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Can You Trade in Two Cars for One? | Sapling

Cars Details: Clean your cars and make them presentable, but avoid costly repairs or additions like new tires, which aren't likely to be worth the return on your investment. Warning A dealer will still want to check out your trade-ins in person before making a final value estimation, but doing a bit of advanced haggling can at least give you a ball park idea

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How to Calculate My Car's Basis for Taxes | Sapling

Cars Details: New Cars Step 1 Ask your dealership if your state taxes rebates and reduces taxes for trade-in vehicles if either of these apply to your sale. Step 2 Calculate the vehicle's taxable cost by beginning with the car's negotiated value. For example, if the sticker price of the vehicle is $15,000 but you negotiate $500 off before rebates, your

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How to Sell Luxury Cars | Sapling

Cars Details: Whether you are trying to sell an Audi sports car or a Ferrari, selling luxury cars is a similar process to selling any other type of vehicle. The main difference is that more money is involved in the transaction.

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How to Purchase Two Cars With One Payment | Sapling

Cars Details: If you want a single payment for two cars, seeking a personal loan is the most common option. When you get this kind of loan, the bank provides the money for you to use as you wish as long as it's not for illegal activities, and the loan is usually unsecured, unlike with auto loans.Generally, you can find personal loan terms ranging from one to seven years depending on the bank, so you can

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What Does a Dealer Pay for a New Car? | Sapling

Cars Details: There’s a reason that the manufacturer’s suggested retail price, or MSRP, on a new car serves as the starting point for negotiations rather than the final price. The MSRP often is thousands of dollars more than the dealer invoice, which is the purported price the car cost the dealership. While that number can be relatively easy to find, other factors make the final cost to the dealer

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How Is a Car Loan APR Calculated? | Sapling

Cars Details: Calculating APR for a car loan tells you how much it's going to cost you to borrow the money to buy the vehicle – it's the yearly cost of your interest rate. Lenders are required by federal law to tell you what it is before take out a loan, but you can figure it out yourself using some basic math.

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Can I Own Two Cars With Supplemental Security Income

Cars Details: The equity is the net amount the owner could receive upon selling the vehicle. If the recipient uses both cars for transportation, SSA can exclude the one with the most equity and count the one with the least equity to permit eligibility. For example, the recipient owns two cars and uses both to go to a doctor, work or shopping.

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How to Sell a Car As an Executor | Sapling

Cars Details: Once a property has gone through or avoided probate, it can be distributed as determined by the will or the local laws. If the car of a deceased person doesn't have anywhere in particular to go, it can be sold by the executor.

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Ohio Car Buying Remorse Law | Sapling

Cars Details: The Ohio lemon law applies only to cars that are less than 1 year old or were driven fewer than 18,000 miles, whichever occurs first. Best Defense Perhaps the best way to ensure you don't get stuck with a car you don't want is to take your time shopping for a car and do plenty of research before making a purchase.

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Laws on Abandoned Vehicles in New York State | Sapling

Cars Details: An abandoned vehicle was left on your property for no reason and without your permission. However, if you own a garage or similar automotive shop and a customer left a car with you for repair and then failed to return, New York law classifies that car as an unclaimed rather than abandoned vehicle. The law sets out a different procedure for removing an unclaimed vehicle from your property that

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How Does Cash Back Work When Buying a Car? | Sapling

Cars Details: Cars with large cash back rebates are the models the manufacturer and dealerships most want to sell and get off the lot. If you are negotiating on a car with a large cash back offer, redouble your efforts to negotiate a lower price. These are the cars the dealer is anxious to sell, even at little or no profit.

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When You Buy a Car From New Hampshire Is There Sales Tax?

Cars Details: New Hampshire is one of just five states that do not have a sales tax, so you’re in luck when you need to purchase a vehicle. As long as you are a resident of New Hampshire, you won’t need to pay sales tax on the purchase of your car, even when you go to register it.

