and a totaled car can be titled as “junk“, “total loss” and even “salvage“, depending on your state regulation. Also you need to pay attention to the “rebuilt” title for those used cars back on the market
An insurance company may consider the car to be totaled even if it can be fixed. Generally speaking, the company decides tototal a carif the cost to repair it exceeds a certain percentage of its value, anywhere from 51% to 80%, according to Insure.com. Some states mandate or provide gu...
A vehicle can't be registered without payment of the tax. An owner is typically entitled to a pro-rata reimbursement of any ad valorem taxes they've paid if the vehicle is stolen, totaled, or removed from the state.4 How Are Ad Valorem Taxes Assessed? Property taxes are the most common...
I understand that there are so many people who would benefit from a more affordable transportation option. After all, a car can be essential to landing a job, getting to work, helping you pick up and drop off your children at childcare (so that you can work!), getting groceries, and so...
They can even lower your interest rate in the process. Also, you should be offered a smaller interest rate, as long as you never paid late on your last car loan, and have not added anything negative to your credit. It sounds like you will be forced to buy a new civic, so...
Gap insurance pays the difference between what you owe on your vehicle and its current market value if it is stolen or totaled in an accident. While add-on coverages will raise your car insurance rates, they can also save you a lot of money on out-of-pocket costs if something happens ...
Learn how to lease a car like a pro and get the right car lease deal for you by simply following these steps.
repairs (or replacement). Your insurance company usually will send your car to a company-approved repair shop to get these repairs done. While you wait for your vehicle to be repaired, the insurance company will provide you with a rental car you can use if you have rental reimbursement ...
With car insurance rates increasing rapidly over the past few years, it has been challenging for many policyholders to keep up with their insurance payments. While forgoing auto insurance may seem like a quick fix to a tight budget, maintaining continuous coverage can save you from greater finan...
You plan to put miles on quickly:Very few things reduce a car's value faster than lots of driving. The faster you rack up the miles, the faster you depreciate your car's value, and it's likely that you'll be dropping the value of your car more quickly than your payments can keep ...