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If you spend $7,000 on a car and an additional $1,000 on improvements, but you sell the car for $7,000, it's considered a capital loss, and you don't need to pay tax on the sale.
Time your trade-in: Try to time your trade-in for when your remaining loan balance is less than the value of the car. This gives you positive equity to put toward a new vehicle purchase.
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Can you trade in your car after refinancing? Sure, but find out if that's the right move for you. ... 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us.
If you're wondering whether you should trade in your car and if it can help you save big, consult this guide first to discover the pros and cons. ... 24/7 Help. For premium support please call ...
For premium support please call: 800-290-4726 more ways to reach us
Taxpayers are gearing up to file for the past year. Like each tax season, 2024 will consist of a lot of variables that might work for or against you in terms of getting a refund. You might ...
Even as your car gets older, the amount you owe could go up. Learn what to expect on your bill around Kansas City, how property values are calculated and when your payment is due in 2022.