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Is it Possible to Quitclaim a Vehicle Title? | Sapling

Cars Details: A quitclaim is the process that a property owner follows to forfeit his ownership of a piece of property to another party. Although the term "quitclaim" is generally more often used when referring to a piece of property — not an automobile — being transferred from one individual to another, you may still transfer an automobile from one person to another.

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Car Repossession Tips & Tricks | Sapling

Cars Details: Repossessing a vehicle that's in default can be tricky, especially if the car owner knows repossession is a risk. However, a smart repo man knows some simple tips and tricks that can help him locate the vehicle and return it to the lender without causing a fuss or violating local laws.

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Public Welfare Grants to Help Purchase a Car for Low

Cars Details: A grant is a sum of money awarded to a federal, state or private agency for the purpose of performing public works or offering support. Grants may also be awarded to individuals through public and private agencies and most often include grants for education, medical assistance or housing assistance.

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Medicaid Rules for a Client Owning an Automobile | Sapling

Cars Details: A Medicaid client owning an automobile may have the vehicle exempt from being counted as an asset subject to the $2,000 limitation on the total value of assets if the vehicle meets one of four requirements.

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How to Determine a Used Car Loan Value | Sapling

Cars Details: Some cars have been issued titles after being salvaged and repaired following damage resulting from an event like an accident or flood. A car title may also reveal that it was used as a rental or commercial vehicle. Any of these circumstances can impact the car's loan value.

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When You Buy a Car What Does "in Transit" Mean? | Sapling

Cars Details: New cars in line to be loaded onto a ship. Image Credit: NTCo/iStock/Getty Images An "in transit" vehicle is one that is due at a dealership but hasn't arrived yet, such as when a dealer orders vehicles from the factory. Some dealers may consider a vehicle purchase from another dealer as "in transit" as well.

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Car Buyer Remorse Laws in Washington State | Sapling

Cars Details: These laws allow purchasers to receive a full refund if their new cars require frequent repairs. To qualify as a lemon, the car must have a problem that's covered by the warranty but can't seem to be repaired correctly. For most problems, if the dealer tries and fails to repair the problem four times, the car counts as a lemon and the customer

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How to Negotiate With Car Dealers if You Are Paying Cash

Cars Details: Just because a dealership says it’s selling a car for a specific amount doesn’t mean you can’t negotiate the price. One of the staples of the car-buying process is negotiation. The salesman says one price, you say another and the two of you try meet somewhere in the middle.

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How Much Money Can Car Transporters Make? | Sapling

Cars Details: These workers often transport new cars from a factory to a dealership, or move vehicles between different dealerships. Car transporters typically drive special tractor-trailers that are designed to securely hold many cars stacked on top of each other. Some car transporters work as employees and are paid a salary, while others are self-employed

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How to Check a Used Car's History for Free | Sapling

Cars Details: "A vehicle history report (VHR), also referred to as a VIN check, used car report, or car history report, is a detailed document that provides vehicle information about the history of a particular car, boat, truck or RV.In order to obtain a VHR to verify a car's history, you'll need to know your vehicle identification number (VIN)." Source: DMV.org

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Can a Used Dealer Sell a Car Without a Title? | Sapling

Cars Details: A used dealer isn't supposed to sell a car without having the title in possession. In fact, in most states, it's unlawful to do so. Until the dealer has the title, issued in the dealership's name, the company doesn't officially own the vehicle.

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How to Buy a Repossessed Car | Sapling

Cars Details: Repossessed cars can be a big bargain for the savvy shopper, as they often sell below the Kelley Blue Book or NADA Guides values. The caveat is the risk associated with these cars, since they're often sold as-is and rarely offer you the opportunity to take a test drive before buying. Whether you're buying direct from the lender, going to an auction or visiting a reseller or dealer, get as much

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Can I Own a Car While on Food Stamps? | Sapling

Cars Details: Cars used to transport disabled household members are not considered regardless of their fair market value. Exceptions Qualifying for food stamp aid using the combined resources of everyone in your household may be a challenge if everyone owns a car. However, not everyone in a household is required to report the fair market value of their

