David asks…
Is my car eligible for cash for clunkers?
I am a little confused about this because i have been receiving some yes and some no answers…I have a 1995 Ford Taurus Se Sedan. As or right NOW my car is getting 16-18 mpg. Would it qualify or no? Back in 1995 the car was said to get 21 mpg at sticker value but like i said today it only gets 16-18…thanks
CSC101 Customer Service answers:
Well, i’ll do the googling for you:
http://www.edmunds.com/cash-for-clunkers/eligible-vehicles.html –> on edmunds.com, sorted by manufacturer
http://www.cars.gov/files/eligible.pdf –> eligible vehicles on cars.gov, sorted by year model
http://www.cars.gov/files/noteligible.pdf –> ineligible vehicles on cars.gov, sorted by year model
now find your year model on these lists.
Sharon asks…
What is the best when buying a car, Leasing, Paying full cash or Financing?
I have no experience with car shopping in the States. Moving back for fall.
My budget is under 35,000 USD , preferably a sedan, hybrid or maybe a small SUV.
(Mercedes, Acura, Toyota, Volvo, Ford fusion)
Hi 13 year old. Yes you do have more knowledge on this, Because you live in the United States
CSC101 Customer Service answers:
Typical 13 yr old – doesnt know squat and thinks he does. Paying cash has NO impact on credit score. See “credit scores’ mean you used “credit” and paying cash, is not using “credit” is it? So it has no bearing on the CREDIT score.
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Whenever you can, paying cash is smarter. You incur no long term debt, you pay less in the long run. Plus, if you ever fall on hard times, you have the car compltely paid for, so no worries about losing it or not making the payments.
The choice to finance or lease is up to you. It all depends on your lifestyle, and how you treat car purchases. If you like to buy a car and drive it forever, then do a purchase. If you like to trade into a new car every 2 yrs, lease. As long as you are mindful of the mileage limitations (usually 12k or 15k/yr).
Check my previous answers for a detailed comparisson of lease vs purchase
Lisa asks…
I bought a car a paid 15,000 cash 1 year ago ago and it is a lemon what would you do?
I bought a car a year ago and paid cash 15,ooo dollars at a reliable Ford car lot. The car was used with 20,000 miles and the carfax history was great. After the 1,000 mile warrenty my tire fell off, it rained and the my was was wet because the door was out of line, the back brake sheild had to be replaced because of water getting into it tells me a carfax was incorrect had to be in a accident. Then in this year the coils went up, therstat, motors in windows all of them and sunroof, computer system went bad, the shift5 gear had to be replaced and it is a Lincoln Towncar. I did fight and got it repaired cheap but thing are still happening. The problem is now that gas has went up and it is a 8 cylender it worthless. They want to give me 3,000 trade in and no offers on selling it because eveeryone want a 4 cylinder. The gas is sure cosly and its been in the shop 5 of the 12 months I had it. Every says nothing else can go wrong everything been replaced. Now the fuel pump. Am I stuck?
CSC101 Customer Service answers:
Do some research before you buy your next car. If you search for people with major problems with Lincolns you will find a lot of stories like yours. I just had someone come into the shop with a bad transmission and the computer was messed up. They only will give you $3000 because it is only worth about $4000 if you were to sell it private party.
If you can prove 100% that carfax is wrong I believe they have some sort of money offer. You would need more proof then a bad brake shield. Bad brake shield does not indicate an accident to me.
If you bought a used car and any of the paper work said “AS IS” then there is nothing you can do with the lot you bought it from. Msybe they would work with you out of kindness if this was a week after you bought it, but a year later they owe you nothing.
Please buy a better car next time.
Sell this car yourself for $4000 and start over.
Courtesy of Y!Answers