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 A certified pre-owned car is a used vehicle that has the backing of a carmaker’s guarantee. In most cases, they are newer autos that were on short-term leases.
Reading Time: 6 minutes Oftentimes, if you’re new to car ownership and sales, you may think that once you junk or trade a car, your responsibilities are over. Unfortunately, in many cases, this is not true.
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: 6 minutes When you own your own business, you are always looking for ways to save money. With that, there are a few different ways you can declare a vehicle depending on which way will save you the most money.
Reading Time: < 1 minute At Carvana, we’ve poured tons of time and energy into figuring out what actually matters to car buyers and how we can position ourselves to be the ultimate solution for individuals who are looking for simple and stress-free way to buy a car.
Reading Time: 6 minutes In New York state, you can get a sales tax exemption for motor vehicles, snowmobiles, trailers, boats, and all-terrain vehicles that you use for farming or in a horse boarding operation.
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.