science and technology
Do dealers pay tax on used cars?
When dealerships buy used cars for resale, they buy inventory, and don’t have to pay sale tax on it. When they buy a car for be used in their operations, ...
Category: Science And Technology
science and technology
What should you not say to a used car dealer?
10 Things You Should Never Say to a Car Salesman “I really love this car” “I don’t know that much about cars” “My trade-in is outside” “I don’t want to ge...
science and technology
Do you have to pay off a totaled car?
The very short answer to this question is: you are still legally obligated to make your monthly loan payments to the bank or financial lender until the lo...
science and technology
Why is loan amount and amount financed different?
The Amount Financed is the loan amount applied for, minus the Prepaid Finance Charges. The Amount Financed is lower than the amount you applied for becaus...
science and technology
Can you sell a car that you owe money on?
It is possible to sell a car even if you still owe money on the loan. This merely adds a step to the sales transaction: closing the loan with your lender....
science and technology
How can I get approved for a car loan higher?
In this article: Make Sure You Have Good Credit. Have a Source of Income. Be Able to Prove Your Identity and Residence. Consider Getting Preapproved. Have...
science and technology
Do you need a repo license in Texas?
Under the Texas Sales and Use tax, repossession services are not taxable. Therefore, unless you sell or lease products as part of your repo business, a sa...
science and technology
Can a charged off auto loan be reinstated?
An auto loan charge-off without repossession is unlikely, unless you have an unsecured auto loan. If you don’t make your car loan payments as agreed, your...
science and technology
Are there fees with a car loan?
For auto loans, origination fees are calculated as a percentage of the total loan, usually between 1 and 2 percent of the loan amount. If a lender takes a...
science and technology
How do survivor benefits work for a child?
Within a family, a child can receive up to half of the parent’s full retirement or disability benefits. If a child receives survivors benefits, they can g...
science and technology
Is it better to buy an older car with low miles or a newer car with high miles?
In general, buying a higher mileage newer is better than buying an older car with less miles. The reason for this is simple: parts in a car, especially th...
science and technology
How does a voluntary repossession work?
In a voluntary repossession, you return your vehicle to your lender when you are unable to make payments. You inform your lender you will not make payment...
science and technology
Is 72 months too long for a car loan?
The most common term currently is for 72 months, with an 84-month loan not too far behind. In fact, nearly 70% of new car loans in the first quarter of 20...