Whom should I contact or how can I sell my brand new Hyundai Elantra 2013 with pay off 28,500 USD?

I need to get rid of this car (with mileage 100 only) due to personal issues and it is on loan with the Hyundai motor finance. The online calculator gives payoff 28,500 USD. My situation has changed and this is a huge burden on me but I don’t know how to get rid of this. Dealer is asking for 8000 USD in cash just to take it back and I don’t have it. I need someone to take over my loan. Your suggestions will be highly appreciated.

Chosen Answer:

Unless you made a large down payment or had a valuable trade-in when you bought the new Hyundai, the ,500 loan balance is way more than the car is now worth. If it’s been registered and titled to you, it’s now a used car , no longer a new car, regardless of the fact that it only has 100 miles.

You cannot get someone to “take over” payments on your car. Hyundai Finance doesn’t allow it. You must pay off the loan and have someone else buy the car from you. Even if you sell the car, you won’t get the entire ,500 and will have to add your own cash to pay off your loan in full.

Don’t let the car be repossessed or even voluntarily take it back to the dealer and stop making payments. It’s still considered a repossession. The car will be sold at a wholesale dealer auction and you’ll be sued for the remaining loan balance, which will much more than you would have to pay for any other solution. Plus your credit is ruined for seven years. Just don’t do it.

Unfortunately, there is no magic answer to your problem. If you have ANY way to raise the extra money to pay off the loan, do it. Of course, if you had extra money, you could continue to make payments, right?
by: TiggyWiggy
on: 12th June 13

Is Insurance Expensive & Tedious Job? in Car

Automobile maintenance and repair has changed over the years. The rates levied earlier and today are of no comparison. Thus owing a car is becoming a burden for some. Car is a source of luxury and comfort but nowadays maintenance of the vehicle is over the budget of maximum. As it is the motor auto rates vary in accordance to its features and related provisions.

Today, high-tech systems that were rarely heard 30 years ago like anti-lock brakes, electronic engine controls and computerized diagnostics are usual. It doesn’t seem that these technologies would disappear from market in no time. Rather with the arrival of hybrid vehicles and such features are at the highest demand. Everyone wants to get the best and latest. Thus going for cars that cater to high auto rates and further bearing heavy expenses on maintenance becomes impossible. At times this force the car dreamers to step back with their decision of going for a car.

Thus to overcome such a problem going for a good Insurance plan is the best decision. Car Insurance rates vary as per the features and coverages that it comprises of. An individual should study the details of the plans and then decide upon which one to go for. Many Motor plan coverage rates are higher as compared to cheaper ones. This is so because these plans pertain of special facilities to vehicles and cars which move on highways only, or are into the racing business etc.

Thus, individuals should pick a plan and decide upon in accordance to various Car insurance rates. One must ignore such motor plan coverage rates that are very expensive and does not suit their requirement. Thus, it is very clear as there is a variation in the auto rates similarly one may find a difference in Insurance plans also. Several companies are now in the market which provides insurance services to the people, making them feel secure and relaxed.

There also exist various independent organizations that are dedicated in the improvement of the quality of automobile service and repair through the voluntary testing and certification of automotive professionals. Thus, one can seek help from such organizations without having the tension of expenses that would incur on repair and maintenance.


Is it worth the trouble of maintenance than buying a new vehicle?

I have a 4 Cyl Turbo 98′ VW Passat and I love it. Lately it’s been giving me a great load of problems and I’m up to my eyebrows in finacial burden. The car is paid for and I have already replaced all four rotors and brake pads. I’m well due for a timing belt change and all the other maintenance, plus some cosmetics that would help bring the value up. Now the windshield motor has gone out on me which makes it unable to pass the state inspection.

My question is: Should I tough it out and shell out the money for all that the car obviously needs or would it be better to purchase a new car if I can pay it off within a year or less than two years?

Chosen Answer:

As a general rule, keeping and maintaining a used car is cheaper than buying a new car.

Consider, a new car will cost you a couple of thousand in a down payment and then 0-0 a month in payments. You will also be paying higher insurance and registration taxes on the new car. Finally, although you have put a lot of money in the old car, you won’t get that much out of it because it is a 9 year old car (unless you are a master negotiator when using it as a trade-in).

