Question:
Can someone buy a used car while being on social security? This car is for 9,000 paid with a credit card. My mom's freind is completly freaked out..He is on social security, ownes his home and he just bout a used car. He did not think about it when he purchased the car until later. He thinks his benifits are going to be taken away. he paid it with a master card. Is this true? Can someone give me advise so I can forward it to him.
Answers:
2006 BMW 7 series for $11,000?
You are allowed to make purchases, the problem lies in having enough money to pay the bill. Being on SS, you are allowed your home, and a vehicle. If he has multiple cars, then he may have to reduce his assets to still qualify, assuming it is SS disability, if it's SS because he is retired, there is nothing to worry about, except having enough to pay the bill.How much does it cost to set up my own commercial?
If his credit card has a limit over $9,000 and he can afford to make the payments he can buy whatever he wants. Social Security is not an issue.Has anyone used www.gov-auctions.org to purchaes a car?
Insurance does not become your master when you submit a claim for benefits.Buying a used car from a dealership question.?
Your Consitutional rights cannot be liened.
What should I sell this item for?
Of course you have the right to buy a car.
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If he is on disability, he can purchase a car. My husband had to go on disability last year and one of the things that they told us we could use it for is purchasing a vehicle. So we did and no problem. My in-laws living entirely on social security and they purchase a new car every 4 or 5 years and they have no problem. I guess I don't understand why your friend is worried, people need a vehicle to get around. If you aren't sure, contact your local social security office and ask.
I need to find the owner of this vin number 1FTDF15Y3KPA04185?
you can buy a when social security all most any thing if you can pay for it. its your money you buy anything as long as you can pay for it.Question? For those who have a flex fuel vehicle...?
sure we still have some freedoms in this countryWhere do i get rid of a car that was hit?
Idk, he needs to check with the administration to be sure, but I would think his benefits are his to do with as he pleases?However, when I went through bankruptcy, I know it's different but it's also government guideline dependent, I was allowed only to keep a car so long it was 2,000 or less in value, so again he should check with the administration to be sure.
1964 1/2 Mustang Convertible value?
Maybe you can check, as a friend?
Once I have a buyer and the title for my car, where do I go from there?
If worse comes to, just title it in mom's name or something, idk.
I want to sell my car but I have a co-signer.?
There are limitations on the assets one can have and still recieve benefits on SSI...Pre-delivery check evans halshaw. what does this include / involve?
Believe me... anyone who would or could believe that you can be on social security and that our government is going to allow you to live like a king or queen
How much should I pay for a Toyota Camry Hybrid?
i.e. live in a $750,000 dollar home when a conservative home in the general area only runs $35,000 has got to be off their rocker...
Does the cosigner have to be present at the time of car purchase?
or be allowed to drive a Lamborgini because it got paid for or was donated to the person etc. instead of say a 10 year old Ford Taurus
Looking for a mini van in Saginaw,MI?
a person on SSI can only have up to $2000.00 in a bank account (or for a couple its $3000 slightly more)
a person is allowed a conservative reasonable car except with certain exceptions.
Renault Laguna or Peugot 406 Estate?
a powerchair bound individual might have to have a powerchair accesible van. which normally would go beyond the limits..
How long should a test drive be when buying a new car?
reasonable exceptions to the rules are made
After the auto show ends, where do the cars go? Can the general public buy they?
here is a link to a website with this info...
Is there any good car auctions in wales that shows the cars online?
http://www.cbpp.org/3-10-00socsec.htm...
Looking for a site that gives prices on Oldmobile 98. Kelly blue book dosen't go back that far.?
being able to buy the car or pay for it isn't the issue it is how valuable is it ?
I think a used car dealer swindled me.?
and could they have used the amount beyond the $2000.00 mark for example to be self sufficient..instead i.e. pay their own rent, food, utilities etc. instead of it being paid for by the tax payers??
your friend has ligitimate casue to worry ... he can be cut off, because once a reasonable amount beyond the limit is paid on the car he will either have to get rid of it... or they will cut him off until he is equally in dept for his bills not getting paid...
I just bought an old used car and I am having problems...?
get some advice and assistance from a SS attorney on this one to remedy this major faux paus
also realize that you can use the back pay to buy a nicer one than the later limitation can appl;y this aging is one of the exceptions...
Does anyone know anywhere offering personal contract car hire for a 19 year old?
they want you after you're on it to use it for basic needs not luxury items,,, going overboard on the car you drive is a luxyury item not basic transportation
Walt
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