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Many determinants go into buying a used car, but the current market puts a unique spin on every step in the process. Here are seven factors to consider if you’re looking to purchase one now. 1.
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...
As originally worded, the program was applicable only to four-wheeled passenger vehicles. In October 2009, a bill sponsored by California Representatives Brian Bilbray and Adam Schiff was passed extending the program's coverage to include high mileage (equivalent to 75 mpg ‑US or 3.1 L/100 km or 90 mpg ‑imp) two- and three-wheeled vehicles. [5]
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
Odometer fraud, also referred to as "busting miles" (United States) or "clocking" (UK, Ireland and Canada), is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer ...
Mileage allowance: Leases come with a preset number of miles you’re allowed to drive annually, and failing to adhere to this cap means you’ll incur added fees unless you buy the vehicle when ...
In 2017, it is reported that auto makers spent more on incentives, US$3,830 per vehicle sold, than labour, which is estimated to be less than US$2,500 per vehicle. [ 58 ] In 2017, General Motors sold its European brands, Opel and Vauxhall , to Groupe PSA due to low profits. [ 59 ]