Should you use a credit card to pay off a car loan?
You likely have a much better interest rate on the car loan than the credit card. And let's say you do have a lower interest rate on the credit card, unless it's a permanent low rate and below the interest rate on your loan, it will end up costing you more money to use the credit card.Advice - avoid credit card debt. The average credit card is now charging 15 to 25% interest. In the old days, that was what loan sharks charged. Current loan rates on new cars is less than 5%, for used cars it's less than 5.5%. Over the age of the loan you could end up paying hundreds if not thousands of dollars more. Credit card vs loan. Car purchase 15,000 over 48 monthscredit card payment15.04% interest, monthly payment $418 total financing interest paid over 48 months, $5050 above cost of vehiclecar loan payment4.38% interest, monthly payment $341total financing interest paid, $1750 above cost of vehicleThese are calculated using average credit card and loan percentages. Using the loan to pay off the car you save over $3,000 instead of your credit card and your monthly payments would likely be lower. Here's the danger with credit cards, your interest on the purchase increases monthly - new interest payments accrue as long as you have a balance on the account. Let's say you pay $418 a month, well the credit card company adds a finance charge every single month. That's why you pay a much higher interest rate.
Should I pay $1,300 to replace my evaporator in my Ford Focus?
At 140K you would foolish to spend more than 5 cents on it. The car isn't worth $1,300 with an airconcitioner.
2000 Ford Contour or 2000 Ford Taurus?
Time to get a new car I was thinking about a Contour or Taurus I have about a $5000 limit but that includes taxes... I already have a 95 taurus with 194,000 miles on it and still running great. Im leaning towards the Contour any suggestions?? I'm trying to find reviews on the two cars but coming up with nothing...
What are some slang terms used among police officers?
The most derogatory terms for the bad guys and citizens who are just pains in the rectum:A.H. = Adam Henry (A-dam H-enry) If you don’t get it…..sometimes you will hear it as “Jack Hole”…..now what starts with an “A” that ends with HOLE ?RICHARD CRANIUM= What starts with a “D” and is a nickname for Richard ? What is the non-medical layman’s term for the Cranium ? Do these clues HEAD you in the right direction ?
Just got a new job. Can I get a new car?
Since you are a starter, my advice would be as follows:While the new car will look gorgeous and impressive, as soon as you drive it out of the dealership, it will lose at least 10% of the value. No kidding here.The dealer will accept your letter but whether your loan/lease is approved depends upon your credit rating or history. The dealer is going to pull it from all three (TransUnion, Equifax, Experian) and the finance company will decide whether you qualify or not.The loan rate will depend upon your credit score. You may be accepted at low rate, high rate or rejected.Leasing for you is a bad idea. Leasing works out very expensive in the end and after 3 or 4 years you have paid up nearly 75% of the car and it is offered to you at the buy back value of at least 50%. Plus you have to maintain it immaculately and the leasing company decides what is “fair wear and tear”.You will soon have many responsibilities. I am assuming that you have no education loan to pay back. But you will have to consider at least the rent or home loan repayment, daily expenses, gf/bf expenses, etc. I don’t know where you live in USA, but I know that one bedroom apartment rents vary from US$800 (mid-west) to US$2500 (California).You definitely need a car. But I would suggest buying a six to ten year old car in good condition at this moment not exceeding US$ 10,000. Buy a car that has good resale value. After 3 or 4 years, you will have good savings, excellent credit score (as long as you pay bills in time). Then you can buy a new car if desired. Not only you may get a lower rate, but you will have enough savings to make a good down payment.
Can I charge a Low CCA car battery or just replace it?
You've gotten the average life out of it, and a new battery would protect your alternator and keep you from a breakdown along the road somewhere that could cost as much as a new battery in my opinion. So I recommend buying the new heavy duty battery now. Also have the alternator charging voltage checked at the same time to be 14.0 volts or higher. The actual battery manufacturer date on the battery may show that the battery is over 4 years old since it takes time for batteries to be delivered to the car manufacturer. Make sure the new battery is FRESH by checking the date of manufacture on the battery. I like Interstate and Johnson Controls battery manufacturers which produce different battery brand names. The very best battery is a spiral core battery like the ones from Optima (an Interstate battery owned brand) available at Sam's Club, but twice the price of a standard heavy duty battery.
Why do fords suck?
somebody needs a refresher course! there were no mustangs in the 50's first one was in 64 that was to the answer before me opps i tought he said mustangs ..... my bad! anyway ford circled their mistake a long time ago F-found O- on R- road D- dead backwords D- driver R-returns O- on F- foot F-for O - old R- retarded D- dummies F- flip O- over R- read D- directions F- Fix O- or R- repair D- daily I could keep going!
Is MS in Germany really worth investing?
YESThere are normally 4 countries come to mind when thinking of doing MSUSAUKCanadaAustraliaIn case of finance, student has to shell out around 1,00,000 USD for average college in all the above 4 countries. While student would be spending 20,000 USD in Germany. If the student is not financially sound but still wants to do MS from abroad, Germany is the good option.The job market is good in USA and student can free him/her self from education loan in 2–3 years. In case of UK, student must go back next day after graduating if not placed before graduating so it increases the risk. In case of Canada and Australia, the job market is similar to Germany or France and student gets time to find job after graduating also.The salary in each country depends on its GDP, normal salary of graduate in USA from average unv and placed in average company would be 80,000 USD out of which 30–40% would go in tax depending on the state you are working.The salary of same graduate in Germany would be 50,000 USD and again 30–40% tax. The salary is the major different between USA and Germany.Now, in case student wants to settle abroad after doing MS, Germany is better option as work life balance is way better in Germany than US. The Medical expense is very less as compared to USA. The children would be availing free education whole life in Germany. Infact, students (German Citizenship) receive around 600–800 Euros per month when they enrol in college or university so that students are independent and no burden on parents.The only issue with Germany is the language which makes Germany the least possible choice.