The first and most obvious cost of owning a car is its price. You might be looking at this in terms of a lump sum or sticker price, but if you're financing or leasing the vehicle, you might be considering the monthly payment. You might have a lump sum to buy a car with, or you...
No-interest financing is a good choice if you plan on financing a new vehicle. Manufacturers typically don’t offer it on base models, so you’ll pay for extra features. Come to the dealership with apreapproved financing offerfrom a lender. By doing this, you can calculate how much you’...
If you're looking to purchase a used vehicle, then a pre-purchase inspection (PPI) and vehicle history report are the two most valuable tools you have in your toolbox. Both are important ways to make sure you know just how "clean" the vehicle you're interested in really is. The former...
Is Amazon actually giving you a competitive price? This little known plugin reveals the answer. Car taxation is usually progressive. Drivers will pay varying amounts, depending on the type of vehicle and the value. Cars and light trucks will be assessed on one rate schedule, while heavy trucks...
When you purchase a vehicle, you may also want to consider what the list price might be in a few years if you plan to sell it. There are certain vehicles that have high resale values and can be priced accordingly. Toyota® cars, for instance, are known for their high resale prices....
The calculated vehicle cost represents the maximum sticker price that you can afford based on your inputs. Sales tax and other fees that might be associated with the purchase of a vehicle are not included in the total. Trade-in value and cash rebate are added to the down payment of the ...
Actual cash value for auto insurers is the market price of an insured vehicle and the amount they will pay if the car is totaled. Insurance companies calculate the value of a totaled car differently. That said, insurers typically use the amount the car owner paid to purchase the vehicle minu...
The initial cost price is not the only expensive thing about hypercars. As a general rule, the higher the price of a car, the higher the insurance premium. Besides the price, most insurance companies consider how much it will cost to repair or replace the vehicle and the risk the driver...
An electric vehicle (EV) is a car that runs entirely or partially on electricity instead of gasoline. The electricity is stored in reusable batteries and used to power an electric motor that turns the wheels. Electric vehicles are categorized as follows: Battery Electric Vehicle (BEV): It runs...
If the vehicle was purchased after 2023, individuals can receive $2,500 as well as an extra $417 if it is powered by a battery that provides as much as five kilowatt hours of capacity. The owner can also get an additional $417 for every KWh of battery life above the initial five KWh...