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Trading in a car to a dealership instead of selling it privately can save you on taxes for any new vehicle you purchase. The trade-in value of the vehicle can be deducted from the price of a new ...
You can sell the vehicle to a private party, but remember, the car sale will be easier if you owe less on it than what it’s worth. That way, you can have the buyer pay off the loan and pay you ...
In some states vehicles are required to pass strict emissions tests prior to being sold–for example, in California, you'll need to give the buyer a valid smog certification when selling your car ...
Bills of sale may be used in a wide variety of transactions: to sell goods, exchange, give, or mortgage objects. They can be used only to transfer ownership of goods that people already own or to transfer ownership of moveable tangible goods and only by individuals and unincorporated businesses.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
A drawback of ELT is that a holder cannot convert ELT to paper on a same-day basis in the majority of ELT states. Some states do offer an option for expedited printing. For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien.
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