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How to Lease a Car for a Teenager | Sapling

Cars Details: In general, teens can't lease cars on their own. Car-leasing companies are unlikely to lease a car to anyone under 18 because of contract restrictions for minors, according to Cambridge Underwriters.With few exceptions, minors don't have the legal ability to enter into a contract.This means that any contract, such as a car lease, can be voided by the minor, which is not a risk the leasing

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How to Repossess a Car Legally and Properly | Sapling

Cars Details: If you have sold a vehicle to a private party on an installment basis, the purchaser's right to possession of the vehicle depends on making timely payments in accordance with the contract. If the customer misses a payment, he has defaulted on the loan, and you have the right to repossess the vehicle. Legal vehicle repossession requires following specific steps and procedures to repossess the

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Can I Sell My Car Without a Title in Texas? | Sapling

Cars Details: Texas state law requires an official title for all car sales. The seller is required to provide a certified title to the buyer when ownership of the vehicle is legally transferred. The title protects the buyer and the seller against undisclosed information that could affect the validity of the sale.

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How to Transfer a Vehicle to a Family Member in - sapling

Cars Details: California defines a family member as a spouse, domestic partner, parent, grandparent, child, grandchild or sibling. You're exempt from one DMV rule if you transfer title to a family member. Otherwise, the requirements are the same and you might have to submit a good many forms.

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When Do You Pay Taxes When Buying a Vehicle out of State?

Cars Details: Vehicle sales tax rates often range between 1.5 percent and 8 percent and may have a minimum charge. However, some states such as Alaska, New Hampshire and Delaware don't charge sales tax on car purchases in general, while Oregon charges a small use tax just when you're buying a car out of state. On top of any state sales tax, you'll need to add the county portion, if required, to know how

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How to Sell a Car With a Rebuilt Title | Sapling

Cars Details: Buyers are sometimes wary of cars with rebuilt titles because they're concerned new issues may crop up from the old accident. What It Means to Total a Car When a car's totaled, you can either sell it for parts or you can fix it so the car can be driven on highways again and sold. Florida lets the insurance company brand a badly damaged car as

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How to Donate My Vehicle to a Fire Department for a Tax

Cars Details: The donated cars are used to train firefighters on extracting people who are trapped in vehicles. Usually you can donate cars that do not run and cars that are in good working condition. Fire departments rely on vehicle donations for some of the department fire training. The donated cars are used to train firefighters on extracting people who

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How Long Is the Normal New Car Warranty? | Sapling

Cars Details: New-car warranty periods vary by manufacturer. Two separate warranties cover most parts of the car, while usually a handful of additional warranties cover just a few specific vehicle items, such as emissions parts, seat belts, rust or paint.

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What Do You Get From a Car Dealership After Buying a Car

Cars Details: When buying a car at a dealership, some things you can expect to receive include a temporary registration from the dealer, paperwork showing your loan contract and purchase and any extras the dealership has offered. You should make sure your important car documents have correct information.

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What Is Replacement Cost in Auto Insurance? | Sapling

Cars Details: In the insurance industry, replacement cost is the amount the insurance company will pay to replace the car if it is damaged or stolen. No matter how old or used the car was at the time of loss, the insurance company will pay the vehicle's original price.

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How to Transfer a Vehicle Title Without Tax in Tennessee

Cars Details: In situations where you buy the car from someone not closely related to you, you can expect to have to pay state and local tax as part of transferring the title. However, gifting a car in Tennessee or buying one from a lineal relative enables you to avoid those taxes. You'll still pay fees, though.

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How Is Sales Tax Calculated on a Vehicle Lease in

Cars Details: In Pennsylvania, as in most states, you don't pay sales tax when you purchase a motor vehicle but you do so when you decide to rent a vehicle. Sales taxes are applied to your monthly payment rate, taking into account state, county and local rates.

