so it's important to know your own state's regulations. A reliable reference for such laws is the state attorney general's office. (see reference 2) Seizure While some states may require the creditor to give notice, many...

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Problems When Buying a Car

Buying a car can be an act of necessity or a symbol of freedom. Whatever your situation, buying a car is likely complicated by a number of factors that can all have very real impacts on how much you pay, how safe you are and whether you end up regretting your decision. Cost Cost is one of the biggest problems that buying a car involves. Other than the car's cost, you need to add in the cost of fuel, maintenance, registration and inspections....

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Can You Trade in a Vehicle Under Repo Status?

When you get behind on your auto loan payments, it is only a matter of time until repossession becomes a very real possibility. If you are faced with this scenario, you may try to trade the car in at a dealership for another vehicle. In most cases, this option will not work and the car will be repossessed. Trading Car With Loan The primary reason that this will not usually work is because you still owe money on the car. When you try to trade in a car that you owe money on with a dealer, the dealer will have to pay off your loan for you...

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Missouri Lemon Law on Used Car Purchases

If you buy a defective used car in Missouri, you are probably out of luck. The Missouri lemon law, modeled after a federal law to protect consumers from defective goods sold under warranties, does not apply to used cars. Take extra precautions when buying a used car in the state to avoid being stuck with a lemon. The Law The Missouri New Vehicles Warranty Law, commonly called the lemon law, is frequently mistaken as blanket protection for...

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Questions to Ask Before Buying a Used Car

It is important to test both the seller and the used car prior to signing any documents or buying a car from someone or a dealership. Individuals interested in used vehicles should try to find out as much information about the vehicle and the seller as possible. Potential buyers should ask several questions prior to seeing the car; this will eliminate some cars without having to leave your home. The questions are relevant for personal sellers as...

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Why Is There a Down Payment When Leasing a Car?

Lease advertisements usually call for a down payment in addition to taxes and fees. You do not have to put anything down toward a lease besides your first payment; however, your monthly payment will then increase. Most lease advertisements assume the cheapest payment. Consider adjusting your down payment amount, but be sure to watch your budget. Interest Rates Some banks adjust the lease interest rate depending on the total amount purchased or paid. For example, your lease might warrant a 5 percent interest rate assuming that you do not...

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How Do Car Payments Work?

Understanding how car payments work can prevent you from getting into debt over your head by taking on a bigger auto loan than you can afford. Your interest charges, down payment, the length of your loan term and the purchase price all affect how much you pay each month on an auto loan. Payment Distribution Your monthly car payment pays off your auto loan in two parts. A percentage of your payment goes toward the interest charge, which is...

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How to Refinance a Car After a Bankruptcy

Refinancing a car after bankruptcy is a smart way to reduce expenditures and reach a more manageable budget. However, filing for bankruptcy adversely impacted your credit score, creating an issue when refinancing, because lenders use your credit score to calculate the risk they assume in working with you. To get the best deal, you must show your lender you can handle the financial responsibility of the new loan. Acquiring evidence of your ability to pay takes time. Instructions 1 Find someone with decent-to-excellent credit willing to cosign...

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