The Federal Tax Credits Blog

Posts Tagged ‘car tax’

Question: loan for car in ontario for 19 year old?

hi there im looking to buy a car 2005 Honda accord or 2003 acura rsx 11 – 12 k including taxes and fees.
im working for about 4 months making 1900 monthly i pay no rent etc
i have a credit card for 500$ which is at 50% for the past 7 months
and i have a dell computer loan for 1000 and my cell phone that appears on my credit history also my credit score is 650 which is decent i believe

i don’t want to get financing from the dealer obviously they enjoy bending you over
what other options will be good from your experiences such as bank loan and buying private listings.
thanks.

ps. looking to get it in 3 months with 2k down

Answer: Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carinsurance.deep-ice.com

East-West imbalance unchanged

Edmonton boosters have been fighting in recent weeks to find a way to keep this city’s Indy car race without bleeding public funds.

Canadian Car Czar

Question: Extend car lease or purchase the car? BUT…?

My husband is a disabled veteran and we are looking to use our VA loan before the end of the year to utilize the ” first time home buyer’s tax credit”
However our Honda Lease expires in October 2009.
His credit is excellent and he will only be on the VA loan because of my outstanding debt.
With that said, should we just get another lease so that we don’t have a new car loan on our backs right before we purchase a home to get the lowest interest possible?
Do I make sense?
Suggestions Please!!!
Thank You

Answer: Doesn’t really matter. A lease or a loan both have the same impact on your credit, in either case you have committed to $X for Y months, and it will be on the credit report.

Avis Budget Group Reports Increased Revenue and Earnings for Third Quarter 2010

– Revenue totaled $1.5 billion, an increase of 3% year-over-year. — Adjusted EBITDA, excluding certain items, increased 33% and improved 320 basis points as a percentage of revenue. — Net income increased 58% compared with the prior year.

2768 Fletcher View Drive, Cordova, TN 38016 – For Sale or Lease Purchase $118900 (MLS 3175114)

Peabody Hotel Group Opens Orlando Expansion

The Peabody Orlando, one of several hotels within the portfolio of Memphis-based Peabody Hotel Group, has opened its $450 million expansion, a project…

Get COBRA Funds, They May Be Available !

A Green Car for Every Driver

Which fuel-efficient vehicle is right for you? That depends on how and where you drive.

Nissan Leaf Electric Car Baltimore MD Washington DC MD

Question: Chances of financing a new car?

So, I’m fairly certain I need a car, and I’m fairly certain that I want a Honda Fit. I applied for financing about a year ago for one and was turned down because my school debt was still too high. Since then I’ve reduced it about $10,000 leaving my debt at $9,900 student line of credit which I am making steady over payments, and will increase those now that my MasterCard was paid off by my tax return.
I’m wondering what my chances are to finance the entire vehicle if that is the only thing that I owe on and pay only about $500 a month in other bills.

And yes, yes I know I could get a used car for only a few hundred dollars, but I want a good car that is going to last me for the next 10 years, not something I’m going to have to take to the garage every three months like my last car.

Oh, and in Canada, if that makes a difference.

Answer: Well you didn’t mention your income or available down payment, the two main considerations besides your credit. But assuming you have a decent job that you’ve held for a reasonable period of time, and your credit score is good, you shouldn’t have any trouble.

Due to the world economy right now, dealers are anxious to sell cars but they’re not going to sell them to ‘high risk’ buyers without charging higher interest rates and/or requiring a higher down payment.

If you can’t qualify for a purchase, you might consider leasing one (Honda has a special right now on leasing a Fit — $150 a month and about $2,500 down, I think), and then purchase it in a few years when you (hopefully) will have more income and lower debt.

Midas Reports Second Quarter Results of $0.06 Per Share

ITASCA, Ill.—-Midas, Inc. reported net earnings of $0.8 million—or $0.06 per diluted share—for the second quarter ended July 3, 2010, compared to $0.4 million—or $0.03 per diluted share—in the second quarter of 2009.

General Motors is an ANTI-AMERICAN Company…