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If you plan to be one of the tens of millions of people who buy or sell a used car each year, read on to learn more about used car values and what they mean. Be Aware: 6 Used Cars To Stay Away From
If you’re buying from a car dealer or used car lot, you may have already found the best financing terms from an outside lender. But it doesn't hurt to inquire with the dealer about what they offer.
Researching the value of your car using KBB, Edmunds, NADA or even a third-party appraiser or claims adjuster can help determine your car’s value and give you a sense of what is a fair payment ...
GAP insurance protects the borrower if the car is written off or totalled by paying the remaining difference between the actual cash value of a vehicle and the balance still owed on the financing. [1] GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts ...
In some US states, insurance companies acknowledge diminished value and provide this coverage direct to their consumers. In Canada, in order to recuperate the lost value after an accident, a person needs to retain legal counsel and order an acceleration depreciation report on their car for the court's use.
Most rental car companies offer insurance to cover damage to the rental vehicle. These policies may be unnecessary for many customers as credit card companies, such as Visa and MasterCard, now provide supplemental collision damage coverage to rental cars if the rental transaction is processed using one of their cards. These benefits are ...
Credit cards typically provide collision damage waivers when the cardholder uses their associated credit card to pay the costs of renting a car and waive the additional coverage at the rental counter.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
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