Oftentimes, it's easier to trade in a car you still owe money on than it is to try and sell it privately. This is because vehicles that aren't paid off have a lien on them. The lien prevents a new buyer from registering the car, truck or SUV in their name. When you trade in a...
A common cause of poor mileage is inconsistent speed. Put simply - it takes more gas to accelerate than it does to maintain the same speed. Unless you’re focused solely on speed while driving, you’ll invariably speed up and slow down, getting fewer miles per gallon (MPG). To avoid th...
How does a lease work? Leasing a car involves signing a lease agreement, a document that outlines the terms and conditions of the leasing arrangement. This agreement should specify, among other things, the period of time you will keep the car, monthly payments you will make and mileage limits...
Because a lease is more like a rental, there will be conditions on your vehicle use, the most common of which is the mileage cap. This cap ensures that your vehicle depreciates as expected by the leasing company. If you go over it, you may be charged fees at the end of your lease ...
Although regular maintenance significantly reduces the risk of a mechanical malfunction, there may come a time when your car has an unexpected breakdown and needs to be towed. It’s a reality that nearly every driver faces eventually. So, how much does it cost to tow a vehicle?
1. Make a large down payment Experts generally recommend against paying more than the minimum money down on a lease. It’s one of thecar leasing mistakesyou should avoid, since if you total a leased vehicle, your insurance will reimburse the lessor instead of you. ...
How does car insurance work? Now that you know what auto insurance is, you might be wondering how it works in real life. Car insurance spreads the financial risk of owning and driving a car between you and an insurer, which the insurer agrees to do in exchange for a premium. Paying you...
Check the mileage, if the car has been driven to your address it may have several hundred miles on the odometer. You should record this on the delivery note so it does not come out of your agreed allowance. Keep your lease car serviced, maintained and in good condition ...
If you are deducting mileage as a business expense on your income taxes, the travel must be strictly for business purposes, andcommutingto and from work does not count. Examples of qualified business driving include traveling to meet clients face-to-face, out-of-town business trips, or trips ...
you prefer to drive newer vehicles, or you're abusiness owner who needs a car for work. Before entering into a leasing agreement, however, it's important to understand how leases work and the restrictions they may impose.