Unless you do the math to determine the total cost, including interest, you’ll never get an apples-to-apples comparison. Here’s an example. Let’s say you’re buying a new SUV with a sticker price of $30,000 and paying nothing down. With a five-year loan and an interest rate of...
How to Determine the Fair Market Value of a Car, Boat or RV Donated to CharityAlex Padaco
If you just finished paying off your current car loan and are considering using this “new” cash to buy a car, you want a car. If you determine you only want a car, then you don’t really need one and shouldn’t be shopping around in the first place. But with that said, you ca...
aThis paper considers how to determine the optimal fleet size and vehicle transfer policy for a rental-car company that serves two cities. In each city, there are single-trip and round-trip customers, where the former is given a higher priority. Because of the single-trip traffic, the numbe...
Car value pricing guides are now everywhere on the internet and are relatively easy to use. They typically prompt you to pinpoint the factors mentioned above, which can help you determine the right value of your car. Here are three of the most popular car value estimator sites: ...
You also want to determine how much you can afford and set a budget. Keep in mind that, almost always, a car will end up costing you more than the sticker price. You want to factor in all of the expenses that come with actually owning a vehicle, including gas, insurance, maintenance ...
After you determine how much you can afford to spend on a car, your next step ought to be finding a car affordability calculator to plug those numbers into. This useful tool shows you how much you can afford to borrow with an auto loan based on your credit tier, estimated interest rate...
Ever since David was a weeCar and Driverintern, he has kept a spreadsheet listing all the vehicles he’s driven and tested. David really likes spreadsheets. He can parallel-park a school bus and once drove a Lincoln Town Car 63 mph in reverse. After taking a break from journalism to wor...
To determine a car’s real value and make an informed purchase, you can run a vehicle search to tellif a car has been in an accidentandif it sustained a salvage or branded title. How to check car accident history There are different ways to determine if a car has been in an accident...
In terms of how much you should pay for a used car, that depends almost entirely on your budget. If you're paying cash for a used vehicle, then the amount you have on hand will likely determine how much you can spend. If you're planning to get an auto loan, you may have a large...