I have had good luck with collateral swaps before and likely that will be what happens with my current car loan on my new SUV that is being a problem child. In both circumstances, the collateral swaps for the loan was the dealership‘s idea - which I like since it does not involve a new credit...
I am in a similar situation with an SUV that I bought from another manufacturer. Took delivery on December 21, back at the dealer December 23 with barely 200 miles on the odometer. Since that time, had possession maybe 10 days. Dealer is still working on the car even though a replacement is...
I can strongly recommend Ourisman Ford of Manassas. Bought my Lightning there in 2022. No games. Jason Clark was my salesman and he is a straight shooter.
I did not mean to imply that the full amount was taxable. Only the portion that is above one’s basis in the totaled vehicle. That said, where the loss is catastrophic rather than a normal sale, my understanding is that if a more expensive vehicle is purchased, there is no tax consequence...
If you are getting more for Your truck than you paid for it, you will have tax consequences unless you use all of the proceeds on a new vehicle. I had that situation about 4 years ago. I think the IRS gives you two years. You should check with your tax advisor.
My recommendation would be to file the claim against your insurance carrier and have them subrogate against the other driver's carrier. Your claim would utilize your collision coverage and if your carrier recovers, you should be able to get your deductible back.
I am sorry that this happened...
That does not happen in Virginia since simple interest loans have no prepayment penalties. The finance manager wants you to keep the loan so that the bank/finance company does not charge back his commission for your finance transaction.
I bought a new car from a Maryland dealer and the F&I...
What you get depends upon the state you are in. In Virginia, there is a refund of tax, tags and title. There is a deduct for mileage to when the first problem arose. I cannot speak to after market accessories since I just transferred them from one vehicle to another.
Perhaps - but not for those features that the OEM has committed to paying the dealers to install at a later date. In those cases, I suspect the ultimate cost the the OEM is actually more given that they have to pay warranty labor rates for the upgrades.
I suspect that it has to do with the chip shortage. I am seeing this on other cars that I was looking at where manufacturers have decontented vehicles as compared to prior model years.
I love that red. Ours had been on the lot for a year to the day when we bought it. Got a sweetheart deal. It is Pine Grey with the standard wheels. I would have preferred the 19” wheels, but this is the car my wife selected.
I hope the Ford folks don’t get upset that Volvo is interloping ?