Purchasing a Car

Can I Buy a New Car With the Money From a Totaled Insurance Check?

Thu, 23 May 2019 20:04:19 +0800

If your car is totaled in an accident, you'll receive an insurance check, assuming you were not at fault or you have coverage on your own car in an accident where you are at fault. What you do with that check depends on whether you choose to keep your car or purchase a new vehicle.

Can My Roommate Sublet Our Apartment to Anybody if I Am on the Lease Too?

Thu, 23 May 2019 20:04:19 +0800

If subletting is allowed by your lease or state laws where you live, your roommate is legally able to sublet without your permission. It's certainly considered more polite to talk to you first, but that's not a legal requirement. Subletting does not, however, nullify any part of the original lease.

How to Finance a Car From a Private Seller

Thu, 23 May 2019 20:03:10 +0800

Financing is often part of the car-buying process if you buy from a dealer. But how do you get the car loan you need when you buy from a private seller? There are ways you can get a loan, usually at a local bank, often for a lower interest rate than you'd pay if you bought a car at a dealership.

Do You Get the Title Right Away When Paying Cash for a House?

Thu, 23 May 2019 20:03:10 +0800

If you pay cash for a house, it's a huge accomplishment. You'll likely want a copy of the title as soon as possible. But title and deed are two different things. The title is not a legal document, so you won't receive a piece of paper. Your name will be on it but you'll receive the deed.

How to Figure Missouri Sales Tax on a Car

Thu, 23 May 2019 20:03:04 +0800

Buying a car is a huge investment. When you're budgeting, don't forget about the vehicle sales tax that you'll have to pay on your new purchase. In Missouri, there are two tax rates: one set by the state and one set by the local county. Together, these vehicle sales taxes can be expensive.

I Found an Old Payroll Check: Can I Have It Reissued?

Thu, 23 May 2019 20:03:04 +0800

If you find an old payroll check around the house, you may be limited in whether you can deposit it or not. Check the date on the check and determine if it reads that it is void within 90 days. If it has expired, you still can go to your employer and ask for the check to be reissued.

The Advantages & Disadvantages of Using Cash vs. Credit

Thu, 23 May 2019 20:02:57 +0800

Cash is fast, is accepted almost anywhere and makes budgeting easy. Credit cards, however, can make large purchases easier and provide fraud protection. Conversely, cash is easy to lose and is sometimes stolen. Credit cards can lead to huge debts when used improperly and irresponsibly.

What Is TLC in Real Estate?

Thu, 23 May 2019 20:02:57 +0800

If you see the acronym "TLC" in a home listing, it's likely a sign a house needs work in the form of "tender loving care." Although this generally can serve as a warning sign, if you're a DIY-er, you can get a good deal. An inspection may also help you determine if it's a good buy or not.

What Can I Do If My Car Is Repossessed & I Can't Pay the Difference After Auction?

Thu, 23 May 2019 20:02:49 +0800

When your car is repossessed, you have a short window to pay your past-due balance. If you can't, the lender will sell your car at auction. Your lender will deduct the sales price from the car loan, and you will owe the difference. If you can't pay the difference, you may want to get a loan.

How Can I Terminate My Car Loan?

Thu, 23 May 2019 20:02:49 +0800

If you need to end your car loan, you have a few options. If it’s a recent purchase, you can see if you can return the car. You can also sell the car to an individual or dealer. If you sell for less than the loan amount, you will need to pay the balance. You can also surrender your car.

What Does a Charge-Off Mean on a Car Loan?

Thu, 23 May 2019 20:02:48 +0800

When an individual takes out a car loan and fails to make a payment within 120 days, the lender will label the loan a charge-off. This means the lender no longer believes the individual will fulfill their end of the loan agreement. Your loan may be sold to a collection agency and hurt your credit.

How Does Inflation Affect the Standard of Living?

Tue, 21 May 2019 17:32:37 +0800

Inflation makes consumer goods cost more, which means you get less for your money, The result is a lower standard of living than what you had previously. Inflation is particularly impactful on those in the middle and lower class. To combat inflation, many people spend less and change what they buy.

What Do You Pay for Wear & Tear on a Leased Car?

Mon, 06 May 2019 21:32:38 +0800

The amount you pay for wear and tear damages on a leased car can vary. Whether you need to pay will depend on factors such as the extent and type of damage to the vehicle. In many cases, normal wear and tear on the vehicle will not end up costing you anything. There are also ways to avoid charges.

What Happens if an Individual Refuses to Pay a Promissory Note?

Fri, 03 May 2019 15:39:54 +0800

When you sign a promissory note, you commit to paying the debt back. However, if you refuse to pay, you'll face consequences, including going into default on the loan. If you default, that means the debtor may have the right to take the property back. The terms are spelled out in the note.

Do You Have to Pay After a Repossession?

Fri, 03 May 2019 15:39:54 +0800

If your car is repossessed, you can work with your lender to bring your payments and get your car back. You can also file for bankruptcy, which provides some protections. If the lender sells your car at auction for less than you owe, you may be responsible for paying the balance.

How Long Is a Check Good For?

Tue, 30 Apr 2019 17:42:35 +0800

Checks have expiration dates, even if one isn't listed on the face. These dates can vary, but often it falls within a six-month timeframe. U.S. Treasury checks have a one-year date. If a check has expired, the recipient will need to contact the original source and ask for another check.

The Disadvantage & Advantage of Short-Term Financing

Thu, 25 Apr 2019 17:45:08 +0800

Short-term business loans are available from many sources besides banks, such as online and peer-to-peer lenders. Many of these lenders emphasize their speed and convenience. Short-term loans might not be appropriate for long-term projects because interest rates might have risen by renewal time.

Buying a New Car Vs. a 2 or 3 Year Old Car

Thu, 25 Apr 2019 17:44:05 +0800

Buying something used is typically less expensive than buying it new, but that rule may not always be true when it comes to a vehicle purchase. When you’re trying to decide between a new or used car, be sure to take depreciation, future repairs and new car incentives into account.

How Often Do People Trade in Cars?

Thu, 25 Apr 2019 17:43:56 +0800

There are lots of factors to consider when to trade in a car. Cars are built better than they were 20 years ago, so people keep them longer, but new, improved safety features entice new buyers. The average age of all cars on the road is over 11 years since cars last much longer than they used to.

How Much Do You Pay in Taxes If You Cash Out Your Retirement Early?

Thu, 25 Apr 2019 17:43:56 +0800

Balances in a pre-tax retirement account – from a traditional IRA to a 401(k) plan – will become taxable upon distribution at ordinary income tax rates. A 10 percent early withdrawal penalty also applies to distributions made before age 59 ½. There are exceptions to the early withdrawal penalty.