Cars, as well as any other piece of equipment used, depreciate becausethey're a resource that loses its value through gradual wear and tear. The more mileage your car racks up, the higher the probability of you having to pay to fix or maintain something. Is it OK to buy a 20 year ol...
DENNIS HOEYDAVID HENCH By DENNIS HOEYDAVID HENCH Staff Writers
When you buy a car, you expect it to hold its value. But, over time, all vehicles depreciate. The average car loses between 10-30% of its value as soon as it drives off the car yard and continues to lose value each year after that (unless you’ve fortuitously purchased a future cla...
If you decide to lease, your payments may be lower than the payments for financing the purchase of the same car. Instead of covering the interest and principal, as is the case with financing, your monthly payments cover the car'sdepreciation, which is the value your car loses while it is...
A driver suffers a medical emergency and loses control of their vehicle because of an adverse reaction to a prescription drug or medical device failure. A drunk driver causes an accident after a bartender serves drinks to someone who is visibly intoxicated or a known alcoholic. When businesses ...
The film is based on the famous '24 Hours of Le Mans' sports car race, the world's oldest and most strenuous race held in the town of Le Mans, France. McQueen plays Michael Delaney, a racer for Porsche who's still riddled with guilt after an accident killed his fellow driver a year...
vehicle must be a total loss. An insurance companydeclares a car a total losswhen the cost to repair the damage is already close to or more than the car’s value, when the car is stolen, or when its damage is greater than a certain percentage of the vehicle’s pre-accident value. ...
Nine out of 10 new car buyers are paying too much when they take out GAP insurance, which covers the full cost of replacing the car after an accident or theft. We take a closer look
That may be the case for assets that typically increase in value over time, like real estate. However, the average car usually loses value over time, making the balance of the loan greater than the car is worth for at least part of the loan term. Hence, an upside-down car loan, somet...
“After a major maritime accident on the water, I was scared and didn’t know where to turn. The Law Offices of Richard Serpe and his great staff treated me with - Eddie, Norfolk, VA Compassionate, Dedicated and Attentive “I would like to express my sincere appreciation for the excellent...