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There are plenty of good reasons to purchase a used car, truck, or SUV instead of buying a new vehicle. Chief among them is being able to avoid the dreaded D-word—depreciation—but you can also ...
You must pay vehicle sales tax when you buy a used car if you live in a state that has sales tax. However, you do not pay that tax to the car dealer or individual selling the car.
The process is more complicated than buying closer to home, but purchasing an out-of-state vehicle could save you money and be worth your time. Here are some things to keep in mind if you plan on ...
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.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
Buying used has not been immune to the price increase. The monthly payment for a used vehicle in the third quarter of 2023 was $533, according to Experian. But buying used is still less expensive ...
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