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Used Cars/Reply to your answer of my previous post


"Payoff: approximately 13,000. I don't have the exact right now, but it is about that or in the 12,000 range. I pay 345 a month and have a 1.99% interest rate.

Insurance company: State Farm

Hail Damage: we had 2 storms with bad hail within the last 2-3 months and noticed it after both because it isn't super noticeable as most is on the roof.

Estimate: I did have it looked at by a paintless dent repair place and it was estimated at about 5200 worth of damage.

If we claim the hail, would it be more beneficial to fix it,  get the money and put towards loan to lower the amount, or keep it as a down payment towards a new car?

I forgot we are also open to leasing a new car if I can stay in my approximate payment range. I have been attempting to sell my car outright to a private party as well to just get it gone, but haven't had luck so far. If we buy, we would want to try to go through the same local credit union for the new loan so I can still have a low interest percentage as well."

SEE MY OTHER ANSWER ...AS  far as leasing is concerned since you appear to like to change vehicles every 4 years or so ...which makes sense with your dynamic ever changing family make up. One important thing about leasing is that negative equity is Kryptonite to having a low lease payment since it factors more prominently in lease payment calculations than it does in a straight purchase.  

Used Cars

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Roger Alvey


I can answer any question about the car buying process. I am a recognized industry expert on all issues regarding auto finance, including sub prime and buy here pay here financing, I can answer questions about car lock out systems, GPS monitoring by your bank, and about auto recovery methods and defenses. I am a 20 yr car industry expert and can tell you what to look for in a used car, how to negotiate the deal, help with how to market your own car, and how to negotiate with the internet department of any car store. I can tell you every single way the dealer is set up to beat you and how to avoid those traps, I can discuss all aftermarket and extended service contract products you will be offered in the finance process, I have lectured extensively on "The Best Way to Buy a Car" to civic groups and university students. I am a credit expert and can tell you what the dealer and banks are looking for and the rate you can expect to pay. CHECK OUT MY WEBSITE AT


20 years industry experience in top management of dealerships and dealer groups. Recognized industry expert since 2004 in the Top 10 industry experts for The Gerson Lehrman Groups Auto Industry Council. I also do consulting work for Experts360, Atheneum Partners, Expert Connect and Coleman Research. I have been a franchise owner and understand all facets of the auto industry from the time the car leaves the factory until it leaves the lot with it's new owner. I have written training materials for both the prime and the subprime sales and finance process.

NADA, OADA, NFIB, State Certified Used Car Appraiser

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Willamette University - Salem Oregon BA Economics Willamette University Graduate School of Business - Econometrics Statistics

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