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At a Glance: When buying a used car, asking questions is crucial to make an informed decision. Knowing the car’s history report, availability of records, accident history, functioning features, previous owners, reason for selling, price justification, inspection possibility, and title availabi…
At a Glance Yes, you can trade in a financed car. The trade-in process involves receiving money for your car and can cover the outstanding loan amount. Determine your equity, the difference between your car’s value and the loan balance. Various options exist for dealing with negative equity, s…
At a Glance: Trading in your car has several advantages. It allows you to complete the transaction in one place, making the process easier and more convenient. The dealer handles all the paperwork and can take care of your existing loan. Additionally, trading in your car may help you save
At a Glance: The ideal mileage on a used car can be determined by multiplying 12,000 miles by the age of the car. However, mileage alone is not the sole factor to consider when buying a used car. Other factors such as the number of previous owners, driving conditions (city
At a Glance Sales tax on used cars varies by state, typically ranging from 3% to 8% Some states, like Alaska, Delaware, New Hampshire, Oregon, and Montana, do not have a sales tax on used vehicles The sales tax is based on the purchase price and is collected by the
Owning a car is an exhilarating experience indeed, especially if it’s your first car. One thing that most first-time car buyers fail to understand is that purchasing a car requires planning. The best way to plan for a new car is to start saving. But how do you save for
At a Glance Consider valuable extras like extended warranties and gap insurance when buying a car. Avoid unnecessary extras such as chrome rims, window etching, paint and fabric protection, rust proofing, key protection, nitrogen for tires, theft protection, tire and wheel protection, tire and wheel…
At a Glance Crucial to understand car payments when buying a car. Monthly payment influenced by loan amount, APR, and loan term. Lower monthly payments may result in more interest with longer loan terms. Determine budget, check credit report, consider cosigner if needed. As a visa holder, you might …