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If you spend $7,000 on a car and an additional $1,000 on improvements, but you sell the car for $7,000, it's considered a capital loss, and you don't need to pay tax on the sale.
Determine Your Budget. Step No. 1, when buying a used car, is the same as the starting point for buying a new car — or buying anything, for that matter: Find out what you can afford.
After lamenting the $20,000 sales tax bill he paid when he bought his Lamborghini Urus, he said that if he'd just bought the car in Montana — where there's no sales tax — he could have saved ...
Buying a car is a big investment; you’ll need to think about the cost, financing options and negotiating tactics before heading to the dealership. These seven tips for buying a car can help. 7 ...
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2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment.This amount will depend on your unique financial situation and the kind of car ...
The coronavirus shutdown has forced car dealers and auto manufacturers to place a much greater emphasis on selling vehicles online. The process isn't new to the COVID-19 crisis, but the current...
In September 2024, the average price of a new car was $48,397, slightly lower than the 2023 average yet $11,000 higher than the 2019 average. Even with higher prices, savvy car consumers can score...