Archive for January, 2017

Is Car Interest Tax Deductible?

Tuesday, January 31st, 2017
A variety of United States tax forms with a pencil

Can you deduct a car purchase from your taxes?

It’s that time of year again – tax season. And if you’re like many Americans, tracking down all your expenses can be a big hassle. Even more so if you’re not sure exactly what can be deducted. If you bought a vehicle this year and are wondering if the interest tax can be deducted, it is possible depending on your vehicle purchase. (more…)

What Should My Credit Score be to Buy a Car?

Friday, January 27th, 2017
what should my credit score be to buy a car

Recommended Credits Score for buying a vehicle

Thinking of buying a new vehicle? If you don’t have the best credit in the world, or have never really paid attention to your credit score, it’s definitely something you’ll want to look into if you’re looking to get a car loan. Having a low credit score can keep you from getting a loan at many dealerships, but what should a credit score be in order to get a car loan? (more…)

The problem with buying a car privately

Monday, January 23rd, 2017
car problems

Drivers struggling with issues of credit or budget may turn to private car sellers as a way of saving on a used vehicle. And while this may appear to save you some money on the ticket price, it can often be difficult to tell whether you’re really getting a good deal. Not only can the process be overwhelming to inexperienced buyers, but you can also find problems with lack of transparency from a seller. (more…)

Factors that affect your vehicle’s resale value

Monday, January 9th, 2017
car for sale price tag

Things that can reduce your car’s value

For some drivers, the value of their car can be something that’s constantly on their mind, while others don’t give it a second thought until it’s time to sell it. But whatever type of car-owner you are, it’s good to know which factors dealerships and potential buyers look at when deciding the value of a vehicle you’re looking to sell. (more…)

How to create a car budget for your next purchase

Wednesday, January 4th, 2017
hand holding money using calculator

How to create a car budget

Are you considering buying a new or used vehicle? If it’s been awhile since your last purchase, or if it’s your first car, you might be wondering where you should begin your search. Sure you’ve probably got a vehicle or two in mind that you’d like to try out, but before you get to ahead of yourself, or your mind set on a specific car, it’s important that you set up a budget for your car. Deciding on a budget for your purchase can help you figure out how much you can afford to spend on a new vehicle, especially when you consider financing and trade-ins. (more…)

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