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  2. Car Allowance Rebate System - Wikipedia

    en.wikipedia.org/wiki/Car_Allowance_Rebate_System

    Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...

  3. Buying a Car in 2024? Junk Fees Will Be a Thing of the Past - AOL

    www.aol.com/buying-car-2024-junk-fees-150841407.html

    The Federal Trade Commission (FTC) is cracking down on junk fees. The new rule is expected to save consumers more than $3.4 billion, the FTC said. The FTC's rule goes into effect on July 30, 2024....

  4. Decrepit car - Wikipedia

    en.wikipedia.org/wiki/Decrepit_car

    A 1961 American Rambler in disrepair. A decrepit car is a car that is often old and damaged and is in a barely functional state. There are many slang terms used to describe such cars, such as beater, clunker, chod, flivver, hooptie/hoopty, jalopy, old banger (most commonly used in the UK), but the most popular being junk car.

  5. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.

  6. How a Trump Win in 2024 Could Impact the Cost of a Used Car - AOL

    www.aol.com/finance/trump-win-2024-could-impact...

    Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. Presidential policies can have an impact as well, though it's often an indirect

  7. Down payment - Wikipedia

    en.wikipedia.org/wiki/Down_payment

    The Federal Housing Administration has advocated lower down payments since its inception in 1934, and, currently, borrowers that qualify for an FHA loan pay only 3.5% for a down payment. With rising home prices in the years from 2000 to 2007, lenders were willing to accept smaller or no down payment (either through 100% financing, seller ...

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