How soon is too soon to trade in a new car?
Hi - I'm going to assume that you didn't put a ton of money down on your Maxima. In that case, you're what's called "upside-down". You will owe WAY more on the vehicle note than what the Maxima's worth. You'll need to put down a ton of cash to overcome that delta, and you'll have to ask yourself whether or not it's worth it to do so. You could possibly try to find something with a HUGE rebate that would eat up that negative equity, but it's not worth it. The price savings you'd usually see with the rebate is now eaten-up by the negative equity. Without a rebate, you're even further in a hole than what you started. So, any gas savings you'd see would be negated by the rollover from your car loan, and your payment would still be as high (if not higher) than your current situation. Not sure why the one poster put to "trade it in quicker than later", that's just asinine. Please don't listen to them. My advice? Stick it out with the Maxima. If you're serious about trading, spend about two years doubling-up on payments. When you THEN go to trade, you'll find you're even or better on the note. That's when it's beneficial to trade out. Make sure you research your vehicle choice and try hard not to make impulsive decisions. In the car buyer's world, there is no "buyer's remorse" at no cost. It usually ends up costing you thousands to try and trade out of something quickly.
How soon can i trade in my new car?
I bought my first car in may, i have 4 months of paying it. I financed it. But the car waste way to much gas, and i travel far for school so i really want to get a smaller car. Is it to soon to trade in? Will i lose a lot of money? What options may i have? Please educate me in this, not hate on me. I will be talking with my dealer but id like to know some stuff before hand. Thank you in advance. Ps my car is a 2015 subaru legacy (if that helps)
If my car battery dies and I get a jump, how soon do I need to replace the battery?
Batteries have a service life expectancy, but it can be shortened by some conditions. One is hot weather. It isn't winter that kills your battery -- it's the heat of summer. We tend to notice battery failure in the winter, when demand on the battery is higher.Another factor that shortens battery life can be allowing a discharged battery to sit for a long time. The plates of the battery form an accumulation in a chemical reaction that cannot be reversed.But all batteries break down with time. If your battery is several years old it may need to be replaced. It is also possible that there is an electrical problem with your car, but faults of this nature can be tracked down. Here's a test you can do if you are fairly mechanically competent but take note: some car audio systems will go into a security lock down mode if the electrical supply is cut to zero volts. If your car audio has this feature then you will need to enter a code to reactivate the stereo.Wear safety glasses and gloves. Make sure the car is secure and that the ignition switch is turned off. Batteries pose a hazard due to the sulphuric acid they contain and the possibility of arc flash, so be careful.Disconnect the negative battery terminal set the negative wire of to the side, away from the positive terminal. Connect one lead of an ammeter to the negative post of the battery and the other ammeter lead to the clamp on the end of the negative battery cable.Take note of how many amps show on the ammeter. It should be a very small amount. If you note more than a couple of amps, then there may be a ground fault somewhere in the electrical system. You can isolate the exact location of the fault by systematically pulling fuses from the fuse block. When you see the current drop significantly, you will have located the circuit where the fault is occurring. Now you know where to look for the problem.Sometimes the problem lies in the ignition switch itself. Unfortunately I am not a mechanic, so I don't know the test for such a fault. If you look online, you may be able to find the test method there.If the battery was dead simply because you left the lights on, then it could be that there's no problem at all. If the battery held a charge after being boosted, you may be okay for now.However, if the battery is several years old it may be time to get a new one. Winter is coming and you don't want to find yourself stuck in the cold.Good luck.
How soon can you trade in a car after buying?
All of these people are technically right, but there's a bigger picture to consider. It seems to me like you're having buyers remorse which is when you buy something that even you know you can't afford, and so now the little $13,000 model looks appealing. Again since you don't "Own" the car you can pretty much do anything with it, for a price. It is unlikely that the loan people are going to be OK with you changing your mind! Also, it may be harder going forward to get credit, because you would have traded before your first payment.. In my business we call that a lapse. It's not as bad as "we tried to get her to pay but she wouldn't", it's saying your first payment came due and rather than paying you went and got another car, thereby "Lapsing" in your first car loan. I would advise you to pay for your current loan for 10 months, then see what you can do for your new car. The reality is 10 days or 10 months off the lot are not that different when it comes to car value. but it will look better on your all around history
Is Tesla going to release a new car anytime soon?
Tesla doesn’t really do “concept cars” at least not for now. “Concept cars” are cars you never plan to make in production, but are meant to give inspiration and glimpses of “the future”When the cars you are actually putting on the road are already supposed to represent “the future”, no need for concept cars.That said, Tesla has already shown off the Roadster, launching in 2020. The latest information is that they will unveil the Model Y, a smaller Crossover Utility Vehicle based on the Model 3 platform, in March, possibly also shipping in 2020. Finally we know that a pickup truck is coming, and that there is some interest in moving up the schedule, maybe to this year, for an unveiling.More speculatively, there have been occasional mention of other options, such as a “Model 2” which would be like the Model 3 but smaller, a compact Sedan to compete with the Nissan Sentra, Honda Civic, etc.
How soon can I trade in a car towards the purchase of a new car?
About 1 second after you sign the purchase agreement. Possibly sooner.
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.
How long must you keep a car before you trade it in for another?
I just graduated from college. My current car is broke so I have kept my schedule as is, 12 hours a week. I need to get a new car out so I can work more hours and get a new job. My job pays me "well" and will give me hours as soon as I need them so making payments on a car is not a problem getting a car out will be. So how long would I need to keep a car I really dont want before I trade it in?
Do I need full coverage when buying a new car from the dealership?
I'm planning on buying a new car soon, it will be my first and I will like to buy insurance before I go. I've been told by many that I will need to get full coverage because the car is brand new off the dealer. Is this true?