Reading Time: 6 minutes There are many ways in which you will save money by purchasing a used vehicle instead of a new one. These include the depreciation of the vehicle, the mileage, the insurance, the taxes and the type of financing you may or may not need in order to finalize the purchase.
Reading Time: 6 minutes Personal property taxes are based on the current value of your vehicle and are paid once per year. About half of all U.S. states currently charge a vehicle property tax.
Reading Time: 6 minutes Business owners and self-employed workers gain the most in tax savings, but you can also claim vehicle deductions for charity, tag registrations, medical expenses, owning an electric or hybrid vehicle, and many other qualified expenses.