Business Purpose The IRS defines "business purpose" as having a use that is ordinary and necessary in your trade. You can have a business purpose even if you are self-employed and do not operate an...
Significance An automobile repossession is considered a negative credit event and likely will lower your credit score. Although you're volunteering to return the car, the dealership or creditor can...
Many holidays hit the pocketbook in winter, and we can't blame you for wanting to save what you can until birds are chirping and flowers are blooming. We don't often say this about car repair, but the...
While we pride ourselves on trying to keep your wallet as fast as we can, sometimes we find that our readers will have to put a little bit of cash out. However, as always, we're here to make sure that...
Get Your Credit Score Getting a prime or low rate on a used vehicle loan will save you money throughout the life of the loan via lower monthly payments. Lenders will finance you if you have a low c...
Rates When applying for a car loan, your credit rating is taken into consideration. A lender will will look at your credit to determine the risk involved with offering a car loan to you. If you hav...
Third Party This is the legal minimum level of insurance required in the U.K. It provides coverage to anyone who may be affected by your driving and to their property. It specifically does not cove...
In a world where we're constantly connected to everyone around us, the very idea that we may be left alone on the side of the road is terrifying. It becomes even more scary for those who are home with...
Function Car lease payments allow a person to use a car during the period of the lease. Sometimes, though not always, these payments can be lower than traditional car loan payments. The lease payme...
Price Negotiation A private seller may be more willing to negotiate price. While the car dealer or used car sales lot is motivated by private and will not drop the priced beyond a certain level, th...