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 Many people are confused about whether they need to pay sales tax when they are selling a vehicle. Thankfully, the solution to this dilemma is pretty simple: You do not need to pay sales tax when you are selling the vehicle.
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: 4 minutes For the average American residing in one of the 27 states that charge vehicle taxes, these taxes cost around $440 each year, according to the U.S. Census Bureau.
Reading Time: 4 minutes In a perfect world, the paperwork will be in line with your expectations. But mistakes and misunderstandings sometimes happen. And once you’ve signed your vehicle financing contract, you’re legally bound to adhere to its terms.
Reading Time: 2 minutes When you are finally willing to take the plunge and purchase a new vehicle, the word “new” can be relative.