I just got my driving licence and intend to buy a car.thru 0$ driveaway car scheme. is it wise?

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The word SCHEME should be a big clue!!!

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No, they will probably suspend your license and throw you in jail.

My car door was hit in a prkg lot by a person parking beside me.My ins had a lapse & wont cover.What shld I do

You're asking if it's wise to get a car though a scheme? I say do it. It will give you a much needed experience- getting scammed.

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I do not know exactly what you are talking about but some places you can buy a car there and make payments there. This is alright if you are sure you will not miss a payment. If you do miss one the interest is high--like half the payment.

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No. If you wreck it, the insurance value will probably be less than you owe and you'll be paying on a car you don't have.

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Save enough for a decent down payment. Either that, or get financing in which you can insure the "gap" beytween your insurance recovery and the outstanding loan amount.

when backed into a car?

When would you EVER think it is "wise" to commit a crime? Do the crime, do the time. Even if you don't get caught, you risk much more in harm to your soul. We never "get away" with anything. You may not answer for it here on earth, but believe me, Your Father in heaven knows ALL and you WILL have to answer to Him!

I backed into car in an area the HOA bylaws say no parking, can my insurance use this to refuse a claim?

A "no-money-down" plan isn't a scheme. But in order to not get ripped off, don't finance a car for more than 48 months. If you finance a new car for 60-72 months, you will owe more than the car is worth after a few months. Then, if you get in an accident, your insurance company will not pay off the entire balance of the car, due to depreciation - and you will be stuck owing money on a car that has been wrecked.

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Also, don't spend more than you can afford. When you go to a car dealer, they will try to entice you by saying "well, if you can afford $250, then we can get you this $30,000 car at $250 per month, and after five years you will just owe us a balloon payment of $15,000". There are many web sites that will give you the payments on a car loan - just plug in the interest rate and total price. Don't forget to add tax and about $600 in dealer fees to the price when figuring out your budget.

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Buy a car based upon what you can afford per month for four years. You might not be able to get the nicest car, but stick with your budget and you won't get screwed.

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Finally, new cars lose a lot of their value as you drive them off the lot. Try buying a 2-3 year old used car for much less than you would pay for a new car. And if this is your first time buying a car, then you might be able to get a used car loan much easier than a new car loan. Watch out for interest rates - don't get stuck with a 20% interest rate on a car loan. If you don't have a good credit score, then you might have to save up and pay cash for a car. If you are under 18, then you probably don't have a credit record at all, and your parents will have to co-sign the loan.

mitsubishi montero sport 2000,84000 miles,total lost, insrance offer me $85000, base on the red book? what is?


Check web sites (such as www.edmunds.com) to see what you should expect to pay at a dealership - and stick to the figure the web site suggests. Be on the lookout for bogus add-ons at the end of the deal. If possible, get an Internet quote - those are usually the best prices and make sure that they stick to that quote when you buy the car.

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As you are buying your car, remember that you will only use this to go from point A to point B. If you just got your license, then you will probably want to impress people with your car. Ignore that desire and your wallet will be better off.

do you hate taxi drivers as much as i do? they are crap drivers,they dont indicate,they just pull up?

If it is a honest dealership, I would say yes, but if it is a nobody dealer, like one of those lots that guarantees you a deal, please be care full. They have a tendency to take advantage of the young and nieve. Either way, make sure to take the car to a mechanic of your choice and have it check over and when you are ready to sign the papers, make sure you look very closely at the interest rate. Anything over 6 to 7% is too high. Tell them you want a better interest rate and id they try to give you a run around, get up and walk out. If they really want to sell that car they will be willing to work with you on the rate. Good luck.
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