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Do dealerships require full coverage insurance?
Most dealerships require full coverage for financed cars. When should I stop full coverage on my car? Rule of thumb. If the actual cash value of the vehic...
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Can I be sued for defaulting on a car loan?
If you are sued, don’t ignore it. A default judgment could be entered against you for the balance of your car loan, which in turn could lead actions such ...
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Can a dealership sell an unsafe vehicle?
Under federal law, it is illegal for auto dealers to sell new vehicles that the manufacturers have recalled due to safety defects. Laws in all 50 states a...
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What guarantor means?
A guarantor is a financial term describing an individual who promises to pay a borrower’s debt in the event that the borrower defaults on their loan oblig...
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Can you get a refund on private sale car?
After a vehicle is sold from one private party to another, the buyer can ask for their money back, but the seller generally does not have to agree to canc...
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What is batch size and learning rate?
When learning gradient descent, we learn that learning rate and batch size matter. Specifically, increasing the learning rate speeds up the learning of yo...
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Does a repo from a buy here pay here go on your credit?
You can voluntarily turn your car back into the Buy here pay here car dealership as a voluntary repossession. Most BHPH dealerships do not report to the c...
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What is a redemption release?
The Right of Redemption: Paying Off the Loan Most states give you a right of redemption in the car. What that means is if you pay the entire outstanding b...
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Do you have 14 days to cancel a contract?
If you entered into the contract over the phone, online or on your doorstep, you have 14 calendar days to cancel the contract under the Consumer Contracts...
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Does car have to be in your name for insurance?
No, in most cases, it’s unlikely that you’d be able to insure a car that isn’t in your name. Generally, whoever is the titled owner of a car needs to be t...
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