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The most common type of Trade-In Protection (or TIP) occurs at the dealership level, at the vehicle-buying transaction. Dealers either give away the entire TIP protection (up to $5000 in negative equity benefit), or give away a portion while leaving the balance to be purchased by the consumer ($2500 give away, $2500 for sale).
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 ...
A pre-purchase inspection is an independent, third-party professional service that evaluates a vehicle’s condition before a purchase offer is made.Consumer protection organizations such as the Federal Trade Commission, [1] the American Bar Association, [2] insurance companies, and states recommend an independent pre-purchase inspection.
The CARFAX vehicle history report is the company's best-known product. A CARFAX Report can provide information about the number of owners a used car has had, accidents it has been in, title issues, whether it was a fleet vehicle, and its maintenance record, among other aspects of its history.
As of July 29, 2005 Arizona Revised Statutes from the 47th session Chapters 28-2416 and 28-737 allow hybrid vehicles that have been approved by the EPA as meeting, at a minimum, the United States Environmental Protection Agency Ultralow Emission Vehicle Standard with a US$8 special plates/hybrid sticker displayed on said vehicle to use the High ...
They had to sell these vehicles to wary consumers who were unwilling or unable to pay cash for the new purchase at the point of purchase. In many cases, when banks would not lend to the consumer, the automobile dealer would start a related finance company (RFC) and have the finance company approve the loan on the vehicle. This represented a ...
Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay), and what the borrower owes on the loan if the car is totaled or stolen.
The court also discusses another eBay case, Boschetto v. Hansing, [7] in which a California buyer purchased a car from a Wisconsin seller via eBay. The buyer arranged for the car to be picked up and delivered to California. When the car arrived, the buyer found the vehicle to be in poor condition.