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Do I Have to Pay Tax on a Car That Is a Gift in Ohio

Cars Details: When you purchase a new or used car, you will usually pay sales tax. However, the government will not ask you to pay this tax if you received the vehicle as a gift. You generally won't pay any gift tax, either. The donor, not the recipient, is reponsible for paying gift tax where the value of the gift exceeds a certain value. If the donor stays below the annual exclusion threshold, there

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How to Refinance a High Mileage Car | Sapling

Cars Details: A car with high mileage is always worth less than a comparable vehicle with lower mileage. More miles typically means more wear-and-tear and more maintenance and repair costs. If you're looking to refinance the loan on a high-mileage vehicle, carefully weigh the pros and cons of taking on a new loan for an old car.

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What Rights Do You Have to Return a Used Car in South

Cars Details: In South Carolina, a car loan agreement is a binding contract that cannot be reversed within any grace period. What's more, South Carolina's lemon law, which protects consumers from defective vehicles, applies only to new cars. However, you do have options when it comes to returning a used car to the dealer.

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Is a Car That You Owe a Car Payment on an Asset? | Sapling

Cars Details: For instance, houses and cars, which are generally the largest purchases most families make, rarely keep the same value for which they were originally purchased. Depending on the reason for calculating net worth, it may be appropriate to engage the services of a professional appraiser to determine the value of such items.

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How to Rent a Car With Bad Credit | Sapling

Cars Details: Car rental agencies are not completely unreasonable to be concerned about bad credit: Cars are expensive, so they can construe the lack of a credit card as a sign of bad credit and conclude they are incurring a greater risk by entrusting you with a vehicle. Many rental locations offset this risk by requiring a deposit that is held on your debit

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The Average Salary of a Classic Car Restoration Mechanic

Cars Details: Experienced auto mechanics with a passionate love of old cars find great satisfaction and profitable employment in restoring vintage and classic cars to their original grandeur. The average salary of a classic car restoration mechanic is dependent on experience, reputation, geographical location and employer.

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How to Buy a Car in Nevada and Bring It to California

Cars Details: A leading online source for new and used cars is Kelly Blue Book (KBB). KBB provides car reviews and is an authority for car resale values that is referenced by buyers and sellers. Step 3 Choose the vehicles that meet your specifications based on your selection criteria. Virtually all vehicles show pictures including interior, exterior and a

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How to Calculate the Ad Valorem Tax for Georgia Vehicles

Cars Details: In 2013, Georgia created the Title Ad Valorem Tax, or GA TAVT, for vehicles purchased in March 2013 and later. As of 2018, residents in most Georgia counties pay a one-time 7 percent ad valorem tax on these vehicles at the time of purchase. Owners of vehicles that fit this category can use the DOR's Title Ad Valorem Tax Calculator tool to calculate their Georgia car tax.

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How to Calculate Tax, Title and License for a New Car in

Cars Details: According to the Texas Department of Motor Vehicles, car owners must pay a motor vehicle tax of 6.25 percent. To calculate the sales tax on a vehicle purchased from a dealership, multiply the vehicle purchase price by 6.25 percent (0.0625).

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Can I Donate a Car That Doesn't Run? | Sapling

Cars Details: Junk yards are notorious for paying very little for such cars, and some may offer to buy the car per pound as scrap steel, even if a lot of parts can still be salvaged. Donating When you donate your vehicle to a classified 501(c)(3) charity, the value of your car is deductible from your taxable gross income.

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How Much Does an Auto Body Painter Make Annually? | Sapling

Cars Details: The largest number of auto body painters work in repair shops, where they refinish older or damaged vehicles. Others manage automated painting processes in new vehicle manufacturing or touch up flaws. Most auto body painters make at least $31,000 annually as of 2010, but some earn more than twice that amount.

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Can a Car Be Repossessed if the Buyer Dies? | Sapling

Cars Details: When an individual dies before paying off his auto loan, someone has to continue making payments on the vehicle. The auto lender will not automatically repossess the car after receiving notice of the borrower's death, but it has the right to do so if the family misses car payments.

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