The average gas-powered car was 3.7 years old. Historically, vehicles lose the most value within the first year of ownership. Insurance provider Progressive says that during this period, vehicles lose approximately 20% of their total value, followed by 15% up until the four-year mark—the ...
He reminds drivers to account for additional costs like maintenance, insurance, and repairs that come up throughout ownership. Average monthly car payments Lenders useyour credit scoreto estimate the risk that you will not repay your loan. If you have a strong credit history, you are likely to...
Fortunately, it’s easy to find out how much your car weighs and the average weight of cars in general by type and manufacturer. While heavier vehicles typically face less damage in collisions, they get fewer miles per gallon, assuming they’re non-electric. Dive deep into the wonderful worl...
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When the time comes to purchase your next car, you must consider the full cost of vehicle ownership — trips to the mechanic included.
Thenumber of millionairesin the US dropped by 1.8 million to 22.7 million. China had the second highest number of millionaires in the world with 6.2 million. These statistics are a little concerning. It means the rich are getting richer, but the number of people getting rich is declining. Id...
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New vehicle sales represent the inflow into the US fleet of vehicles in operation. Scrappage and exports of used vehicles represent the outflow. New car and truck sales in 2020 through the first half were down about 24% compared to last year. But ...
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Kentucky drivers have historically paid higher than average rates for their car insurance, so the fact that rates actually dropped in the early part of 2008 must have been a welcome change. The average cost to insure a vehicle in Kentucky in 2007 came in at $2,239, which was a decrease ...