Buying & Selling

What is the difference between a car loan and car lease?

My mom wants to return her vehicle and she says it’s out on a loan. My parents never bought a car, and now that my father passed away, she turns to me for what to do. She wants to know if she can just go and turn it in and pick out a new one or will she have to pay more for some damage to the vehicle! Please help. Serious answers only!

By: vetsmom_rgv

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Does a dealership ever have to pay to get a loan for a buyer?

Cilla asked:


Car salesman says he can get my friend a loan but will have to pay $4000 to get him the loan and they will lose $176.00. This doesn’t sound right to me. Is this possible?

How do I transfer my car loan to someone else and have them take over the payments?

Jesse & Cynthia asked:


I have decent credit and I basically need out of a loan I have. I have heard that people interested could take out their own loan and purchase the car but I was hoping that there may be a way to just sign the loan over and have someone take over the payments of the vehicle. Any advice?

How does a preapproved car loan work?

PrettyBoi asked:


I’m about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?

How do I get a loan from a bank to buy a car?


I’m trying to buy a car from my dad – he told me to get a loan approved from a bank first. How do I do this?
Will this hurt my credit?Submited by:Caribou2

What do you need to get a first time car loan WITH a cosigner?

lilshlump asked:


Hi! I am wanting to buy my first car. I’m 18 years old and the car I want is about $15,000. I just got a job (I have had other jobs before but not for the past 2 months) but I don’t start for another 3 weeks. I will be earning about $600 a month. I have NO other bills to pay, and my parents will be giving me the money for insurance and HALF of the car payment, so paying it will be no problem.

I need to apply for a loan, and I WILL have a cosigner with excellent credit (my dad). I know it varies from place to place, but in general, will I need to have worked at my job for a certain amount of time before I can get a loan? Also, can I put down what my parents give me as additional income when applying for loans? THANKS so much!