One of the good things about getting a used vehicle is that your insurance costs will be lower than if you were to purchase a new vehicle. Since used cars have lower total values, they pose less of a risk to the insurance company if you need to make a claim. Your premiums will likely...
After all, you shouldn’t have to work three jobs to afford your vehicle — that would mean you purchased something outside your means. That dream Dodge Challenger Hellcat or Range Rover isn’t going anywhere; the 20/4/10 rule can provide a roadmap of what you can afford while you’re...
Indonesia has a thriving auto parts industry with a notable amount of trade happening between the country and the rest of the world. According to the Motor Vehicle Parts Global Market Report 2023, the international market for auto parts reachedUS$2,515.85 billionin 2022, evidencing a clear ...
Although more commonly known in the health insurance industry, coinsurance also exists in property insurance. The coinsurance clause in property insurance serves to penalize the insured if they fail to insure the property according to the declared coinsurance percentage. ...
For example, if the actual value of your car is only $3,000 and the flood damage is an estimated $8,000, your car insurance company probably won’t pay for the damages; instead, they will write you a check for the actual value of your vehicle; in this case, $3,000. How to ...
Leasing a vehicle involves entering into an agreement where the company pays periodic lease payments to the lessor in exchange for the use of the vehicle for a specified period of time. The lessor retains ownership of the vehicle throughout the lease term. From an accounting perspective, leased...
Buying a used car can be time-consuming, expensive, and risky, so it's important to do it right. Here's what you need to know — start to finish — about the used car buying process.
commercial) license. Generally, you need only a clean, valid, regular driver's license. You will need a copy of the declaration of truck insurance in the minimum amount of $500,000. Check with the individual or company you are transporting for to ensure they also have appropriate vehicle ...
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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 g...