Unless you old car is a real lemon, and reliability is a real issue, you are still better off financially keeping the old car running. Keep the VW, but put away money into a car savings fund. Then, when the car gets to the point of being too unreliable, you have have more for your down payment.
by: Wundt
on: 3rd September 07

Ford’s Young Exec Faces Big Challenges

Joe Hinrichs is the newest executive of Ford Motor Co. As such, Ford family expects a lot from him. He faces big challenges and he has the burden of surpassing Ford’s expectations.

Hinrichs spent grew up in the small, blue-collar town of Fostoria. With a 4.0, he graduated as valedictorian of his Catholic high school. Then, he went to the University of Dayton on a president’s scholarship. He pursued MBA at Harvard University. After that, he was absorbed into the auto industry. Hinrichs was a former engineer of General Motors Corp. factory way back in 1989. He transferred to Ford Motor Co. in 2000. He transported Ford’s transmission parts from one plant to another. Since coming to Ford in 2000, he’s had six promotions.

Now, at the age of 40, Hinrichs is the youngest vice president at Ford. He is charged with extensive North American manufacturing operations of the automaker. He supervises 42 Ford factories in the United States, Canada and Mexico.

It is apparent that Ford is riding on rocky and troubled terrains of the automotive world. This fact alone is a big challenge to the young executive. “Next year will be one of the most challenging years that I’ve ever seen, at Ford or anywhere,” Hinrichs said.

Hinrichs to-do list for 2007 includes the closure of 4 plants and the preparation to close 3 more in 2008, keep reduction costs in plants, help launch five new cars and trucks, and execute 32,000 hourly buyouts at factories, without compromising safety or quality. According to him, if all that weren’t enough, he will help negotiate a new contract with the UAW.

“Joe has served spaghetti in this plant,” said Jim Buffalo Smythe, who serves on the plant committee for UAW Local 2280. That local represents workers at the Van Dyke Transmission Plant, where Hinrichs started his Ford career. “He’s a very strong leader. Some people just have that. And he has that,” Smythe said. “Joe can talk to anybody — that’s his strength.”

The big challenges Hinrichs faces now are the hardest in his entire career. “Everyone believes that I’ve been very fortunate, and I have been,” Hinrichs noted. “But there’s five or six events that have just been tragic, real setbacks. You have to overcome them.”

This year through September, Ford lost billion and this calls for a swift action. Hinrichs is determined to focus on quality of products to boost trust among consumers. Ford alloy wheels, engines, ergonomics and other performance and safety features as well as effective workflow are the main focus of Hinrichs.

By: Sarah Mcbride

Avoid Disastrous Consequences with Automotive Repair

There are times when people consider it a burden to take their car for regular checks up and repair. But it’s highly imperative for the life of your vehicle and for your safety when behind the wheel. You may never realize it but a small mistake on your part or carelessness to maintain your vehicle can put your life at stake or may lead to much higher expenses. Smaller vehicle maintenance repair costs are sometimes inconvenient to pay, but at the end your car and your wallet will thank you for it.

In order to safe a few dollars people tend to ignore the vital details which may lead to more serious problems in your vehicle and can also slow them down to a great extent. Poor gas mileage of your car can be directly related to vehicle maintenance. Timely oil changes or repairs from Automotive repair phoenix can ensure that your car is working efficiently and that your air and oil filters are clean and functioning to their fullest capacity. In addition to it, timely repairs must also include your tires because if they are under inflated they can dramatically decrease your vehicle’s gas mileage.

Routine checkups are minor but can prove to be of major assistance in the long run and let you escape the myriads of car bills or accident bills. Those Phoenix AZ auto repair services that the experts do might potentially avoid a bigger damage to your car in the future. Also, these expenses are relatively affordable and viable as compared to the expenses that you are going to neglect these repair needs and let the car damage get much worse.

The safety of you and your passengers are at huge stake if you don’t bring your car in for regular repairs. If your tires are over inflated or under inflated they can disrupt your control over your vehicle and can even become punctured easily. As you loose your control over your vehicle you can easily get involved in an accident which can be financially as well as physically harming. Regular maintenance at Automotive service phoenix will detect all the problems that may need to be addressed to ensure your safety, such as brake or steering problems. They will also ensure that fluids, such as steering wheel fluid and oil, are kept at an adequate level so that your car always functions efficiently. So, never take your car repair needs lightly. Get them repaired from time to time and ensure complete safety and a safe drive!

By: Ravi Srivastava